Singapore legislation
Regulation 3
of Housing and Development (Exemptions from Section 50(1) of Act) Notification 2023
Regulation 3
Exemptions relating to non‑residential property
Subregulation 1
A person is exempted from section 50(1)(a) of the Act, in relation to his or her purchase of a new property, if —
the other flat, house, building or land mentioned in section 50(1)(a) of the Act that the person, his or her spouse or any authorised occupier owns or has an estate or interest in is a non‑residential property; and
at all times during the relevant period, the person, his or her spouse and any authorised occupier do not own or have an estate or interest in more than one non‑residential property.
Subregulation 2
A person is exempted from section 50(1)(b) of the Act, in relation to his or her purchase of a new property if —
the flat, house, building or land that the person, his or her spouse or any authorised occupier sold or divested himself or herself of any interest in within the time mentioned in that provision, was a non‑residential property or a commercial property mentioned in section 50(11) of the Act; and
at the time of the sale or divestment mentioned in sub‑paragraph (a), the person, his or her spouse and any authorised occupier did not own or have an interest in any other non‑residential property.