Housing Developers

Some of the key requirements which you have to comply with are:

Apply for a housing developer’s licence

You have to apply for a housing developer’s licence via the One-Stop Developers' Portal before commencing construction works.

There are 2 types of licences: (i) a sale licence which allows you to commence construction works and sale of units after obtaining approval from all relevant authorities, including building plan approval and (ii) a no-sale licence which allows you to commence construction works only after obtaining approval from all relevant authorities.

Download the .pdf to read the criteria for a sale and no-sale licence [PDF, 327KB].

The user guide to the eService is available here [PDF, 6.1 MB].

Use the standard Option to Purchase and Sale and Purchase Agreement in the sale of the units

You are required to use the Option to Purchase and Sale and Purchase Agreement prescribed under the Housing Developers Rules in the sale of the units. The Controller has pre-approved a list of amendments to the prescribed forms. You can adopt the pre-approved amendments [PDF, 124 KB] without seeking approval from the Controller.

If you wish to make variations to the prescribed forms other than the pre-approved amendments, you will have to seek the Controller’s approval via the One-Stop Developers' Portal.

Ensure show units erected are accurate

Show unit(s) must be erected in accordance with the Housing Developers (Show Unit) Rules.

Read the guidelines [PDF, 158 KB] for details.

Upon the completion of the show unit, you will have to submit a declaration on the show unit stating that the show units erected comply with the rules.

Open and maintain a project account for each housing project

You are required to open and maintain a Project Account with a financial institution for each project.

The deposit of purchase moneys and loans into the Project Account and withdrawals of money from the Project Account are regulated under the Housing Developers (Project Account) Rules.

Read key pointers [PDF, 268 KB].

Comply with Prevention of Money Laundering, Proliferation Financing and Terrorism Financing legislations

You are required to comply with the Housing Developers (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Rules and other relevant legislations relating to prevention of Money Laundering, Proliferation Financing and Terrorism Financing in the development and sale of the housing project.

Read "Prevention of Money Laundering, Proliferation Financing and Terrorism Financing" for details. 

Submit Audited Accounts (AA) and Auditor's Certification (AC)

You are required to submit both the AA and AC via One Stop Developers’ Portal (OSDP), within 6 months after the close of the financial year.

If you wish to apply for extension of time to submit the AA and AC, please apply via OSDP. 

The user guide to the eService is available here [PDF, 6.1 MB].

Submit information on licensed housing project

You are required to submit information on the licensed private residential and executive condominium projects, e.g. launch and sale of units, through the Developer e-Survey System (DSS)

All licensed housing developers are required to provide information via DSS whenever required by the Controller. Licensed housing developers can apply up to three user accounts for DSS.