Singapore legislation
Regulation 2
of Central Provident Fund (Approved Housing Schemes) Regulations 1986
Regulation 2
Definitions
Subregulation 1
In these Regulations —
Definition
“approved developer” has the meaning given by Part 4B of the Housing and Development Act 1959;
Definition
“approved housing scheme” means any scheme approved by the Minister for the purchase or acquisition of houses or flats by members of the Fund;
Definition
“continued section 21B(1) charge” means a continued charge constituted under section 21C(1)(d) of the Act, where the relevant charge mentioned in section 21C(1)(a) of the Act in relation to the continued charge is —
a charge under section 21B(1) of the Act; or
another continued section 21B(1) charge;
Definition
“deferred resale levy” means any resale levy imposed by the Housing and Development Board in respect of the sale, transfer, assignment or disposition of an HDB flat or executive condominium, the payment of which is deferred by the Housing and Development Board until the person on whom the resale levy is imposed makes a subsequent purchase of an HDB flat, in a particular case or class of cases allowed by the Housing and Development Board;
Definition
“executive condominium” means any housing accommodation under the executive condominium scheme established under the Executive Condominium Housing Scheme Act 1996;
Definition
“flat” includes a studio apartment, and any land adjacent to a flat that the Housing and Development Board has approved for purchase or acquisition as part of the flat;
Definition
“HDB flat” means a house or flat sold, transferred, assigned or otherwise disposed of under an approved housing scheme by the Housing and Development Board, an approved developer under Part 4B of the Housing and Development Act 1959, or a lessee of the Housing and Development Board;
Definition
“house or flat” means a house or flat sold, transferred, assigned or otherwise disposed of under an approved housing scheme, by —
the Housing and Development Board;
an approved developer under Part 4B of the Housing and Development Act 1959;
the Jurong Town Corporation; or
a lessee of the Housing and Development Board or the Jurong Town Corporation;
Definition
“housing loan” means a loan obtained by a member from the Housing and Development Board, the Jurong Town Corporation or a private lender as defined in regulation 14A(10) to finance or re‑finance the purchase or acquisition of a house or flat;
Definition
“Jurong Town Corporation” means the Jurong Town Corporation established under section 3 of the Jurong Town Corporation Act 1968;
Definition
“Lease Buyback Scheme” means a scheme administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to reduce the term of the lease, in consideration of a sum of money —
which is to be paid in accordance with the terms and conditions of the scheme; and
the whole or part of which may be used for the payment of a premium for an annuity plan under the Lifelong Income Scheme established and maintained by the Board under section 27K of the Act;
Definition
“relevant transaction” has the meaning given by section 21E(1) of the Act read with regulation 19 of the Central Provident Fund Regulations 1987;
Definition
“subsidy recovery amount” has the meaning given by section 21B(11B) of the Act, read with paragraph (4);
Definition
“Town Council” means a Town Council established under the Town Councils Act 1988.
Subregulation 2
A reference in these Regulations to the purchase of a house or flat includes a purchase made under an agreement for the sale and purchase of the house or flat where title to the house or flat will be conveyed, transferred or assigned to the purchaser on payment of the full purchase price.
Subregulation 3
A reference in these Regulations to the purchase price of an HDB flat includes the amount of any deferred resale levy, and any interest accrued on the deferred resale levy, that the Housing and Development Board approves to be added to the purchase price of the HDB flat, in any particular case or class of cases approved by the Board.
Subregulation 4
In relation to the subsidy recovery amount in respect of an HDB flat, the additional subsidies specified for the purposes of section 21B(11B) of the Act are —
if the HDB flat was purchased on or after 17 November 2021 under the Prime Location Public Housing model — the subsidies with which the HDB flat was priced under that model; or
if the HDB flat was purchased on or after 16 October 2024 and is classified as a Plus or Prime flat under the New Flat Classification Framework — the subsidies with which the HDB flat was priced under that Framework.