Order of priority
4.  The compensation referred to in regulation 3 shall be paid according to the following order of priority:
(a)all amounts payable by the purchaser to the Comptroller of Property Tax in respect of the housing accommodation;
(b)all amounts due to the developer in respect of the housing accommodation pursuant to the agreement for sale and purchase of the housing accommodation;
(c)the administrative and legal costs reasonably incurred by the Board in connection with the sale of the housing accommodation subsequent to the vesting in the Board or compulsory acquisition of the housing accommodation, as the case may be;
(d)the amount withdrawn from the Fund up to 80% of the value of the housing accommodation as assessed by the Central Provident Fund Board and all amounts withdrawn from the Fund for the payment of any stamp duties, fees and other charges in connection with the purchase of the housing accommodation, the creation or discharge of any statutory charge or mortgage on the housing accommodation, or the withdrawal of moneys from the Fund;
(e)
(i)the amount withdrawn from the Fund up to 20% of the value of the housing accommodation as assessed by the Central Provident Fund Board; and
(ii)the amount of any mortgagee’s principal housing loan outstanding including interest thereon calculated up to the date of the Minister’s refusal under section 8(1) of the Act or the date of the Minister’s direction under section 9(1) of the Act, as the case may be, less all repayments and payments made on or after such date towards the principal housing loan or interest thereon,
both to rank pari passu;
(f)
(i)the amount withdrawn from the Fund in excess of the valuation of the housing accommodation as assessed by the Central Provident Fund Board;
(ii)the interest payable by the purchaser to the Central Provident Fund Board under the statutory charge; and
(iii)any interest due to the mortgagees in excess of the interest referred to in paragraph (e)(ii),
all to rank pari passu; and
(g)
(i)any costs reasonably incurred by the Central Provident Fund Board; and
(ii)any costs reasonably incurred by the mortgagees,
both to rank pari passu.