Clause 14

by deleting paragraph (a) and substituting the following paragraph: —“(a)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 Duties Act (Cap. 147) at any time before the 11th day of September 1973; or

any HUDC flat made and stamped in accordance with the provisions of the Stamp Duties Act before the 31st day of May 1982, if the transfer or the agreement to transfer is not made in contravention of any covenant or condition contained in the instrument of lease issued by the Housing and Urban Development Company (Private) Limited in respect of the HUDC flat;”; and

by deleting paragraphs (e), (f) and (g) and substituting the following paragraphs: —“(e)prohibit the purchase or acquisition by a foreign person of any estate or interest in any residential property by way of tender or otherwise from the Urban Redevelopment Authority constituted under the Urban Redevelopment Authority Act, 1973 (Act 65 of 1973);

prohibit the purchase or acquisition by any foreign person of an estate or interest in any residential property directly from the Housing and Development Board sold under Part IV of the Housing and Development Act (Cap. 271) before or after the commencement of the Residential Property (Amendment) Act, 1982;

prevent any permanent resident, being a person married to a citizen, from jointly purchasing or acquiring an estate or interest in a flat or house sold under Part IV of the Housing and Development Act or Part IV of the Jurong Town Corporation Act (Cap. 209) so long as the Housing and Development Board or the Jurong Town Corporation 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 or the Corporation, be transmitted on the death of both the joint owners to such of their children as are permanent residents;

apply to the purchase or acquisition by any foreign person of any estate or interest in any residential property directly from the Government; or

prevent any foreign person from acquiring an estate or interest in a HUDC flat or any dwelling-house sold directly by the Housing and Urban Development Company (Private) Limited before the 1st day of May 1982, notwithstanding that the instrument of transfer may be executed by the Housing and Development Board after the date.”.