/akn/sg/act/sub_leg/1976/RPA-S208-2024

Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024

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

Quick answer

About this subsidiary legislation

Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation RPA-S208-2024 1976, currently marked in force and first recorded in 1976.

Regulation 1

Citation and commencement

This Notification is the Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 and comes into operation on 14 March 2024.

Regulation 2

Exemption from need for approval to become converted entity

Section 9 of the Act does not apply to USB Holdings Pte. Ltd. (called in this Notification the relevant company), in relation to any residential property that —

(a)

is not non‑restricted residential property;

(b)

is vested in the relevant company immediately before its conversion into a converted entity before, on or after 14 March 2024; and

(c)

is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by the relevant company 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 the relevant company, in relation to land that —

(a)

is acquired, owned or purchased by the relevant company on or after 14 March 2024; and

(b)

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

Regulation 4

Exemption from need for approval for rezoned land

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

(a)

is owned by the relevant company on or after 14 March 2024; and

(b)

is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by the relevant company 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 the relevant company.

Subregulation 2

Despite sub‑paragraph (1), section 31(1) and (4) of the Act continues to apply to the relevant company 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 1967.

Regulation 6

Conditions of exemption

The exemptions in this Notification are subject to the conditions specified in the Schedule.

Common questions

What is Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024?: Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation RPA-S208-2024 1976, currently marked in force and first recorded in 1976.
Is Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 still in force?: Yes — Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 is currently in force.
When did Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 take effect?: Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 was first recorded in 1976.
How many regulations does Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 have?: Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 contains 6 regulations.
Where can I read the official version of Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024?: The official text of Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024 is published at sso.agc.gov.sg.