Statutory Developer Clearance Radar
Developer ABSD 5-Year Remission Countdown
Screen active Singapore new launches approaching the statutory 5-year IRAS ABSD remission deadline. Uncover motivated developers facing multi-million dollar clawbacks, offering direct star buy pricing on final inventory.
Singapore developer ABSD remission rules mandate that housing developers must fully sell 100% of residential units within 5 years of land acquisition, or forfeit up to 40% upfront stamp duty on the land price. The PropAce ABSD Countdown Radar tracks projects with final inventory units remaining, alerting buyers to time-sensitive developer star buy discounts.Grounding: Inland Revenue Authority of Singapore (IRAS) · Stamp Duties Act (Cap. 312)
Critical Deadlines
4 Projects
< 6 Months to 100% Sales Mandate
Total Clawback Risk
S$1.92B
35%–40% Upfront Land Tax Exposure
Unsold Units Left
46 Units
Across 18 Prime New Launches
Average Cleared
95.8%
Final 1 to 5 Units Clearance Phase
Urgency:
Remaining Units:
Showing 0 developments under active statutory clearance countdownIRAS 5-Year Remission Rule
Querying developer sales and statutory ABSD remission status...
Statutory Compliance & Fiduciary Notice (IRAS Stamp Duties Act Cap. 312): Residential housing developers purchasing land parcels on or after 16 December 2021 are subject to 40% upfront ABSD (35% remittable upon 100% full disposal within 5 years + 5% non-remittable). Remission rules strictly require every single unit to be sold within 60 months; partial remission is legally barred. Star buy pricing, furniture rebates, or direct developer absorption are commercial concessions offered by developers to extinguish statutory ABSD clawback liabilities.