Prevo

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: 4 February 2025 to 5 March 2025. After: 6 March 2025 to 4 April 2025. The same 30 days on each side; the anchor day counts as after.

Before · 4 Feb 2025 to 5 Mar 2025

1 land-sales award

  • 3 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 4 Apr 2025

2 land-sales awards

  • 5 land-sales steps in all
  • All 30 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.
  • 1 land-sales award in the 30 days before the effective date, and 2 in the 30 observable days after.
  • None of the 3 tracked series has a whole period on both sides of a 30-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

  • 1 GLS site award was recorded in the before window and 2 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 claimBeforeAfterChangeSource
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.months6066+10%Claim 20

Observed around this event

View linked outcomes

The same statistic over the 30 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 30-day window

Before

None

Coverage 0/30 days

After

None

Coverage 0/30 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 30-day window

Before

None

Coverage 0/30 days

After

None

Coverage 0/30 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 30-day window

Before

None

Coverage 0/30 days

After

None

Coverage 0/30 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

4 lines

3 land-sales steps (1 award) · 1 archive event

From the effective date

5 lines

5 land-sales steps (2 awards) · 0 archive events

Explore concurrent events

Before (4)

  1. 7 February 2025 · Land sales

    River Valley Green (Parcel B): Tender closed

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 7 February 2025: Tender closed, award pending

  2. 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 Cecil

    Announced 7 February 2025

  3. 13 February 2025 · Land sales

    River Valley Green (Parcel B): Awarded

    Residential 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. 4 March 2025 · Land sales

    Media Circle (Parcel A): Tender closed

    Residential with commercial at 1st storey · status on 4 March 2025: Tender closed, award pending

After (5)

  1. 13 March 2025 · Land sales

    Media Circle (Parcel A): Awarded

    Residential 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

  2. 18 March 2025 · Land sales

    Bayshore Road: Tender closed

    Residential · status on 18 March 2025: Tender closed, award pending

  3. 21 March 2025 · Land sales

    Senja Close: Launched for tender, moved from the Reserve List to the Confirmed List

    Executive Condominium residential · status on 21 March 2025: Tender open

  4. 28 March 2025 · Land sales

    Bayshore Road: Awarded

    Residential · status on 28 March 2025: Awarded · awarded to Sing-Haiyi Garnet Pte. Ltd. at S$658,888,998

  5. 3 April 2025 · Land sales

    Lentor Gardens (20,640.8 sqm parcel): Tender closed

    Residential · status on 3 April 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

    Open original source

  • 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

    Open original source

  • 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

    Open original source

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.