Regulation 2
Exemption from need for approval to become converted entity
of Residential Property (Tanglin R.E. Holdings Pte. Ltd. — Exemption) Notification 2022
Subsidiary LegislationIn forceProvision 2 of 6
Regulation 2
Section 9 of the Act does not apply to Tanglin R.E. Holdings Pte. Ltd. (called in this Notification the relevant company), in relation to any residential property that —
(a)
is not non-restricted residential property;
(b)
is vested in the relevant company immediately before its conversion into a converted entity before, on or after 20 July 2022; and
(c)
is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by the relevant company as residential property for profit, after its conversion into a converted entity.