Buying

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

  • October 29, 2021
  • 6 min read
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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.

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Kevin
Kevin
1 year ago

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

Stacked Homes
Admin
1 year 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
1 year 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
1 year 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!

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