Residential Property Act
(Chapter 274, Section 32(2))
Residential Property (Variation of Exemption No. 1/1987) Notification
N 12
G.N. No. S 205/2000

REVISED EDITION 2002
(31st January 2002)
[31st January 2002]
Citation
1.  This Notification may be cited as the Residential Property (Variation of Exemption No. 1/1987) Notification.
Variation of conditions
2.  The conditions imposed by the Minister on DBS Land Limited as set out in Document (28) E125 dated 21st September 1987 are hereby varied as set out in Document (28) E125 [Variation No. 1/1987] dated 12th April 2000.
 
Document (28) E125
 
[Variation of Exemption No. 1/1987]
 
 
RESIDENTIAL PROPERTY ACT
(CHAPTER 274)
Conditions imposed by the Minister for Law on DBS Land Limited varying conditions as set out in Document (28) E125 pursuant to section 32(2) of the Residential Property Act
(a)the exemption granted to DBS Land Limited shall be revoked if at any time the total voting rights attributable to the share capital of DBS Land Limited held by Singapore citizens and residents within the meaning of the Income Tax Act (Cap. 134) and who pay tax under that Act, falls below fifty percent;
(b)DBS Land Limited shall file with the Controller of Residential Property a statutory declaration made by its director or secretary once every consecutive year [on or before the 1st day of July as from 2000] furnishing the percentage of share capital held by Singapore citizens and residents within the meaning of the Income Tax Act and who pay income tax under that Act
Dated this 12th day of April 2000.
 
 
 
 
(Ms) FOO TUAT YIEN
 
 
Controller of Residential Property.
[G.N. No. S 205/2000]