Singapore legislation
Regulation 4
of Residential Property (Oxley Spinel Pte. Ltd. — Exemption) Notification 2020
Regulation 4
Exemption from need for approval for rezoned land
Section 28A of the Act does not apply to Oxley Spinel Pte. Ltd., in relation to vacant land (whether or not with a vacant or disused building or structure on the land) that —
(a)
is owned by Oxley Spinel Pte. Ltd. on or after 20 October 2020; and
(b)
is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by Oxley Spinel Pte. Ltd. as residential property for profit.