Regulation 1
Citation and commencement
This Notification is the Residential Property (Yanlord Land Group Limited — Exemption) Notification 2021 and comes into operation on 5 March 2021.
/akn/sg/act/sub_leg/1976/RPA-S145-2021
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Residential Property (Yanlord Land Group Limited — Exemption) Notification 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation RPA-S145-2021 1976, currently marked in force and first recorded in 1976.
Citation and commencement
This Notification is the Residential Property (Yanlord Land Group Limited — Exemption) Notification 2021 and comes into operation on 5 March 2021.
Exemption from need for approval to become converted entity
Section 9 of the Act does not apply to Yanlord Land Group Limited, in relation to any residential property that —
is not non‑restricted residential property;
is vested in Yanlord Land Group Limited immediately before its conversion into a converted entity before, on or after 5 March 2021; and
is intended for the purposes of development as residential property and with the ultimate purpose of sale or disposal by Yanlord Land Group Limited as residential property for profit, after its conversion into a converted entity.
Exemption from need for approval to change existing use
Section 28 of the Act does not apply to Yanlord Land Group Limited, in relation to land that —
is acquired, owned or purchased by Yanlord Land Group Limited on or after 5 March 2021; and
is intended for purposes of change of use to and development as residential property and with the ultimate purpose of sale or disposal by Yanlord Land Group Limited as residential property for profit.
Exemption from need for approval for rezoned land
Section 28A of the Act does not apply to Yanlord Land Group Limited, in relation to vacant land (whether or not with a vacant or disused building or structure on the land) that —
is owned by Yanlord Land Group Limited on or after 5 March 2021; and
is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by Yanlord Land Group Limited as residential property for profit.
Exemption from need for housing developer’s approval
Subject to sub‑paragraph (2), section 31 of the Act does not apply to Yanlord Land Group Limited.
Despite sub‑paragraph (1), section 31(1) and (4) of the Act continues to apply to Yanlord Land Group Limited in relation to the retention of a dwelling‑house that is a landed dwelling‑house.
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).
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 Yanlord Land Group Limited.