Singapore legislation
Regulation 5A
of Central Provident Fund (Non-Residential Properties Scheme) Regulations 1986
Regulation 5A
Withdrawal for payment upon transfer (other than by way of sale) of property
Subregulation 1
Where a member (called in this paragraph the transferor), being a joint‑owner of a property, will or is required to transfer (other than by way of sale) the member’s estate or interest in the property to another member (called in this paragraph the transferee), also being a joint‑owner of the property, the transferee may apply to the Board to withdraw the whole or any part of the amount standing to the transferee’s credit in the Fund for the payment of any amount which the transferor is required, under these Regulations, to pay to the transferor’s account in the Fund upon the transfer.
Subregulation 2
The Board may approve an application under paragraph (1) subject to such terms and conditions as it may impose.