Buying

New Launches Near The 5-Year ABSD Deadline In 2021: Will We Be Seeing Developer Discounts?

Join our Telegram group for instant notifications
Join Now

Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

Subscribe
Notify of
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Kevin
Kevin
2 years ago

How did you track when a developer approaches their ABSD deadlines? Where do we find the land site sale data?

Stacked Homes
Admin
2 years ago
Reply to  Kevin

These are based on several resources, but mostly en bloc sales data that we gather from paid subscriptions. We also manually search for news articles relating to en bloc sales / land purchases to get the sale date.

Crystal
Crystal
2 years ago
Reply to  Stacked Homes

Hi Stacked homes, how does this work? so it is 30% of purchase prices of the remaining units or 30% of land prices? Could you please share? It is interesting to know.

Stacked Homes
Admin
2 years ago
Reply to  Crystal

Hey Crystal! It’s just like the normal ABSD you’d pay as a homebuyer purchasing a 2nd property. It’s based on the purchase price or market value and paid upfront first. The developer has to sell every single unit and it’s not based on the number of units remaining. For more information, you can refer to https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/additional-buyer's-stamp-duty-(absd)

Thanks!

Latest Posts

5 Cheapest Executive Maisonette HDBs You Can Buy In 2024 (From $725k)
Units Of The Week 5 Cheapest Executive Maisonette HDBs You Can Buy In 2024 (From $725k)
November 28, 2024
Union Square Model 36
Property Picks What $1.4M For A One-Bedder at Emerald Of Katong Gets You: Here Are Some Surprising New Launch Comparisons
November 27, 2024
two ECs near their MOP
Commentary 2 Newest Executive Condos Hitting MOP Soon In 2024/25 For HDB Upgraders
November 25, 2024
lakegarden residences dual key units
Property Picks 5 New Condo Dual Key Units That Are Still Available In 2024 (From $2,116,000)
November 25, 2024
floor plan changes
Commentary Is PSF Still Relevant In The Singapore Property Market? Why Price Per Square Foot Could Be Misleading in 2024
November 24, 2024
A Creative Duo Built Their Vibrant Home With DIY Furniture | Singapore 1
Living In A Young Creative Couple Built Their Vibrant 4-Room BTO Apartment With DIY Furniture
November 24, 2024
chuan park emerald of katong
News The Differing Sale Tactics Of Chuan Park And Emerald of Katong
November 24, 2024
Twin VEW Condo
Commentary 7 Surprising Condos That Are Profitable Despite Not Being Near An MRT Station
November 23, 2024
Alkaff Oasis 169 top view development blocks
Advice We Make $400k Per Year And Own A Bidadari HDB: Should We Look At 2 Properties Instead Of 1 Freehold Landed?
November 22, 2024
A Couple's Nature Inspired Apartment With A Serene Reservoir View | Singapore copy
Living In A Young Couple’s Nature-Inspired 5-Room BTO Apartment With A Serene Reservoir View
November 21, 2024
5 Cheapest Yet Spacious HDB Flats Above 1,300 Sqft In November 2024
Units Of The Week 5 Cheapest Yet Spacious HDB Flats Above 1,300 Sqft In November 2024
November 21, 2024
high park residences
Rent 10 Cheapest Condo Rental Homes For Families In 2024 (From $2,300 Per Month)
November 19, 2024
21. Chuan Park Model 11
Commentary 1,480 New Condos Sold In 1 Weekend: Why Are Singaporeans Rushing Despite “High” Prices?
November 19, 2024
Emerald of Katong 99% Sold
Analysis Why Emerald Of Katong Sold 99% Of Units In Just 2 Days: We Break Down The Sale Prices
November 18, 2024
Inside A 110sqm Cave Like Apartment For A Family Of Three 1
Living In How A Couple Transformed Their 5-Room BTO Into A Unique Cave-Like Home
November 18, 2024
Shangri La Close Estate 7
Editors' Pick Inside A Tiny Freehold Landed Estate In Ang Mo Kio Near The MRT From $4.75m
November 17, 2024