Clause 23

affect any transfer of, or any written agreement to transfer, any estate or interest in any residential property made and stamped in accordance with the provisions of the Stamp Act (Cap. 147) at any time before the date of the coming into operation of this Act ;

prohibit the mortgage, charge or reconveyance of any estate or interest in any residential property to a foreign person;

affect any transfer of any estate or interest in any residential property to a foreign person appointed to be an additional or new trustee of a trust existing at the date of the coming into operation of this Act;

prevent a foreign person from occupying residential property as a tenant thereof or from entering into any agreement, whether in writing or otherwise, with the landlord thereof for the occupation of residential property:Provided that any such agreement shall not exceed a term of seven years at any one time;

apply to any person who purchases or acquires by way of tender or otherwise from the Urban Redevelopment Authority constituted under the Urban Redevelopment Authority Act, 1973 (Act 65 of 1973), any estate or interest in any residential property;

prevent any permanent resident, being married to a citizen, from jointly purchasing or acquiring an estate or interest in a flat or house sold under the provisions of Part IV of the Housing and Development Act (Cap. 271) so long as the Housing and Development Board has given its written consent to such purchase or acquisition; and any such estate or interest in that flat or house may, with the written consent of the Board, be transmitted on the death of both the joint owners to such of their children as are permanent residents; or

apply to any person who purchases or acquires directly from the Government any estate or interest in any residential property.