Singapore legislation

Clause 3

of Residential Property (Amendment) Bill

Clause 3

New section 3A

The principal Act is amended by inserting, immediately after section 3, the following section: —“Flats in buildings of six levels or more, etc.3A.—

(1)

Subsection (1) of section 3 shall not prohibit the purchase or acquisition by, or a transfer to, a foreign person of any estate or interest in —

(a)

any flat, not being a HUDC flat, comprised in any building consisting of six or more levels including the ground level and any level below the ground; or

(b)

any flat or dwelling-house shown as a unit in an approved plan bearing the title “Condominium” and issued by the competent authority under the Planning Act (Cap. 279).(2) Nothing in subsection (1) shall be construed to permit a foreign person to purchase or own —

(a)

all the flats in a building consisting of six or more levels; or

(b)

all the units of a condominium development,without having obtained the approval of the Minister.”.

Read in full context — Residential Property (Amendment) Bill →