Singapore legislation
Regulation 14
of Central Provident Fund (Residential Properties Scheme) Regulations 1982
Regulation 14
Total amount to be withdrawn in other circumstances
Subregulation 1
The total amount of money which a member may withdraw under these Regulations for any one or all the purposes specified in paragraph (2) must not exceed 100% of the value of the residential property as assessed by the Board at the date of —
the signing of the agreement for the purchase or acquisition of the residential property; or
the inheritance of the residential property,as the case may be.
Subregulation 2
The purposes mentioned in paragraph (1) are —
to make full or partial payment towards the purchase or acquisition of a residential property;
to make periodic payments towards the repayment of a housing loan or to make full or partial repayment of a housing loan; or
to finance the construction of a dwelling house on any land purchased or acquired by or inherited by the member.
Subregulation 3
In this regulation, the date of the inheritance of the residential property inherited by a member means the date on which the legal title to the property is transferred under intestacy law or a deceased person’s will to the member.