Scope, signing and transaction date
A qualifying developer gives this undertaking under HousingDevelopersABSDRemissionRules 2013 rule 3(2)(g) for development with five or more housing units. A director identifies company/name/NRIC-FIN-passport, site/land and date and signs for the company. TransactionDate means purchase contract/agreement or transfer, whichever earlier, or applicable collective-sale order, referring also to rule 3(3). This date anchors every undertaking; not construction commencement.
Development and evidence milestones
Start within two years; complete more than four units and sell all within five. Within two years submit relevantQualifyingCertificate andHousingDeveloperLicence plus commencement proof: URA WrittenPermission, BCA structural-work permit and architect/engineer declaration of piling/foundation/demolition start. Within five years submitBCA TemporaryOccupationPermit/StatutoryCompletion and developer declaration of all sales. If not all sold, submit sold/unsold unit list with buyers’ names/IDs as at five-year date within five years and one month. Supply other requested documents.
Different breaches and5% interest
Breach commencement, completion or document obligations (a),(b),(d) repays all remittedABSD. Sale-only breach(c) instead follows partial/full clawback under(e)(ii). Recoverable amount is government debt with 5% yearly interest running from 14 days afterTransactionDate. Pay at the location/manner inCommissioner’s notice within one month of service. The one-month collection deadline does not reset interest commencement.
Entire clawback annex
For residential land acquired on/after 16 December 2021, round the sold percentage down to whole percent. At 100% clawback 0;99%25%;98%26%;97%27%;96%28%;95%29%;94%30%;93%31%;92%32%;91%33%;90%34%; below 90%35%. At 90–99 the remitted rate 35% is reduced to (rounded sold percent−89%) of consideration, so clawback=35% minus retained remission rate. For example 99% sold retains 10%, claws 25%. At 89% or less full remission is reclaimed; do not confuse clawback rate with unsold-unit share.
| Sold % (round down) | Clawback % |
|---|---|
| 100 | 0 |
| 99 | 25 |
| 98 | 26 |
| 97 | 27 |
| 96 | 28 |
| 95 | 29 |
| 94 | 30 |
| 93 | 31 |
| 92 | 32 |
| 91 | 33 |
| 90 | 34 |
| <90 | 35 |
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗