Letter of Undertaking for ABSD Remission: housing development with 4 or fewer residential units
This is the written undertaking a non-licensed housing developer gives the Commissioner of Stamp Duties to claim remission of Additional Buyer’s Stamp Duty on a site being developed into four or fewer units of housing accommodation. Download the official PDF below.
This is the genuine IRAS PDF, unmodified. Source: IRAS official page.
What is ABSD Housing Developer Undertaking (4 or fewer units)?
When a developer acquires a residential site, Additional Buyer’s Stamp Duty applies. Remission can be claimed where the site is developed and the resulting homes are sold within set deadlines. This letter is the written undertaking required for that remission, given under rule 3(2)(e) of the Stamp Duties (Non-Licensed Housing Developers) (Remission of ABSD) Rules 2015.
A director signs on behalf of the company and promises to commence housing development on the site within two years of the Transaction Date, and to complete the development of four or fewer units and sell all of them within three years of the Transaction Date. The Transaction Date is the date of the contract or agreement to purchase the site, or the Transfer, whichever is earlier, or the date of a Collective Sale Order where that applies.
Who files ABSD Housing Developer Undertaking (4 or fewer units)?
- Non-licensed housing developers acquiring a site for four or fewer units of housing accommodation
- Company directors signing the undertaking on behalf of the acquiring entity
- Conveyancing lawyers preparing an ABSD remission claim for a small development
- Developers who need to record the commencement, completion and sale deadlines they are committing to
How to fill out ABSD Housing Developer Undertaking (4 or fewer units)
- Fill in the date and the property address or land details of the site in the heading.
- Enter the name of the signing director, their NRIC, FIN or passport number, and the company name in the undertaking paragraph.
- Check the commitments carefully: commencement within two years of the Transaction Date, and completion of four or fewer units plus sale of all of them within three years.
- Note the evidence you will have to file with IRAS later, including proof of commencement, the Temporary Occupation Permit or Certificate of Statutory Completion, and a list of sold and unsold units where any remain unsold.
- Sign the letter with the signatory name and designation and address it to the Commissioner of Stamp Duties, Inland Revenue Authority of Singapore, 55 Newton Road, Revenue House, Singapore 307987.
Get ABSD Housing Developer Undertaking (4 or fewer units)
IRAS publishes ABSD Housing Developer Undertaking (4 or fewer units) as a flat PDF with no built-in form fields, so there is no quick-fill form here. Open it in the editor to type directly onto the pages, tick boxes and sign, or download the official blank and complete it in your PDF reader or by hand.
Frequently asked questions
What happens if the deadlines are missed?
The undertaking commits the company to pay the Commissioner an amount equal to the ABSD remitted, as a debt due to the Singapore Government, together with interest at 5 percent per annum running from 14 days after the Transaction Date. Payment is due within one month of the Commissioner serving notice.
Which undertaking do I use for a larger development?
Use the letter of undertaking for developments of five or more units instead. It runs on a longer timeline and has a different clawback calculation tied to the proportion of units sold.
What counts as proof of commencement?
The letter lists the Written Permission issued by URA, the permit to commence structural works from the Building and Construction Authority, and a declaration from an architect or professional engineer stating the date piling, foundation or demolition works began.