Singapore legislation
Clause 26
Clause 26
Amendment of section 32
Section 32 of the principal Act is amended by deleting subsections (2) and (2A) and substituting the following subsections:“(2) Where the Minister revokes any regulation or notification made under this section (whether made before, on or after the date of commencement of section 26 of the Residential Property (Amendment) Act 2006), he may give directions in writing to any person affected by the revocation, being an owner of residential property that is not non-restricted residential property, to transfer all his or its estate or interest in all or any of such residential property to any citizen or approved purchaser within such period as the Minister may specify.(2A) Where the person directed under subsection (2) does not satisfy the Minister that he has complied with the direction within the time specified in the direction or any extension thereof allowed by the Minister, the Minister may issue to the Controller a notice to attach and sell the estate or interest in the residential property.(2B) The notice to attach and sell referred to in subsection (2A) shall specify the residential property to be attached and sold by the Controller, and a copy of that notice shall also be served on —
the foreign person who is the owner of the estate or interest in the residential property to be attached and sold; and
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.”.