Conditions for Remission
- For the acquisition of an HDB flat or a new EC unit, ABSD is fully remitted if the acquirer/ purchaser or any of the joint acquirers/ purchasers is a Singapore Citizen.
- For the acquisition of an HDB flat by Singapore Permanent Residents (SPRs), the remission is granted such that lower ABSD rate of 5% is payable.
- For the acquisition of a replacement HDB flat by SPRs whose original flat was acquired by HDB under the Selective En-Bloc Redevelopment Scheme (SERS), ABSD is fully remitted.
- For the acquisition of the recess area directly from HDB under the Sale of Recess Area Scheme administered by HDB, ABSD is fully remitted. This remission of ABSD on acquisition of HDB recess area takes effect on or after 18 Jan 2016.
Link to legislation
Please click here to access the remission rules.