Singapore legislation
Regulation 5
of Central Provident Fund (Approved HDB-HUDC Housing Scheme) Regulations 1987
Regulation 5
Disbursements in connection with purchase, etc.
Subregulation 1
Where a member is required to pay any stamp duties, fees or other charges in connection with —
the purchase of a property by the member, whether or not moneys were withdrawn under these Regulations for such purchase;
any change in the manner of holding of a property (in which the member has an estate or interest) from a joint tenancy to a tenancy in common, or vice versa;
the transfer of any part (but not the whole) of the member’s estate or interest in a property to any other person;
the transfer or assignment of a property to the member;
the creation of any mortgage before 16 November 1998 or the discharge of such mortgage on a property purchased by, or transferred or assigned to, the member; or
the withdrawal of moneys under these Regulations,the Board may, on the application of the member and subject to such terms and conditions as the Board may impose, authorise the whole or part of the amount standing to the member’s credit in the Fund to be withdrawn and used for that purpose.
Subregulation 2
To avoid doubt, where a member is required to pay any stamp duties, fees or other charges in connection with —
any divestment, whether by sale, transfer, assignment or otherwise, by the member of the whole of his or her interest or title in a property; or
the discharge of any mortgage created before, on or after 16 November 1998 on a property upon divestment by the member of the whole of his or her interest in such property,no amount standing to the member’s credit in the Fund is to be withdrawn for that purpose.