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No. S 643

Housing and Development Act

(Chapter 129)

Housing and Development (Conveyancing Fees) (Amendment) Rules 2002

In exercise of the powers conferred by section 65(1)(g) of the Housing and Development Act, the Minister for National Development hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Housing and Development (Conveyancing Fees) (Amendment) Rules 2002 and shall come into operation on 1st January 2003.

Amendment of Schedule

2. The Schedule to the Housing and Development (Conveyancing Fees) Rules (R 2) is amended —

(a)

by deleting item 1 and substituting the following items:

1. Sale of flat by the Board, together with mortgage of such flat to the Board

First $30,000 @ 9.0 c. per $100 or part thereof

Next $30,000 @ 7.2 c. per $100 or part thereof

Thereafter @ 6.0 c. per $100 or part thereof

There shall be a minimum fee of $20.

1A. Sale of flat by the Board

First $30,000 @ 9.0 c. per $100 or part thereof

Next $30,00 @ 7.2 c. per $100 or part thereof

Thereafter @ 6.0 c. per $100 or part thereof

There shall be a minimum fee of $20.

1B. Mortgage of flat to a lender other than the Board

First $30,000 @ 9.0 c. per $100 or part thereof

Next $30,000 @ 7.2 c. per $100 or part thereof

Thereafter @ 6.0 c. per $100 or part thereof

There shall be a minimum fee of $20.

(b)

by deleting item 3 under the heading “Types of transactions for HDB, HDB Executive and HUDC flats” and substituting the following item:

“3. Mortgage in respect of resale, transfer or assignment of flat (whether to the Board or a lender other than the Board)”.

Made this 10th day of December 2002.

PETER CHAN JER HING

Permanent Secretary,
Ministry of National Development,
Singapore.

[ND 311/4-105 Vol. 28; AG/LEG/SL/129/2002/1 Vol. 1]

(To be presented to Parliament under section 65(2) of the Housing and Development Act).