Regulation 3

a conveyance, assignment or transfer on sale of residential property to a qualifying developer for the purpose of housing development by the qualifying developer;

any instrument chargeable in like manner, including (but not limited to) a conveyance direction.

if the instrument is executed before 6 July 2018, the full amount of the ABSD;

if the instrument is one mentioned in rule 3(1) of the Stamp Duties (Instruments on or before 5 July 2018) (Remission) Rules 2018 (G.N. No. S 453/2018), the full amount of the ABSD that is chargeable after applying those Rules; (c)if the instrument —

is executed between 6 July 2018 and 15 December 2021 (both dates inclusive) and is not one mentioned in sub‑paragraph (b); or

is one mentioned in rule 3(1) of the Stamp Duties (Instruments on or before 15 December 2021) (Remission) Rules 2021 (G.N. No. S 944/2021),25% of the amount or the total amount of the consideration (as determined in accordance with paragraphs (2)(bb) and (4)(a) of Article 3 of the First Schedule to the Act) of the residential property or properties conveyed, assigned or transferred under the instrument; and

if the instrument is executed on or after 16 December 2021 and is not one mentioned in sub‑paragraph (c)(ii), 35% of the amount or the total amount of the consideration (as determined in accordance with paragraphs (2)(bb) and (4)(a) of Article 3 of the First Schedule to the Act) of the residential property or properties conveyed, assigned or transferred under the instrument.

if the qualifying developer is not a licensed housing developer, he is granted the licence within 2 years starting from the date of execution of the instrument;

the licence which the qualifying developer holds or (if he is not a licensed housing developer) which he is subsequently granted authorises him to undertake housing development on the residential property in respect of which the instrument is executed;

the qualifying developer commences housing development on the residential property within 2 years starting from the date of execution of the instrument;

the qualifying developer completes the housing development, and sells all the units of housing accommodation that are the subject of the development within 5 years starting from the date of execution of the instrument; (e)the qualifying developer provides to the Commissioner, within 2 years starting from the date of execution of the instrument or by such earlier or later date as the Commissioner may require or permit in any particular case —

a copy of the qualifying developer’s licence;

a copy of the approval of the Controller of Residential Property referred to in section 31 of the Residential Property Act 1976 (if applicable) in respect of the housing development; and

such other documents as the Commissioner may require to satisfy himself that the conditions under sub-paragraphs (a), (b) and (c) have been complied with;

the qualifying developer provides to the Commissioner, within 5 years starting from the date of execution of the instrument or by such earlier or later date as the Commissioner may require or permit in any particular case, a copy of the Temporary Occupation Permit or Certificate of Statutory Completion in respect of the units of housing accommodation, and such other documents as the Commissioner may require to satisfy himself that the condition under sub-paragraph (d) has been complied with;

the qualifying developer provides to the Commissioner on the date of execution of the instrument or by such later date as the Commissioner may permit in any particular case, a written undertaking to comply with all the conditions in sub-paragraphs (a) to (f).

the date of execution of the instrument is on or before 1 June 2020; and

without regard to this paragraph, the last date by which the qualifying developer must comply with paragraph (2)(c) is on or after 1 February 2020,then the reference to 2 years in paragraph (2)(c) and (e) is each replaced with a reference to 3 years and 6 months.

the date of execution of the instrument is on or before 1 June 2020; and

without regard to this paragraph, the last date by which the qualifying developer must comply with paragraph (2)(d) is on or after 1 February 2020,then —

the reference to 5 years in paragraph (2)(d) is replaced with the following:

in relation to the completion of the housing development — 6 years and 6 months;

in relation to the sale of all the units of housing accommodation that are the subject of the housing development — 5 years and 6 months; and

the reference to 5 years in paragraph (2)(f) is replaced with a reference to 6 years and 6 months.

the reference to 2 years in paragraph (2)(c) and (e) is each replaced with a reference to 2 years and 6 months; and

the reference to 5 years in paragraph (2)(d) (in relation to the completion of the housing development) and (f) is each replaced with a reference to 5 years and 6 months.

the trustee ensures that the qualifying developer complies with paragraph (2)(a) to (g);

the trustee provides to the Commissioner on the date of execution of the instrument or by such later date as the Commissioner may permit in any particular case, a written undertaking to comply with the condition in sub-paragraph (a).

in the case of an instrument that is a conveyance, assignment or transfer to a qualifying developer or a trustee for a qualifying developer which is preceded by a contract or agreement for the sale of the residential property to the qualifying developer or the trustee (as the case may be), the date of the execution of the contract or agreement;

in the case of an instrument that is a conveyance, assignment or transfer to a qualifying developer which is preceded by a conveyance direction directing the conveyance or transfer of the residential property to the qualifying developer —

if duty is remitted under rule 4 on a contract or agreement for the sale of the residential property to the company which made the conveyance direction, the date of the execution of that contract or agreement; or

if duty is not remitted under rule 4 on such contract or agreement, the date of the execution of the conveyance direction;

in the case of an instrument that is a conveyance direction —

if duty is remitted under rule 4 on a contract or agreement for the sale of the residential property to the company which made the conveyance direction, the date of the execution of that contract or agreement; or

if duty is not remitted under rule 4 on such contract or agreement, the date of the execution of the conveyance direction;

in the case of an instrument for the conveyance to a qualifying developer or a trustee for a qualifying developer of residential property that is the subject of a State lease for a definite term —

comprising an extension of the term of the leasehold estate in the State lease of which the same qualifying developer or trustee (as the case may be) is lessee, but not an extension in pursuance of an option contained in the State lease; and

executed before the expiry of that term,where duty is remitted under this rule or rule 4 on the State lease, the date of execution of the State lease.