Regulation 1
Citation and commencement
This Order may be cited as the Estate Agents (Land Banking) (Exemption) Order 2010 and shall come into operation on 20th December 2010.
/akn/sg/act/sub_leg/2010/EAA-S775-2010
Estate Agents (Land Banking) (Exemption) Order 2010
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2010
- Sections
- 3
Quick answer
About this subsidiary legislation
Estate Agents (Land Banking) (Exemption) Order 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation EAA-S775-2010 2010, currently marked in force and first recorded in 2010.
Regulation 2
Definition
In this Order, “fractional interest”, in relation to land, means an undivided or a sub-divided interest in the land, and does not include the whole or entire interest in the land.
Regulation 3
Exemption
Parts III and IV of the Estate Agents Act 2010 and the Estate Agents (Estate Agency Work) Regulations 2010 (G.N. No. S 644/2010) shall not apply to any person who performs estate agency work solely in relation to the sale or purchase of fractional interests in land under terms which provide that —
(a)
the value of the land was, is or will be sought to be increased, by way of planning approval, development approval or change of use, to increase the value of the land for the purpose of profit realisation;
(b)
the purchaser of a fractional interest shall not by himself be entitled to use or occupy all or any part of the land; and
(c)
the purchase of the fractional interest is for the purpose of investment or future resale for profit, and not for use or occupation by the purchaser.
Common questions
- What is Estate Agents (Land Banking) (Exemption) Order 2010?
- Estate Agents (Land Banking) (Exemption) Order 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation EAA-S775-2010 2010, currently marked in force and first recorded in 2010.
- Is Estate Agents (Land Banking) (Exemption) Order 2010 still in force?
- Yes — Estate Agents (Land Banking) (Exemption) Order 2010 is currently in force.
- When did Estate Agents (Land Banking) (Exemption) Order 2010 take effect?
- Estate Agents (Land Banking) (Exemption) Order 2010 was first recorded in 2010.
- How many regulations does Estate Agents (Land Banking) (Exemption) Order 2010 have?
- Estate Agents (Land Banking) (Exemption) Order 2010 contains 3 regulations.
- Where can I read the official version of Estate Agents (Land Banking) (Exemption) Order 2010?
- The official text of Estate Agents (Land Banking) (Exemption) Order 2010 is published at sso.agc.gov.sg.