Policy before and after · Policy relaxation
Singapore extends developer ABSD remission timelines for complex projects and the CORENET X qualifying period
Announced 5 March 2025 · Effective 6 March 2025
Read the full event recordCompare with another policyCreate research brief
Comparison window
Comparison anchored to effective date: 6 March 2025. Before: 6 December 2024 to 5 March 2025. After: 6 March 2025 to 3 June 2025. The same 90 days on each side; the anchor day counts as after.
Before · 6 Dec 2024 to 5 Mar 2025
3 land-sales awards
- 7 land-sales steps in all
- 1 other archive event
The event
Announced 5 Mar 2025
Effective 6 Mar 2025
The effective date is the anchor.
After · 6 Mar 2025 to 3 Jun 2025
3 land-sales awards
- 14 land-sales steps in all
- All 90 days observable
What this comparison can and cannot show
Generated from this window's records
Recorded
- 1 verified claim on this event records a before and an after value.
- 3 land-sales awards in the 90 days before the effective date, and 3 in the 90 observable days after.
- None of the 3 tracked series has a whole period on both sides of a 90-day window, so no market figure is compared.
Cannot be concluded
- That this event moved any figure on this page. The comparison is by date; nothing here is attributed to the event.
- A reading of the concurrent land sales and events as responses to this one. They are listed by date alone.
About this eventIssuing authority, category, affected market, primary source, summary
- Announced
- 5 March 2025
- Effective
- 6 March 2025
- Issuing authority
- Ministry of National Development, Ministry of Finance, Inland Revenue Authority of Singapore
- Category
- Policy relaxation
- Affected market
- Residential land acquired by licensed housing developers on or after 6 March 2025, where the project falls within at least one of four qualifying categories of complex project, and separately private residential projects with gross floor area under 30,000 sqm making a first submission under the CORENET X approval process.
- Primary source
- Revisions to Additional Buyer's Stamp Duty Regime for Housing Developers to Support Complex Projects and Onboarding to CORENET X
On 5 March 2025 Singapore extended the deadlines attached to the developer Additional Buyer's Stamp Duty remission, for projects on residential land acquired on or after 6 March 2025. A project falling within one of four qualifying categories of complex project gained 6 months on its commencement, completion and sale timelines, and a project falling within more than one gained 12. A separate leg extended the CORENET X qualifying period for smaller new projects to first submissions made until 31 December 2026. No ABSD rate moved, no buyer outside the licensed developer regime was touched, and the underlying 2-year and 5-year timelines were left in place for every project outside the categories.
In brief
In brief
- 3 GLS site awards were recorded in the before window and 3 in the after window.
What changed
No policy matrix is recorded for this event. These are its verified claims that store a before and an after value.
| As recorded in the claim | Before | After | Change | Source |
|---|---|---|---|---|
| Under the March 2025 framework a Category 1 large en bloc site carried a commencement timeline of 2.5 years and completion and sale timelines of 5.5 years, against 2 years and 5 years for a regular en bloc site.months | 60 | 66 | +10% | Claim 20 |
Observed around this event
View linked outcomesThe same statistic over the 90 days before and after the anchor. Figures describe what was recorded in each window; they do not attribute a change to this event.
Singapore private residential transactions, all types of sale
units · Total over whole quarterly periods inside each 90-day window
Before
None
Coverage 0/90 days
After
None
Coverage 0/90 days
Difference
Not stated
No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.
Provenance
- Source
- Urban Redevelopment Authority
- Series kind
- FLOW
- Basis
- Observation periods wholly inside each window, values as originally recorded.
- Origin
- Calculated (sum of published period values)
- Shown because
- Mapped to this kind of event
Private Residential Property Price Index, All Residential
index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window
Before
None
Coverage 0/90 days
After
None
Coverage 0/90 days
Difference
Not stated
No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.
Provenance
- Source
- Urban Redevelopment Authority
- Series kind
- INDEX
- Basis
- Observation periods wholly inside each window, values as originally recorded.
- Origin
- Source fact (latest whole period)
- Shown because
- Mapped to this kind of event
HDB Resale Price Index
index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window
Before
None
Coverage 0/90 days
After
None
Coverage 0/90 days
Difference
Not stated
No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.
Provenance
- Source
- Housing & Development Board
- Series kind
- INDEX
- Basis
- Observation periods wholly inside each window, values as originally recorded.
- Origin
- Source fact (latest whole period)
- Shown because
- Mapped to this kind of event
Concurrent planning and land activity
Land sales and other archive events dated inside the windows, listed by date only. Each land-sales line shows the site as the record stood on that day.
Before the effective date
8 lines
7 land-sales steps (3 awards) · 1 archive event
From the effective date
14 lines
14 land-sales steps (3 awards) · 0 archive events
Explore concurrent eventsHide concurrent events
Before (8)
14 January 2025 · Land sales
Dairy Farm Walk (21,881.8 sqm parcel): Tender closedResidential · status on 14 January 2025: Tender closed, award pending
14 January 2025 · Land sales
Tengah Garden Avenue: Tender closedResidential with commercial at 1st storey · status on 14 January 2025: Tender closed, award pending
21 January 2025 · Land sales
Dairy Farm Walk (21,881.8 sqm parcel): AwardedResidential · status on 21 January 2025: Awarded · awarded to SNC2 Realty Pte. Ltd., Apex Asia Alpha Investment Two Pte. Ltd., Soon Li Heng Civil Engineering Pte Ltd and Kay Lim Realty Pte. Ltd. at S$504,515,000
21 January 2025 · Land sales
Tengah Garden Avenue: AwardedResidential with commercial at 1st storey · status on 21 January 2025: Awarded · awarded to Intrepid Investments Pte. Ltd., CSC Land Group (Singapore) Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. at S$675,000,000
7 February 2025 · Land sales
River Valley Green (Parcel B): Tender closedResidential with commercial at 1st storey, including long-stay serviced apartments · status on 7 February 2025: Tender closed, award pending
7 February 2025 · Planning
Singapore reissues the CBD Incentive and Strategic Development Incentive schemes to 2030 and adds a conditional commercial conversion option in Anson and CecilAnnounced 7 February 2025
13 February 2025 · Land sales
River Valley Green (Parcel B): AwardedResidential with commercial at 1st storey, including long-stay serviced apartments · status on 13 February 2025: Awarded · awarded to GLL B Pte. Ltd. at S$627,835,896
4 March 2025 · Land sales
Media Circle (Parcel A): Tender closedResidential with commercial at 1st storey · status on 4 March 2025: Tender closed, award pending
After (14)
13 March 2025 · Land sales
Media Circle (Parcel A): AwardedResidential with commercial at 1st storey · status on 13 March 2025: Awarded · awarded to CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd. and Hoovasun Holding Pte. Ltd. at S$315,000,000
18 March 2025 · Land sales
Bayshore Road: Tender closedResidential · status on 18 March 2025: Tender closed, award pending
21 March 2025 · Land sales
Senja Close: Launched for tender, moved from the Reserve List to the Confirmed ListExecutive Condominium residential · status on 21 March 2025: Tender open
28 March 2025 · Land sales
Bayshore Road: AwardedResidential · status on 28 March 2025: Awarded · awarded to Sing-Haiyi Garnet Pte. Ltd. at S$658,888,998
3 April 2025 · Land sales
Lentor Gardens (20,640.8 sqm parcel): Tender closedResidential · status on 3 April 2025: Tender closed, award pending
8 April 2025 · Land sales
Lakeside Drive: Launched for tender, Confirmed ListResidential with commercial at 1st storey · status on 8 April 2025: Tender open
8 April 2025 · Land sales
Dunearn Road: Launched for tender, Confirmed ListResidential · status on 8 April 2025: Tender open
8 April 2025 · Land sales
Woodlands Drive 17 (EC): Launched for tender, Confirmed ListExecutive Condominium · status on 8 April 2025: Tender open
9 April 2025 · Land sales
Lentor Gardens (20,640.8 sqm parcel): AwardedResidential · status on 9 April 2025: Awarded · awarded to Kingsford Huray Development Pte Ltd at S$429,230,000
29 April 2025 · Land sales
Media Circle (Parcel B): Tender closed, no bidsResidential with commercial at 1st storey · status on 29 April 2025: Tender closed, no bids received
13 May 2025 · Land sales
Chuan Grove (14,514.3 sqm parcel): Launched for tender, Confirmed ListResidential · status on 13 May 2025: Tender open
29 May 2025 · Land sales
Sembawang Road: Launched for tender, Confirmed ListExecutive Condominium housing · status on 29 May 2025: Tender open
29 May 2025 · Land sales
Hougang Avenue 10 / Hougang Central: Launched for tender, Confirmed ListMixed commercial and residential, integrated with a bus interchange · status on 29 May 2025: Tender open
3 June 2025 · Land sales
Lakeside Drive: Tender closedResidential with commercial at 1st storey · status on 3 June 2025: Tender closed, award pending
Methodology5 rules
- Comparison anchored to effective date: 6 March 2025. The anchor is the effective date where one is recorded, otherwise the announcement date.
- The windows are the same number of days on each side of the anchor, and the anchor day belongs to the after window.
- A series counts toward a window only for observation periods wholly inside it, with values as originally recorded, not as later revised.
- Where no whole period falls inside a window, no value and no difference is stated; a day no whole period covers is missing, never zero.
- Concurrent land sales and archive events are listed by date alone. Nothing on this page is attributed to the event.
Sources
The event's sources (3)
Primary sources3
Revisions to Additional Buyer's Stamp Duty Regime for Housing Developers to Support Complex Projects and Onboarding to CORENET X
Ministry of Finance · Primary source · Published 5 March 2025
Revisions to Additional Buyer's Stamp Duty Regime to Support Housing Developers Undertaking Large-scale En Bloc Redevelopments
Ministry of Finance · Primary source · Published 28 July 2026
Additional Buyer Stamp Duty (ABSD) Extension for projects that aim to achieve higher productivity targets
Building and Construction Authority · Primary source · Publication date not recorded
Event checked against its primary sources on 24 August 2026. Each claim keeps its own verification status.
Observed series come from the published statistics named on each card. Land-sales lines link to the site record and its releases.