Potential New Condo Bargains

(Condo Apartments Facing QC and ABSD Deadlines)

Qualifying Certificates (QC) and Additional Buyers' Stamp Duty (ABSD) for Developers require them to sell their units within a certain period of time or face a steep penalty.

Name of Development Location Total No. of units Unsold Units Takeup rate QC Deadline ABSD Deadline
* Unsold units updated as of .
* Data is accurate as of , the list may not be exhaustive.
Click on the project name to view more information
 How Does QC and ABSD Affect Developer? 
Qualifying Certificates (QC)
Additional Buyers' Stamp Duty (ABSD)
Type of Sites
Non-Government Land Sales (GLS) Residential Sites
Type of Sites
All Residential Sites bought after and on 8 Dec 2011
Foreign and/or listed Developers
All Developers
Conditions to be Fulfilled
  • TOP in 5 years.
  • 2 more years to sell all the units - or a total of seven years from the date it bought the land.
  • It is not allowed to rent out unsold units.
Conditions to be Fulfilled
  • TOP and sell all their units in:

    4 years for executive condominiums (ECs) and 5 years for private residential properties.

  • There are still other detailed conditions.
Penalty / Stamp duties
  • A banker's guarantee worth 10% of the land purchase price will be forfeited.
  • The banker's guarantee is submitted during the time of purchase.
  • Unsold units risk being force-sold by the Government.
Penalty / Stamp duties
  • 10% of the purchase price of the site for land bought after and on 8th December 2011.
  • 15% for land acquired after January 2013.
  • The government will waive ABSD if they agree to build, complete and then sell all their units within a stipulated period.
  • If the Housing Developer fails to comply with any of the conditions of the undertaking, then the ABSD amount shall be repaid in full with interest.

* Foreign developers are defined as developers whose shareholders and directors are not all Singaporean.
Listed companies are deemed foreign as they would have some foreign shareholders.

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