Singapore legislation
Regulation 4
of Residential Property (USB Holdings Pte. Ltd. — Exemption) Notification 2024
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.