11.—(1) The total amount which may be withdrawn by a member under these Regulations for any one or both of the purposes specified in paragraph (2) shall not exceed 70% of the value of the property as assessed by the Board at the date of —
(a)
the signing of the agreement for the purchase or acquisition of the property; or
[S 705/2007 wef 01/01/2008]
(b)
the inheritance of the property,
as the case may be.
(2) The purposes referred to in paragraph (1) are —
(a)
to make full or partial payment towards the purchase or acquisition of a property; or
[S 705/2007 wef 01/01/2008]
(b)
to make periodic payments towards the repayment of a loan or to make full or partial repayment of a loan.