To facilitate the transition to CORENET X, licensed housing developers of private residential projects submitted through CORENET X are eligible for a 6-month extension to their ABSD (HD) remission commencement, completion, and sale timelines, if all of the following criteria are met:
The project entirely undergoes the CORENET X approval process for building works (i.e. submit and secure clearance for Design and Construction Gateways);
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The first submission (at Design Gateway) is made no later than:
30 Sep 2026 if the project has a total GFA of 30,000 sqm or more, or
30 Sep 2027 if the project has a total GFA of less than 30,000 sqm; and
The project has a minimum of 6 months left of its 2-year commencement timeline, at the point when the first submission (at Design Gateway) is made under the CORENET X approval process for building works.
This is a time-limited extension and industry should actively work towards familiarising themselves with the new processes.
Other information on ABSD remission can also be found at www.iras.gov.sg.