Purpose and identification
This one-page written undertaking is provided by a trustee under rule 3(2 D)(b) of the Stamp Duties (Non-Licensed Housing Developers) (Remission of ABSD) Rules 2015. It concerns housing development with four or fewer units. Address it to the Commissioner at Revenue House,55 Newton Road,Singapore 307987; enter the date, property/land details, authorised signatory and NRIC/FIN/passport, trustee company where applicable and developer name.
Link to the developer undertaking
The trustee promises to ensure the developer complies with its separate letter of undertaking. Identify the developer and that letter’s date. This trustee form does not itself spell out all the developer’s construction or sale conditions; the referenced letter must be considered with it.
Recovery and interest
If the developer undertaking is not met, the trustee promises to pay an amount equal to the ABSD remitted because of this undertaking, as debt due to the Government, plus 5% annual interest starting 14 days after Transaction Date. The footnote defines that date by the purchase contract/agreement or transfer, whichever earlier, or the collective sale order date as applicable, also referring to rule 3(3). Only one set of remitted ABSD and interest is recovered in total.
Notice and signatory
The recoverable amount must be paid at the place and in the manner stated in the Commissioner’s notice, within one month after notice service on the trustee/company. Complete authorised-signatory name and designation. The form supplies no ABSD rate or independent qualification approval.
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 ↗