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Setting up a Housing Development Company


Setting up a Housing Development Company | Bestar
Setting up a Housing Development Company | Bestar

Why Set up a Housing Development Company in Singapore


There are many reasons why you might want to set up a housing development company in Singapore. Here are some of the most compelling reasons:

  • Strong demand for housing. Singapore is a densely populated country with a growing population. This means that there is a strong demand for housing, both for residential and commercial purposes.

  • Favorable regulatory environment. Singapore has a favorable regulatory environment for housing development companies. The government provides a number of incentives to encourage housing development, such as tax breaks and subsidies.

  • High-quality infrastructure. Singapore has a world-class infrastructure, including a modern transportation system, reliable utilities, and a safe and secure environment. This makes it an attractive place to develop and operate a housing development company.

  • Competitive labor market. Singapore has a skilled and competitive labor market. This makes it easy to find and hire the talent you need to develop and manage your housing projects.

  • Prosperous economy. Singapore has a strong and prosperous economy. This means that there is a large pool of potential buyers for your housing projects.

Of course, there are also some challenges to setting up a housing development company in Singapore. These include:

  • High cost of land. Land is a scarce resource in Singapore, and this drives up the cost of housing development.

  • Strict regulations. The government has strict regulations on housing development. This can make it difficult and time-consuming to get projects approved.

  • Competition. There is a lot of competition in the Singapore housing market. This means that you need to be able to offer competitive prices and quality products to be successful.

Overall, the pros of setting up a housing development company in Singapore outweigh the cons. If you are looking for a country with strong demand for housing, a favorable regulatory environment, and a skilled labor market, then Singapore is a great place to start your business.


Setting up a Housing Development Company


Here are the steps on how to set up a housing development company in Singapore:

  1. Choose a business structure. You can choose to set up your company as a sole proprietorship, partnership, limited liability company (LLC), or public limited company (PLC). The most common choice for housing development companies is the LLC.

  2. Register your company with the Accounting and Corporate Regulatory Authority (ACRA). You can do this online or by mail.

  3. Obtain a housing developer's licence from the Urban Redevelopment Authority (URA). This is a mandatory requirement for any company that develops housing projects with more than four units.

  4. Open a bank account for your company. This will be used to receive payments from buyers and to pay for construction costs.

  5. Hire a team of professionals. You will need to hire a project manager, architect, engineer, and lawyers to help you with the development of your housing project.

  6. Obtain the necessary permits and approvals. You will need to obtain a building permit from the URA, as well as other permits from the relevant government agencies.

  7. Start construction. Once you have all the necessary permits and approvals, you can start construction on your housing project.

  8. Market and sell your units. You can market your units through real estate agents, online platforms, or through your own sales team.

  9. Complete construction and hand over the units to the buyers. Once construction is complete, you will need to hand over the units to the buyers and settle any outstanding payments.

Here are some of the key requirements that you have to comply with when setting up a housing development company in Singapore:

  • You must have a minimum paid-up capital of S$500,000.

  • You must have at least two directors, one of whom must be a Singapore citizen or permanent resident.

  • You must have a qualified project manager who has at least five years of experience in the construction industry.

  • You must use the standard Option to Purchase and Sale and Purchase Agreement in the sale of the units.

  • You must ensure show units erected are accurate.

  • You must open and maintain a project account for each housing project.

Apply for a Housing Developer’s Licence


To apply for a housing developer's licence in Singapore, you will need to submit the following documents to the Urban Redevelopment Authority (URA):

  • Housing Developer's Licence Application Form (HDLA). You can download the HDLA form from the URA website.

  • Company Profile. This should include information about your company's history, financials, and management team.

  • Directors' Declaration. This is a declaration from your company's directors that they are aware of the requirements of the Housing Developers' Licence (HDL) scheme and that they are willing to comply with them.

  • Architect's Certificate. This is a certificate from an architect stating that the proposed housing project is in compliance with the relevant building regulations.

  • Banker's Guarantee or Insurer's Guarantee. This is a guarantee from a bank or insurance company that will cover the cost of construction in case your company defaults on its loan.

  • Payment of Licence Fee. The licence fee for a housing developer's licence is S$10,000.

You can submit your application for a housing developer's licence online or by mail. The application process usually takes about 6 weeks.


Here are some of the key requirements for a housing developer's licence in Singapore:

  • Your company must be incorporated in Singapore.

  • Your company must have a minimum paid-up capital of S$500,000.

  • You must have at least two directors, one of whom must be a Singapore citizen or permanent resident.

  • You must have a qualified project manager who has at least five years of experience in the construction industry.

  • You must use the standard Option to Purchase and Sale and Purchase Agreement in the sale of the units.

  • You must ensure show units erected are accurate.

  • You must open and maintain a project account for each housing project.

How Bestar can Help


Bestar is a Singapore-based company that provides a range of services to housing development companies, including:

  • Company incorporation. Bestar can help you incorporate your housing development company in Singapore. They will take care of all the paperwork and ensure that your company is compliant with all the relevant regulations.

  • Housing developer's licence application. Bestar can help you apply for a housing developer's licence from the Urban Redevelopment Authority (URA). They will prepare all the necessary documents and guide you through the application process.


Bestar is a trusted partner for housing development companies in Singapore. They have a proven track record of success and can help you achieve your goals.

Here are some of the benefits of using Bestar to set up a housing development company in Singapore:


  • Expertise: Bestar has a team of experienced professionals who can help you with all aspects of setting up and running a housing development company.

  • Convenience: Bestar can take care of all the paperwork and red tape involved in setting up a housing development company. This frees you up to focus on your core business activities.

  • Cost-effectiveness: Bestar's services are very affordable. They offer a range of package options to suit your budget.

  • Peace of mind: Knowing that you have a trusted partner like Bestar to support you can give you peace of mind and allow you to focus on growing your business.

If you are considering setting up a housing development company in Singapore, use Bestar. They are a reliable and experienced provider of services to housing development companies. They can help you achieve your goals and make your business a success.



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