/akn/sg/act/sub_leg/1976/RPA-S143-2021

Residential Property (OKP Holdings Limited — Exemption) Notification 2021

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Type: Subsidiary Legislation
Status: In force
Enacted: 1976
Sections: 6

Quick answer

About this subsidiary legislation

Residential Property (OKP Holdings Limited — Exemption) Notification 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation RPA-S143-2021 1976, currently marked in force and first recorded in 1976.

Regulation 1

Citation and commencement

This Notification is the Residential Property (OKP Holdings Limited — Exemption) Notification 2021 and comes into operation on 5 March 2021.

Regulation 2

Exemption from need for approval to become converted entity

Section 9 of the Act does not apply to OKP Holdings Limited, in relation to any residential property that —

(a)

is not non‑restricted residential property;

(b)

is vested in OKP Holdings Limited immediately before its conversion into a converted entity before, on or after 5 March 2021; and

(c)

is intended for the purposes of development as residential property and with the ultimate purpose of sale or disposal by OKP Holdings Limited as residential property for profit, after its conversion into a converted entity.

Regulation 3

Exemption from need for approval to change existing use

Section 28 of the Act does not apply to OKP Holdings Limited, in relation to land that —

(a)

is acquired, owned or purchased by OKP Holdings Limited on or after 5 March 2021; and

(b)

is intended for purposes of change of use to and development as residential property and with the ultimate purpose of sale or disposal by OKP Holdings Limited as residential property for profit.

Regulation 4

Exemption from need for approval for rezoned land

Section 28A of the Act does not apply to OKP Holdings Limited, in relation to vacant land (whether or not with a vacant or disused building or structure on the land) that —

(a)

is owned by OKP Holdings Limited on or after 5 March 2021; and

(b)

is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by OKP Holdings Limited as residential property for profit.

Regulation 5

Exemption from need for housing developer’s approval

Subregulation 1

Subject to sub‑paragraph (2), section 31 of the Act does not apply to OKP Holdings Limited.

Subregulation 2

Despite sub‑paragraph (1), section 31(1) and (4) of the Act continues to apply to OKP Holdings Limited in relation to the retention of a dwelling‑house that is a landed dwelling‑house.

Subregulation 3

In this paragraph, “landed dwelling‑house” means a detached house, a semi‑detached house or a terrace house (including a linked house or a townhouse), whether or not comprised within a strata title plan registered under the Land Titles (Strata) Act (Cap. 158).

Regulation 6

Conditions of exemption

The exemptions in this Notification are subject to the conditions specified in paragraph 2 of the letter of approval dated 5 March 2021, addressed to OKP Holdings Limited.

Common questions

What is Residential Property (OKP Holdings Limited — Exemption) Notification 2021?: Residential Property (OKP Holdings Limited — Exemption) Notification 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation RPA-S143-2021 1976, currently marked in force and first recorded in 1976.
Is Residential Property (OKP Holdings Limited — Exemption) Notification 2021 still in force?: Yes — Residential Property (OKP Holdings Limited — Exemption) Notification 2021 is currently in force.
When did Residential Property (OKP Holdings Limited — Exemption) Notification 2021 take effect?: Residential Property (OKP Holdings Limited — Exemption) Notification 2021 was first recorded in 1976.
How many regulations does Residential Property (OKP Holdings Limited — Exemption) Notification 2021 have?: Residential Property (OKP Holdings Limited — Exemption) Notification 2021 contains 6 regulations.
Where can I read the official version of Residential Property (OKP Holdings Limited — Exemption) Notification 2021?: The official text of Residential Property (OKP Holdings Limited — Exemption) Notification 2021 is published at sso.agc.gov.sg.