5. Amendment of paragraph 5

In the principal Notification, in paragraph 5 —

(a)

in sub‑paragraph (1), after “purchase of a new property”, insert “before 5 December 2025”;

(b)

in sub‑paragraph (1)(b), after “(if any),”, insert “on the date of the application to purchase the new property,”;

(c)

after sub‑paragraph (1), insert —“(1A) A person is exempted from section 50(1)(a) of the Act, in relation to his or her purchase of a new property on or after 5 December 2025, if all of the following conditions are satisfied:

(a)

the new property is —

(i)

a Short Lease 2‑room Flexi flat; or

(ii)

a Community Care Apartment;

(b)

the person and his or her spouse (if any), on the date of the application to purchase the new property, have both attained —

(i)

in the case of a Short Lease 2‑room Flexi flat — 55 years of age;

(ii)

in the case of an application to purchase a Community Care Apartment made before 1 November 2026 — 65 years of age; or

(iii)

in the case of an application to purchase a Community Care Apartment made on or after 1 November 2026 — 55 years of age;

(c)

the person, his or her spouse or any authorised occupier owns or has an estate or interest in no more than one non‑residential property;

(d)

if the person, his or her spouse or any authorised occupier owns or has an estate or interest in any residential property —

(i)

the owner of that residential property undertakes to sell or divest himself or herself of any interest in that residential property within 6 months after the date of taking possession of the new property; and

(ii)

the owner of that residential property sells or divests himself or herself of the interest in that residential property within 6 months after the date of taking possession of the new property.”;

(d)

in sub‑paragraph (2), replace sub‑paragraph (b) with —“(b)the person and his or her spouse (if any), on the date of the application to purchase the new property, have both attained —

(i)

in the case of a Short Lease 2‑room Flexi flat — 55 years of age;

(ii)

in the case of an application to purchase a Community Care Apartment made before 1 November 2026 — 65 years of age; or

(iii)

in the case of an application to purchase a Community Care Apartment made on or after 1 November 2026 — 55 years of age.”;

(e)

in sub‑paragraph (3), in the definition of “Community Care Apartment”, replace “35 years” with “45 years”; and

(f)

after sub‑paragraph (3), insert —“(4) In sub‑paragraph (1), a reference to a non‑residential property does not include any commercial property mentioned in section 50(11) of the Act (as in force before 5 December 2025).”.