Prevo

Policy before and after · Policy relaxation

Singapore gives developers an additional six months of COVID-19 relief on ABSD commencement and completion timelines, for land bought up to 7 May 2021

Announced 28 June 2021 · Effective 28 June 2021

Read the full event recordCompare with another policyCreate research brief

Comparison window

Comparison anchored to effective date: 28 June 2021. Before: 30 March 2021 to 27 June 2021. After: 28 June 2021 to 25 September 2021. The same 90 days on each side; the anchor day counts as after.

Before · 30 Mar 2021 to 27 Jun 2021

3 land-sales awards

  • 12 land-sales steps in all
  • 0 other archive events

The event

Announced 28 Jun 2021

Effective 28 Jun 2021

The effective date is the anchor.

After · 28 Jun 2021 to 25 Sep 2021

2 land-sales awards

  • 8 land-sales steps in all
  • All 90 days observable

What this comparison can and cannot show

Generated from this window's records

Recorded

  • 6 verified claims on this event record a before and an after value.
  • 3 land-sales awards in the 90 days before the effective date, and 2 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
28 June 2021
Effective
28 June 2021
Issuing authority
Singapore Land Authority, Ministry of National Development, Ministry of Finance, Inland Revenue Authority of Singapore
Category
Policy relaxation
Affected market
Residential land on which a qualifying developer's ABSD was remitted under the Stamp Duties (Housing Developers) (Remission of ABSD) Rules 2013, where the instrument was executed on or before 7 May 2021 and, for an instrument on or before 1 June 2020, the original deadline for the limb fell on or after 1 February 2020; the project completion period of residential projects on Government sale sites awarded, or on land directly alienated or lease-renewed by SLA, on or before 7 May 2021; and qualifying certificates or other SLA approvals requiring completion of all units, issued on or before 7 May 2021. Buyer ABSD, commercial and industrial projects and non-licensed developers' COVID-19 periods are outside it, and acquisitions after 7 May 2021 are outside this COVID relief cohort.
Primary source
Extension to Temporary Relief Measures for Property Sector due to Coronavirus Disease 2019 (COVID-19) Pandemic

From 28 June 2021 a qualifying developer under the 2013 ABSD remission Rules that bought residential land on or before 7 May 2021 had an additional 6 months to commence and complete, counted from the instrument date, with no application, and no more time to sell. For land bought on or before 1 June 2020 each limb qualified only if its original deadline fell on or after 1 February 2020; where it did, commencement reached 3 years and 6 months and completion 6 years and 6 months, the third 6-month step. Land bought 2 June 2020 to 7 May 2021 got 2 years and 6 months and 5 years and 6 months. The project completion period on Government and SLA land also gained 6 months, and QC developers meeting two conditions could apply for a 6-month waiver of extension charges. Acquisitions after 7 May 2021 are outside this COVID relief cohort.

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 claimBeforeAfterChangeSource
2013 Rules commencement, instruments 2 June 2020 to 7 May 2021: from that datemonths2430+25%Claim 3
2013 Rules commencement, instruments by 1 June 2020: from the instrument datemonths3642+16.7%Claim 1
2013 Rules completion, instruments 2 June 2020 to 7 May 2021: from that datemonths6066+10%Claim 4
2013 Rules completion, instruments by 1 June 2020: from the instrument datemonths7278+8.3%Claim 2
View all 6 before-and-after values
Under the 2013 Rules the sale timeline was not extended on 28 June 2021: it stayed at 5 years and 6 months from the date of execution of the instrument only where the instrument was executed on or before 1 June 2020 and the original 5-year deadline fell on or after 1 February 2020, the projects that qualified for the May 2020 sale relief, and at 5 years for other instruments, including those executed 2 June 2020 to 7 May 2021. Non-licensed developers are under separate 2015 Rules, with a 3-year base.months6666No changeClaim 5
Under rule 3(2) of the 2013 Rules the base conditions for a qualifying developer are to commence within 2 years and to complete and sell every unit within 5 years starting from the date of execution of the instrument.years55No changeClaim 17

Observed around this event

View linked outcomes

The 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

12 lines

12 land-sales steps (3 awards) · 0 archive events

From the effective date

9 lines

8 land-sales steps (2 awards) · 1 archive event

Explore concurrent events

Before (12)

  1. 15 April 2021 · Land sales

    Lentor Central: Launched for tender

    Residential with commercial at 1st storey · status on 15 April 2021: Tender open

  2. 15 April 2021 · Land sales

    Tampines Street 62 (Parcel A): Launched for tender

    Executive Condominium residential · status on 15 April 2021: Tender open

  3. 27 April 2021 · Land sales

    Northumberland Road: Tender closed

    Residential with commercial at 1st storey · status on 27 April 2021: Tender closed, award pending

  4. 5 May 2021 · Land sales

    Northumberland Road: Awarded

    Residential with commercial at 1st storey · status on 5 May 2021: Awarded · awarded to Maximus Residential SG Pte. Ltd. and Maximus Commercial SG Pte. Ltd. at S$445,888,000

  5. 25 May 2021 · Land sales

    Ang Mo Kio Avenue 1: Tender closed

    Residential · status on 25 May 2021: Tender closed, award pending

  6. 25 May 2021 · Land sales

    Tengah Garden Walk: Tender closed

    Executive Condominium housing · status on 25 May 2021: Tender closed, award pending

  7. 27 May 2021 · Land sales

    Jalan Tembusu: Released on the Reserve List

    Residential · status on 27 May 2021: On the Reserve List

  8. 27 May 2021 · Land sales

    Tampines Street 62 (Parcel B): Released on the Reserve List

    Executive Condominium residential · status on 27 May 2021: On the Reserve List

  9. 2 June 2021 · Land sales

    Ang Mo Kio Avenue 1: Awarded

    Residential · status on 2 June 2021: Awarded · awarded to United Venture Development (2021) Pte. Ltd. at S$381,381,000

  10. 3 June 2021 · Land sales

    Tengah Garden Walk: Awarded

    Executive Condominium housing · status on 3 June 2021: Awarded · awarded to Taurus Properties SG Pte. Ltd. at S$400,318,000

  11. 15 June 2021 · Land sales

    Slim Barracks Rise (Parcel A): Launched for tender

    Residential with commercial at 1st storey · status on 15 June 2021: Tender open

  12. 15 June 2021 · Land sales

    Slim Barracks Rise (Parcel B): Launched for tender

    Residential with commercial at 1st storey · status on 15 June 2021: Tender open

After (9)

  1. 28 June 2021 · Land sales

    Marina View: Reserve List site launched for tender

    White site: mixed residential, hotel, commercial and/or serviced apartment · status on 28 June 2021: Tender open

  2. 29 June 2021 · Land sales

    Jalan Anak Bukit: Tender closed, concept stage

    Commercial and residential integrated transport hub · status on 29 June 2021: Tender closed, award pending

  3. 29 June 2021 · Archive event

    Singapore adds family and nominee routes to the shareholding test for exempting listed developers from the qualifying certificate regime

    Announced 29 June 2021

  4. 22 July 2021 · Land sales

    Lentor Central: Tender closed

    Residential with commercial at 1st storey · status on 22 July 2021: Tender closed, award pending

  5. 22 July 2021 · Land sales

    Tampines Street 62 (Parcel A): Tender closed

    Executive Condominium residential · status on 22 July 2021: Tender closed, award pending

  6. 29 July 2021 · Land sales

    Lentor Central: Awarded

    Residential with commercial at 1st storey · status on 29 July 2021: Awarded · awarded to GLL D Pte. Ltd. at S$784,113,000

  7. 3 August 2021 · Land sales

    Tampines Street 62 (Parcel A): Awarded

    Executive Condominium residential · status on 3 August 2021: Awarded · awarded to QJ-OS Pte. Ltd. and Santarli Realty Pte. Ltd. at S$422,000,000

  8. 30 August 2021 · Land sales

    Jalan Anak Bukit: Awarded, concept and price

    Commercial and residential integrated transport hub · status on 30 August 2021: Awarded · awarded to FE Landmark Pte. Ltd., FEC Residences Trustee Pte. Ltd. (in its capacity as Trustee-Manager of FEC Residences Trust) and FEC Retail Trustee Pte. Ltd. (in its capacity as Trustee-Manager of FEC Retail Trust) at S$1,028,333,333

  9. 21 September 2021 · Land sales

    Marina View: Tender closed

    White site: mixed residential, hotel, commercial and/or serviced apartment · status on 21 September 2021: Tender closed, award pending

Methodology5 rules
  • Comparison anchored to effective date: 28 June 2021. 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 (5)

Primary sources5

  • Extension to Temporary Relief Measures for Property Sector due to Coronavirus Disease 2019 (COVID-19) Pandemic

    Ministry of Law · Primary source · Published 28 June 2021

    Open original source

  • Additional Temporary Relief Measures for Property Sector due to Coronavirus Disease 2019 (COVID-19) Pandemic

    Ministry of Law · Primary source · Published 8 October 2020

    Open original source

  • Temporary Relief Measures for Property Sector due to Coronavirus Disease 2019 (COVID-19) Pandemic

    Ministry of Law · Primary source · Published 6 May 2020

    Open original source

  • Stamp Duties (Housing Developers) (Remission of ABSD) Rules 2013

    Attorney-General's Chambers (Singapore Statutes Online) · Primary source · Published 24 June 2013

    Open original source

  • ABSD Housing Developers Remission Timeline Extensions for Complex Projects and CORENET X

    Inland Revenue Authority of Singapore · Primary source · Publication date not recorded

    Open original source

Event checked against its primary sources on 27 September 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.