Prevo

Policy before and after · Policy relaxation

Singapore lowers the ABSD clawback for housing developers that sell at least 90% of units on time

Announced 16 February 2024 · Effective 16 February 2024

Read the full event recordCompare with another policyCreate research briefView ABSD for housing developers: remission clawback policy evolution

Comparison window

Comparison anchored to effective date: 16 February 2024. Before: 16 February 2023 to 15 February 2024. After: 16 February 2024 to 14 February 2025. The same 365 days on each side; the anchor day counts as after.

Before · 16 Feb 2023 to 15 Feb 2024

13 land-sales awards

  • 53 land-sales steps in all
  • 3 other archive events
  • Singapore private residential transactions, all types of sale: 14,923 (Q4 2023)

The event

Announced 16 Feb 2024

Effective 16 Feb 2024

The effective date is the anchor.

After · 16 Feb 2024 to 14 Feb 2025

16 land-sales awards

  • 64 land-sales steps in all
  • All 365 days observable
  • Singapore private residential transactions, all types of sale: 17,720 (Q4 2024)

What this comparison can and cannot show

Generated from this window's records

Recorded

  • 5 policy parameters recorded with a before and an after value on this event.
  • 13 land-sales awards in the 365 days before the effective date, and 16 in the 365 observable days after.
  • 3 of 3 tracked series have a whole period on both sides, so a before and after figure is stated for them.

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
16 February 2024
Effective
16 February 2024
Issuing authority
Ministry of National Development, Ministry of Finance, Inland Revenue Authority of Singapore
Category
Policy relaxation
Affected market
Residential land bought by a licensed housing developer, or a trustee for one, under an instrument executed on or after 6 July 2018 on which ABSD was remitted upfront, where the developer commences and completes the development on time and sells at least 90% but less than 100% of the units within the sale timeline. The same mechanism applies to an additional site amalgamated with an initial site under rule 5 of the remission Rules. Land bought before 6 July 2018 and instruments covered by the 2018 antecedent-option remission rules are outside it.
Primary source
Budget Statement 2024 (FY2024)

From 16 February 2024 a licensed housing developer that sells at least 90% but less than 100% of the units in a development within the sale timeline has less of its remitted ABSD clawed back, for residential land bought under an instrument executed on or after 6 July 2018, provided it also met the commencement and completion conditions. The clawback falls by one percentage point of the land consideration for each whole percent of units sold above 89: on land bought from 16 December 2021 it is 34% at 90% sold and 25% at 99%, against 35% before. Below 90% the whole remission is still clawed back, with interest at 5% a year. The measure is not pro-rated to the unsold units. No ABSD rate moved.

In brief

In brief

  • DEVELOPER_ABSD_CLAWBACK, Remission clawback, 90% of units sold, Housing developer, Land bought on or after 16 December 2021: decreased from 35% to 34%.
  • DEVELOPER_ABSD_CLAWBACK, Remission clawback, 99% of units sold, Housing developer, Land bought on or after 16 December 2021: decreased from 35% to 25%.
  • 4 of the 5 recorded parameters changed.
  • Singapore private residential transactions, all types of sale totalled 14,923 in the whole periods inside the 365 days before the effective date (Q2 2023, Q3 2023, Q4 2023) and 17,720 in those inside the 365 days after (Q2 2024, Q3 2024, Q4 2024).
  • 14 GLS site awards were recorded in the before window and 16 in the after window.

What changed

Policy parameterBeforeAfter
DEVELOPER_ABSD_CLAWBACK · Reduced clawback threshold, minimum share of units sold, Housing developerUnknown90%
DEVELOPER_ABSD_CLAWBACK · Remission clawback, 90% of units sold, Housing developer, Land bought on or after 16 December 202135%34%
DEVELOPER_ABSD_CLAWBACK · Remission clawback, 99% of units sold, Housing developer, Land bought on or after 16 December 202135%25%
DEVELOPER_ABSD_CLAWBACK · Remission clawback, 90% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 202125%24%
DEVELOPER_ABSD_CLAWBACK · Remission clawback, 99% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 202125%15%
Where these values come from
Source
Recorded on this event's policy matrix in Prevo's archive. The event's primary source: Budget Statement 2024 (FY2024).
Primary source published
16 February 2024
Validity
In force from the event's effective date, 16 February 2024. The row records no date of its own; the date is the event's.
Basis
Archive record. The matrix row carries no source reference of its own; the event's sources are listed below.

Observed around this event

View linked outcomes

The same statistic over the 365 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 365-day window

Before

14,923

Q2 2023, Q3 2023, Q4 2023

Coverage 275/365 days

After

17,720

Q2 2024, Q3 2024, Q4 2024

Coverage 275/365 days

Difference

+2,797

+18.7%

Qualified: whole periods cover 275/365 days before and 275/365 days after. Days outside a whole period are not counted and are not treated as zero.

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 365-day window

Before

201.5

Q2 2023, Q3 2023, Q4 2023

Coverage 275/365 days

After

209.4

Q2 2024, Q3 2024, Q4 2024

Coverage 275/365 days

Difference

+7.9

+3.9%

Qualified: whole periods cover 275/365 days before and 275/365 days after. Days outside a whole period are not counted and are not treated as zero.

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 365-day window

Before

180.4

Q2 2023, Q3 2023, Q4 2023

Coverage 275/365 days

After

197.9

Q2 2024, Q3 2024, Q4 2024

Coverage 275/365 days

Difference

+17.5

+9.7%

Qualified: whole periods cover 275/365 days before and 275/365 days after. Days outside a whole period are not counted and are not treated as zero.

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

56 lines

53 land-sales steps (13 awards) · 3 archive events

From the effective date

66 lines

64 land-sales steps (16 awards) · 2 archive events

Explore concurrent events

Before (56)

  1. 14 March 2023 · Land sales

    Jalan Tembusu (20,572.1 sqm parcel): Launched for tender

    Residential · status on 14 March 2023: Tender open

  2. 14 March 2023 · Land sales

    Tampines Street 62 (Parcel B): Launched for tender

    Executive Condominium residential · status on 14 March 2023: Tender open

  3. 21 March 2023 · Land sales

    Parry Avenue: Tender closed, concept and price

    Private assisted living and Health and Medical Care · status on 21 March 2023: Tender closed, award pending

  4. 4 April 2023 · Land sales

    Lentor Gardens: Tender closed

    Residential · status on 4 April 2023: Tender closed, award pending

  5. 12 April 2023 · Land sales

    Lentor Central (14,703.2 sqm parcel): Launched for tender, Confirmed List

    Residential · status on 12 April 2023: Tender open

  6. 12 April 2023 · Land sales

    Lentor Gardens (20,640.8 sqm parcel): Released on the Reserve List

    Residential · status on 12 April 2023: On the Reserve List

  7. 13 April 2023 · Land sales

    Lentor Gardens: Awarded

    Residential · status on 13 April 2023: Awarded · awarded to GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$486,800,222

  8. 26 April 2023 · Archive event

    Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%

    Announced 26 April 2023

  9. 25 May 2023 · Land sales

    Champions Way: Launched for tender, Confirmed List

    Residential · status on 25 May 2023: Tender open

  10. 25 May 2023 · Land sales

    Lorong 1 Toa Payoh: Released on the Reserve List

    Residential · status on 25 May 2023: On the Reserve List

  11. 25 May 2023 · Land sales

    Punggol Walk: Released on the Reserve List

    Commercial · status on 25 May 2023: On the Reserve List

  12. 20 June 2023 · Land sales

    Parry Avenue: Awarded, concept and price

    Private assisted living and Health and Medical Care · status on 20 June 2023: Awarded · awarded to Pre 20 Pte. Ltd. at S$71,988,000

  13. 22 June 2023 · Land sales

    Jurong Lake District Master Developer site: Launched for Concept and Price tender

    White site · status on 22 June 2023: Tender open

  14. 27 June 2023 · Land sales

    Marina Gardens Lane: Tender closed

    Residential with commercial at 1st storey · status on 27 June 2023: Tender closed, award pending

  15. 27 June 2023 · Land sales

    Tampines Avenue 11: Tender closed

    Mixed commercial and residential, integrated with a bus interchange, community club and hawker centre · status on 27 June 2023: Tender closed, award pending

  16. 27 June 2023 · Land sales

    Plantation Close: Tender closed

    Executive Condominium housing · status on 27 June 2023: Tender closed, award pending

  17. 30 June 2023 · Land sales

    Marina Gardens Crescent: Launched for tender, Confirmed List

    Plot 1 White site; Plot 2 Open Space; Plots 3 and 4 subterranean link plots · status on 30 June 2023: Tender open

  18. 30 June 2023 · Land sales

    Media Circle: Launched for tender, Confirmed List

    Residential with commercial at 1st storey · status on 30 June 2023: Tender open

  19. 11 July 2023 · Land sales

    Marina Gardens Lane: Awarded

    Residential with commercial at 1st storey · status on 11 July 2023: Awarded · awarded to Kingsford Huray Development Pte. Ltd., Obsidian Development Pte. Ltd. and Polarix Cultural & Science Park Investment Pte. Ltd. at S$1,034,480,000

  20. 11 July 2023 · Land sales

    Tampines Avenue 11: Awarded

    Mixed commercial and residential, integrated with a bus interchange, community club and hawker centre · status on 11 July 2023: Awarded · awarded to Topaz Residential Pte. Ltd. and Topaz Commercial Pte. Ltd. at S$1,206,390,880

  21. 18 July 2023 · Land sales

    Jalan Tembusu (20,572.1 sqm parcel): Tender closed

    Residential · status on 18 July 2023: Tender closed, award pending

  22. 18 July 2023 · Land sales

    Tampines Street 62 (Parcel B): Tender closed

    Executive Condominium residential · status on 18 July 2023: Tender closed, award pending

  23. 19 July 2023 · Archive event

    Singapore brings foreign purchases of Commercial and Residential zoned land under Residential Property Act approval, with transitional exemptions

    Announced 19 July 2023

  24. 10 August 2023 · Land sales

    Jalan Tembusu (20,572.1 sqm parcel): Awarded

    Residential · status on 10 August 2023: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$828,800,000

  25. 15 August 2023 · Land sales

    Clementi Avenue 1: Launched for tender

    Residential · status on 15 August 2023: Tender open

  26. 15 August 2023 · Land sales

    Pine Grove (Parcel B): Launched for tender

    Residential · status on 15 August 2023: Tender open

  27. 20 August 2023 · Archive event

    Singapore introduces the Standard, Plus and Prime flat classification for new BTO flats, with a 10-year MOP and subsidy recovery for Plus and Prime

    Announced 20 August 2023

  28. 5 September 2023 · Land sales

    Lorong 1 Toa Payoh: Launched for tender

    Residential · status on 5 September 2023: Tender open

  29. 11 September 2023 · Land sales

    Plantation Close: Awarded

    Executive Condominium housing · status on 11 September 2023: Awarded · awarded to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd at S$348,500,000

  30. 12 September 2023 · Land sales

    Lentor Central (14,703.2 sqm parcel): Tender closed

    Residential · status on 12 September 2023: Tender closed, award pending

  31. 12 September 2023 · Land sales

    Champions Way: Tender closed

    Residential · status on 12 September 2023: Tender closed, award pending

  32. 18 September 2023 · Land sales

    Lentor Central (14,703.2 sqm parcel): Awarded

    Residential · status on 18 September 2023: Awarded · awarded to Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. at S$435,166,426

  33. 18 September 2023 · Land sales

    Champions Way: Awarded

    Residential · status on 18 September 2023: Awarded · awarded to CDL Stellar Pte. Ltd. at S$294,889,000

  34. 9 October 2023 · Land sales

    Tampines Street 62 (Parcel B): Awarded

    Executive Condominium residential · status on 9 October 2023: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$543,280,000

  35. 17 October 2023 · Land sales

    Orchard Boulevard: Launched for tender

    Residential with commercial at 1st storey · status on 17 October 2023: Tender open

  36. 7 November 2023 · Land sales

    Clementi Avenue 1: Tender closed

    Residential · status on 7 November 2023: Tender closed, award pending

  37. 7 November 2023 · Land sales

    Pine Grove (Parcel B): Tender closed

    Residential · status on 7 November 2023: Tender closed, award pending

  38. 7 November 2023 · Land sales

    Lorong 1 Toa Payoh: Tender closed

    Residential · status on 7 November 2023: Tender closed, award pending

  39. 15 November 2023 · Land sales

    Clementi Avenue 1: Awarded

    Residential · status on 15 November 2023: Awarded · awarded to CSC Land Group (Singapore) Pte. Ltd. and Caspian Residential 3 Pte. Ltd. at S$633,447,945

  40. 15 November 2023 · Land sales

    Pine Grove (Parcel B): Awarded

    Residential · status on 15 November 2023: Awarded · awarded to Golden Ray Edge 3 Pte. Ltd. at S$692,388,000

  41. 15 November 2023 · Land sales

    Lorong 1 Toa Payoh: Awarded

    Residential · status on 15 November 2023: Awarded · awarded to CDL Constellation Pte. Ltd., Frasers Property Phoenix Pte. Ltd. and Sekisui House, Ltd. at S$968,000,000

  42. 16 November 2023 · Land sales

    Holland Drive: Released on the Reserve List

    Residential · status on 16 November 2023: On the Reserve List

  43. 16 November 2023 · Land sales

    De Souza Avenue: Released on the Reserve List

    Residential · status on 16 November 2023: On the Reserve List

  44. 30 November 2023 · Land sales

    Plantation Close (20,038.2 sqm parcel): Launched for tender, Confirmed List

    Executive Condominium housing · status on 30 November 2023: Tender open

  45. 30 November 2023 · Land sales

    Tampines Street 95: Released on the Reserve List

    Executive Condominium housing · status on 30 November 2023: On the Reserve List

  46. 4 December 2023 · Land sales

    Upper Thomson Road (Parcel A): Launched for tender, Confirmed List

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 4 December 2023: Tender open

  47. 4 December 2023 · Land sales

    Upper Thomson Road (Parcel B): Launched for tender, Confirmed List

    Residential · status on 4 December 2023: Tender open

  48. 4 December 2023 · Land sales

    Zion Road (Parcel A): Launched for tender, Confirmed List

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 4 December 2023: Tender open

  49. 4 December 2023 · Land sales

    Zion Road (Parcel B): Released on the Reserve List

    Residential · status on 4 December 2023: On the Reserve List

  50. 18 January 2024 · Land sales

    Marina Gardens Crescent: Tender closed

    Plot 1 White site; Plot 2 Open Space; Plots 3 and 4 subterranean link plots · status on 18 January 2024: Tender closed, award pending

  51. 18 January 2024 · Land sales

    Media Circle: Tender closed

    Residential with commercial at 1st storey · status on 18 January 2024: Tender closed, award pending

  52. 1 February 2024 · Land sales

    Orchard Boulevard: Tender closed

    Residential with commercial at 1st storey · status on 1 February 2024: Tender closed, award pending

  53. 1 February 2024 · Land sales

    Plantation Close (20,038.2 sqm parcel): Tender closed

    Executive Condominium housing · status on 1 February 2024: Tender closed, award pending

  54. 8 February 2024 · Land sales

    Media Circle: Awarded

    Residential with commercial at 1st storey · status on 8 February 2024: Awarded · awarded to CNQC Realty (Clementi) Pte. Ltd. and Forsea Residence Pte. Ltd. at S$395,288,889

  55. 8 February 2024 · Land sales

    Marina Gardens Crescent: Not awarded, returned to the Reserve List

    Plot 1 White site; Plot 2 Open Space; Plots 3 and 4 subterranean link plots · status on 8 February 2024: Tender not awarded

  56. 14 February 2024 · Land sales

    Plantation Close (20,038.2 sqm parcel): Awarded

    Executive Condominium housing · status on 14 February 2024: Awarded · awarded to Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. at S$423,380,000

After (66)

  1. 21 February 2024 · Land sales

    Orchard Boulevard: Awarded

    Residential with commercial at 1st storey · status on 21 February 2024: Awarded · awarded to United Venture Development (No.7) Pte. Ltd. at S$428,280,980

  2. 27 February 2024 · Land sales

    Holland Drive: Launched for tender

    Residential · status on 27 February 2024: Tender open

  3. 11 March 2024 · Land sales

    River Valley Green (Parcel A): Launched for tender, Confirmed List

    Residential · status on 11 March 2024: Tender open

  4. 11 March 2024 · Land sales

    River Valley Green (Parcel B): Released on the Reserve List

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 11 March 2024: On the Reserve List

  5. 26 March 2024 · Land sales

    Jurong Lake District Master Developer site: Tender closed, concept and price

    White site · status on 26 March 2024: Tender closed, award pending

  6. 4 April 2024 · Land sales

    Zion Road (Parcel A): Tender closed

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 4 April 2024: Tender closed, award pending

  7. 4 April 2024 · Land sales

    Upper Thomson Road (Parcel B): Tender closed

    Residential · status on 4 April 2024: Tender closed, award pending

  8. 16 April 2024 · Land sales

    Canberra Crescent: Launched for tender

    Residential · status on 16 April 2024: Tender open

  9. 16 April 2024 · Land sales

    De Souza Avenue: Launched for tender

    Residential · status on 16 April 2024: Tender open

  10. 16 April 2024 · Land sales

    Zion Road (Parcel A): Awarded

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 16 April 2024: Awarded · awarded to CDL-MFA Vega Property Pte. Ltd. and CDL-MFA Altair Property Pte. Ltd. at S$1,106,888,000

  11. 16 April 2024 · Land sales

    Upper Thomson Road (Parcel B): Awarded

    Residential · status on 16 April 2024: Awarded · awarded to GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$779,555,000

  12. 22 April 2024 · Land sales

    Zion Road (Parcel B): Reserve List application accepted

    Residential · status on 22 April 2024: On the Reserve List

  13. 13 May 2024 · Land sales

    Zion Road (Parcel B): Launched for tender, triggered from the Reserve List

    Residential · status on 13 May 2024: Tender open

  14. 14 May 2024 · Land sales

    Holland Drive: Tender closed

    Residential · status on 14 May 2024: Tender closed, award pending

  15. 16 May 2024 · Land sales

    Jalan Loyang Besar: Launched for tender, Confirmed List

    Executive Condominium housing · status on 16 May 2024: Tender open

  16. 20 May 2024 · Land sales

    Holland Drive: Awarded

    Residential · status on 20 May 2024: Awarded · awarded to Holly Development Pte. Ltd. at S$805,390,000

  17. 30 May 2024 · Land sales

    Margaret Drive: Launched for tender

    Residential · status on 30 May 2024: Tender open

  18. 30 May 2024 · Land sales

    Media Circle (long-stay serviced apartments): Launched for tender

    Residential for long-stay serviced apartments only, with commercial at 1st storey · status on 30 May 2024: Tender open

  19. 13 June 2024 · Land sales

    Dairy Farm Walk (21,881.8 sqm parcel): Launched for tender, Confirmed List

    Residential · status on 13 June 2024: Tender open

  20. 13 June 2024 · Land sales

    Tengah Garden Avenue: Launched for tender, Confirmed List

    Residential with commercial at 1st storey · status on 13 June 2024: Tender open

  21. 13 June 2024 · Land sales

    Bayshore Road: Released on the Reserve List

    Residential · status on 13 June 2024: On the Reserve List

  22. 19 June 2024 · Land sales

    Upper Thomson Road (Parcel A): Tender closed, no bids

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 19 June 2024: Tender closed, no bids received

  23. 19 June 2024 · Land sales

    River Valley Green (Parcel A): Tender closed

    Residential · status on 19 June 2024: Tender closed, award pending

  24. 27 June 2024 · Land sales

    River Valley Green (Parcel A): Awarded

    Residential · status on 27 June 2024: Awarded · awarded to Winchamp Investment Pte. Ltd. at S$463,999,999

  25. 27 June 2024 · Land sales

    Tampines Street 94: Launched for tender, Confirmed List

    Mixed commercial and residential · status on 27 June 2024: Tender open

  26. 18 July 2024 · Land sales

    Canberra Crescent: Tender closed

    Residential · status on 18 July 2024: Tender closed, award pending

  27. 18 July 2024 · Land sales

    De Souza Avenue: Tender closed

    Residential · status on 18 July 2024: Tender closed, award pending

  28. 18 July 2024 · Land sales

    Zion Road (Parcel B): Tender closed

    Residential · status on 18 July 2024: Tender closed, award pending

  29. 1 August 2024 · Land sales

    Margaret Drive: Tender closed

    Residential · status on 1 August 2024: Tender closed, award pending

  30. 1 August 2024 · Land sales

    Jalan Loyang Besar: Tender closed

    Executive Condominium housing · status on 1 August 2024: Tender closed, award pending

  31. 7 August 2024 · Land sales

    Canberra Crescent: Awarded

    Residential · status on 7 August 2024: Awarded · awarded to Peak Nature Pte Ltd and Huatland Development Pte. Ltd. at S$279,000,800

  32. 7 August 2024 · Land sales

    De Souza Avenue: Awarded

    Residential · status on 7 August 2024: Awarded · awarded to SL Capital (8) Pte Ltd at S$278,900,000

  33. 7 August 2024 · Land sales

    Zion Road (Parcel B): Awarded

    Residential · status on 7 August 2024: Awarded · awarded to Valerian Residential Pte. Ltd. at S$730,088,888

  34. 7 August 2024 · Land sales

    Margaret Drive: Awarded

    Residential · status on 7 August 2024: Awarded · awarded to Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd. at S$497,000,000

  35. 16 August 2024 · Land sales

    Jalan Loyang Besar: Awarded

    Executive Condominium housing · status on 16 August 2024: Awarded · awarded to CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd. at S$557,000,000

  36. 19 August 2024 · Archive event

    Singapore lowers the HDB housing-loan LTV limit from 80% to 75%

    Announced 19 August 2024

  37. 22 August 2024 · Land sales

    Tampines Street 95: Launched for tender, moved from the Reserve List to the Confirmed List

    Executive Condominium housing · status on 22 August 2024: Tender open

  38. 12 September 2024 · Land sales

    Faber Walk: Launched for tender

    Residential · status on 12 September 2024: Tender open

  39. 13 September 2024 · Land sales

    Jurong Lake District Master Developer site: Not awarded, moved to the Reserve List

    White site · status on 13 September 2024: Tender not awarded

  40. 19 September 2024 · Land sales

    Media Circle (long-stay serviced apartments): Tender closed

    Residential for long-stay serviced apartments only, with commercial at 1st storey · status on 19 September 2024: Tender closed, award pending

  41. 19 September 2024 · Land sales

    Tampines Street 94: Tender closed

    Mixed commercial and residential · status on 19 September 2024: Tender closed, award pending

  42. 26 September 2024 · Land sales

    Chencharu Close: Launched for tender, Confirmed List

    Mixed commercial and residential, integrated with a bus interchange and a hawker centre · status on 26 September 2024: Tender open

  43. 3 October 2024 · Land sales

    Media Circle (long-stay serviced apartments): Not awarded

    Residential for long-stay serviced apartments only, with commercial at 1st storey · status on 3 October 2024: Tender not awarded

  44. 10 October 2024 · Land sales

    Tampines Street 94: Awarded

    Mixed commercial and residential · status on 10 October 2024: Awarded · awarded to Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. at S$668,280,000

  45. 17 October 2024 · Land sales

    Lentor Gardens (20,640.8 sqm parcel): Launched for tender, Confirmed List

    Residential · status on 17 October 2024: Tender open

  46. 17 October 2024 · Land sales

    River Valley Green (Parcel B): Launched for tender, Confirmed List

    Residential with commercial at 1st storey, including long-stay serviced apartments · status on 17 October 2024: Tender open

  47. 17 October 2024 · Land sales

    Marina Gardens Lane (6,007.4 sqm parcel): Released on the Reserve List

    Residential with commercial at 1st storey · status on 17 October 2024: On the Reserve List

  48. 17 October 2024 · Land sales

    Woodlands Drive 17 (EC): Released on the Reserve List

    Executive Condominium · status on 17 October 2024: On the Reserve List

  49. 24 October 2024 · Land sales

    Tampines Street 95: Tender closed

    Executive Condominium housing · status on 24 October 2024: Tender closed, award pending

  50. 8 November 2024 · Land sales

    Tampines Street 95: Awarded

    Executive Condominium housing · status on 8 November 2024: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$465,000,000

  51. 19 November 2024 · Land sales

    Faber Walk: Tender closed

    Residential · status on 19 November 2024: Tender closed, award pending

  52. 26 November 2024 · Land sales

    Media Circle (Parcel A): Launched for tender, Confirmed List

    Residential with commercial at 1st storey · status on 26 November 2024: Tender open

  53. 26 November 2024 · Land sales

    Media Circle (Parcel B): Launched for tender, Confirmed List

    Residential with commercial at 1st storey · status on 26 November 2024: Tender open

  54. 26 November 2024 · Land sales

    Bayshore Road: Launched for tender, Confirmed List

    Residential · status on 26 November 2024: Tender open

  55. 26 November 2024 · Land sales

    Faber Walk: Awarded

    Residential · status on 26 November 2024: Awarded · awarded to GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$349,857,988

  56. 3 December 2024 · Land sales

    Holland Link: Launched for tender, Confirmed List

    Residential · status on 3 December 2024: Tender open

  57. 3 December 2024 · Land sales

    Holland Plain: Released on the Reserve List

    Residential · status on 3 December 2024: On the Reserve List

  58. 3 December 2024 · Land sales

    Chuan Grove: Launched for tender, Confirmed List

    Residential · status on 3 December 2024: Tender open

  59. 3 December 2024 · Land sales

    River Valley Green (Parcel C): Released on the Reserve List

    Residential · status on 3 December 2024: On the Reserve List

  60. 14 January 2025 · Land sales

    Dairy Farm Walk (21,881.8 sqm parcel): Tender closed

    Residential · status on 14 January 2025: Tender closed, award pending

  61. 14 January 2025 · Land sales

    Tengah Garden Avenue: Tender closed

    Residential with commercial at 1st storey · status on 14 January 2025: Tender closed, award pending

  62. 21 January 2025 · Land sales

    Dairy Farm Walk (21,881.8 sqm parcel): Awarded

    Residential · 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

  63. 21 January 2025 · Land sales

    Tengah Garden Avenue: Awarded

    Residential 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

  64. 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

  65. 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

  66. 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

Methodology5 rules
  • Comparison anchored to effective date: 16 February 2024. 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 (7)

Primary sources7

  • Budget Statement 2024 (FY2024)

    Ministry of Finance · Primary source · Published 16 February 2024

    Open original source

  • Stamp Duties (Housing Developers) (Remission of ABSD) (Amendment) Rules 2024

    Attorney-General's Chambers (Singapore Statutes Online) · Primary source · Published 16 February 2024

    Open original source

  • ABSD Revisions to Support Seniors and the Built Environment Sector

    Ministry of National Development · Primary source · Published 16 February 2024

    Open original source

  • Stamp Duties (Instruments on or before 5 July 2018) (Remission) Rules 2018

    Attorney-General's Chambers (Singapore Statutes Online) · Primary source · Published 5 July 2018

    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

  • Sites for Development of Five or More Residential Units

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

    Open original source

  • Budget 2024 - Overview of Tax Changes

    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.