Clause 21

by deleting subsections (1), (2), (3) and (4) thereof and substituting therefor the following: —“(1) No person shall be entitled to purchase any flat, house or other building sold subject to the provisions of this Part if such person, his spouse or any authorised occupier —

is the owner of any other flat, house, building or land or has an estate or interest therein; or

has, at any time within thirty months immediately prior to the date of making an application to the Corporation to purchase the same, sold any flat, house, building or land of which he was the owner, or divested himself of any interest therein.(2) Where a person purchases a flat, house or other building in contravention of the provisions of subsection (1) of this section, he shall not present for registration under the provisions of the Registration of Deeds Act (Cap. 281) or the Land Titles Act (Cap. 276) the assurance of the flat, house or other building. The Corporation shall on discovery of such a purchase —

serve a written notice upon the purchaser of the flat, house or other building of its intention to lodge with the Registrar of Deeds or the Registrar of Titles, as the case may be, an instrument for the vesting in the Corporation of the title to or the estate or interest in that flat, house or other building; or

where no lease has been registered in favour of the purchaser, serve a written notice of the Corporation’s intention to terminate the agreement for a lease and to reenter upon the flat, house or other building or part thereof in the name of the whole and thereupon any interest of the purchaser shall absolutely determine.(3) The purchaser may, within fourteen days after the service of the notice given pursuant to subsection (2) of this section, appeal to the Minister whose decision thereon shall be final and shall not be questioned in any court.(4) Where an appeal has been made to the Minister pursuant to subsection (3) of this section, the Corporation shall not proceed to vest the title to or the estate or interest in the flat, house or other building in itself, or to re-possess the flat, house or other building, until the appeal has been disposed of or withdrawn.”;

by inserting immediately after the words “Registrar of Titles” appearing in subsection (5) thereof the expression “, as the case may be,”; and

by inserting immediately after subsection (6) thereof the following new subsections: —“(7) The Corporation may in its discretion forfeit any monies paid or deposited in respect of the purchase of any flat, house or other building from the Corporation if the Corporation discovers that the person who has purchased or seeks to purchase the flat, house or other building in contravention of the provisions of subsection (1) of this section.(8) The Corporation may in its discretion exempt any person or class of persons from all or any of the provisions of this section.”.