Singapore legislation

Clause 20

of Residential Property (Amendment) Bill

Clause 20

Amendment of section 27

Section 27 of the principal Act is amended —

(a)

by deleting the words “or 26” in subsection (1)(a) and substituting the words “, 26 or 31”;

(b)

by inserting, immediately after the words “residential property” in subsection (1)(a), the words “that is not non-restricted residential property”;

(c)

by deleting the word “or” at the end of subsection (1)(b);

(d)

by deleting paragraph (c) of subsection (1) and substituting the following paragraphs:“(c)granted his approval under section 28 to any foreign person for a change of use of any land owned by that foreign person; or

(d)

granted his approval under section 28A to any foreign person for the development of any land,”;

(e)

by deleting the words “records of the Registrar of Titles or the Registrar of Deeds” in subsection (2) and substituting the words “relevant records in the Land Titles Registry or the Registry of Deeds of the Authority”;

(f)

by deleting subsection (3) and substituting the following subsection:“(3) Where a person who has been directed under subsection (1) to dispose of his estate or interest in any residential property or land fails to satisfy the Controller that he has transferred his estate or interest within the period specified in subsection (1) or within any further period extended by the Minister, the Minister may issue to the Controller a notice to attach and sell the estate or interest in that residential property or land, and a copy of that notice shall be served on —

(a)

the owner of the residential property or land; and

(b)

each subsisting mortgagee or chargee (if any) who appears as such in the relevant records in the Land Titles Registry or the Registry of Deeds of the Authority, as the case may be.”; and

(g)

by deleting subsection (4).

Clause 20 — Residential Property (Amendment) Bill | laws.sg