Singapore legislation
Regulation 2
of Residential Property (Oxley Holdings Limited — Exemption) Notification 2020
Regulation 2
Exemption from need for approval to become converted entity
Section 9 of the Act does not apply to Oxley Holdings Limited, in relation to any residential property that —
(a)
is not non‑restricted residential property;
(b)
is vested in Oxley Holdings Limited immediately before its conversion into a converted entity before, on or after 20 October 2020; and
(c)
is intended for the purposes of development as residential property and with the ultimate purpose of sale or disposal by Oxley Holdings Limited as residential property for profit, after its conversion into a converted entity.