Singapore legislation
Regulation 2
of Central Provident Fund (Approved HDB-HUDC Housing Scheme) Regulations 1987
Regulation 2
Definitions
Subregulation 1
In these Regulations —
Definition
“Approved HDB-HUDC Housing Scheme” means the scheme approved by the Minister for the purchase of properties by members of the Fund from the Housing and Development Board or from its lessees;
Definition
“approved mortgagee” means —
the Minister for Finance incorporated under the Minister for Finance (Incorporation) Act 1959;
any statutory body established by or constituted under any Act; or
Credit POSB Pte. Ltd., a company incorporated under the Companies Act 1967;
Definition
“housing loan” means a loan obtained by any member on the security of a property from an approved mortgagee to pay the whole or part of the purchase price of the property;
Definition
“mortgage” includes any charge on a property to secure the repayment of any money lent;
Definition
“property” means a house or flat in any HUDC Housing Estate which is sold by the Housing and Development Board or by its lessee, and includes any land adjacent to the house or flat that the Housing and Development Board has approved for purchase or acquisition as part of the house or flat, but does not include a house or flat in Phase I or Phase II of such Estate or a house or flat in such Estate sold after the issue of a subsidiary strata certificate of title in respect of it pursuant to an application under section 126 of the Land Titles (Strata) Act 1967.
Subregulation 2
A reference in these Regulations to the purchase of a property includes a purchase made under an agreement for the sale and purchase of the property where title to the property will be conveyed, transferred or assigned to the purchaser on payment of the full purchase price.