Singapore legislation
Regulation 19
Regulation 19
Prescribed relevant transaction under section 21E(1) of Act
Subregulation 1
Each of the following is prescribed as a relevant transaction for the purposes of paragraph (b) of the definition of “relevant transaction” in section 21E(1) of the Act:
the sale, transfer, assignment or disposal of only part (but not the whole) of a member’s estate or interest in an immovable property or HDB flat;
the reduction of the term of the lease of an HDB flat pursuant to an agreement entered into between a member (who is the lessee of the HDB flat) and the Housing and Development Board under the Lease Buyback Scheme.
Subregulation 2
In this regulation, “Lease Buyback Scheme” has the meaning given by regulation 2 of the Central Provident Fund (Residential Properties Scheme) Regulations 1982.