Singapore legislation
Regulation 9
of Central Provident Fund (Approved Middle-Income Housing Scheme) Regulations 1975
Regulation 9
No sale, mortgage, etc., without Board’s permission to person other than Company
Subregulation 1
A member of the Fund who —
has withdrawn any moneys under these Regulations for the purchase of a property (including any moneys lent to that member under section 14A of the Act for the purchase of the property and withdrawn by that member which have not been repaid); or
is required under section 27C(1)(g), 27DA(1)(g), 27DB(2)(c) or 27E(1)(f) of the Act to make a payment to the Fund upon the sale or disposal of a property,must not, without the prior permission of the Board, sell, lease, transfer or assign the property to a person other than the Company.
Subregulation 2
A member of the Fund who has withdrawn any moneys under these Regulations for the purchase of a property (including any moneys lent to that member under section 14A of the Act for the purchase of the property and withdrawn by that member which have not been repaid) must not, without the prior permission of the Board, mortgage the property to, or execute a charge on the property in favour of, a person other than the Company.
Subregulation 3
Paragraphs (1) and (2) do not apply —
where the member of the Fund has died; or
where the member of the Fund is entitled to withdraw the amount standing to the member’s credit in the Fund under section 15(2)(b) of the Act or a former provision, and the Board has given its authority under section 15(1) of the Act for such withdrawal.