Singapore legislation
Regulation 6
of Housing and Development (Design-Build-and-Sell Scheme — Form of Contract) Rules
Regulation 6
Assignment by purchaser
Subregulation 1
No purchaser of a DBSS flat shall assign to another all his rights, title and interest under an agreement made between him and the approved developer for the sale and purchase of the DBSS flat unless the purchaser has obtained the prior written approval of the Board.
Subregulation 2
Subject to paragraph (1), where a purchaser of a DBSS flat intends to assign to another all his rights, title and interest under an agreement made between him and the approved developer for the sale and purchase of the DBSS flat, the approved developer shall enter into a new agreement for the sale and purchase of the DBSS flat with the assignee in Form B in the Schedule, or in Form B as amended under rule 5; and rule 4 shall apply.
Subregulation 3
The approved developer shall be entitled —
to impose on the assignee a fee not exceeding $200 (exclusive of goods and services tax) and to require the assignee to reimburse him up to the amount of $200 for costs payable by the approved developer to his solicitor; and
to impose on the purchaser or the assignee or both such other terms and conditions as may be approved by the Board in connection with the approved developer entering into a new agreement for the sale and purchase of the DBSS flat.