Singapore legislation
Regulation 2
Regulation 2
Definitions
In these Regulations —[Deleted by S 237/2007 wef 11/06/2007]“residential property” means any house or flat in Singapore which is permitted to be used under any written law as a dwelling-house, and includes any such house or flat which is in the course of being constructed;“required cash amount” means the difference between the purchase price of a residential property and the relevant amount under Notice to Banks 632 issued by the Authority under section 55 of the Act, in respect of which a purchaser of the residential property would not be able to obtain a credit facility from a bank by virtue of that Notice.
Definition
“residential property” means any house or flat in Singapore which is permitted to be used under any written law as a dwelling-house, and includes any such house or flat which is in the course of being constructed;
Definition
“required cash amount” means the difference between the purchase price of a residential property and the relevant amount under Notice to Banks 632 issued by the Authority under section 55 of the Act, in respect of which a purchaser of the residential property would not be able to obtain a credit facility from a bank by virtue of that Notice.