Regulation 2
Exemption from need for approval to become converted entity
of Residential Property (UOL Venture Investments Pte. Ltd. — Exemption) Notification 2023
Subsidiary LegislationIn forceProvision 2 of 6
Regulation 2
Section 9 of the Act does not apply to UOL Venture Investments 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 26 September 2023; 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.