Central Provident Fund (Residential Properties Scheme) Regulations

  Table of Contents

1 Citation

2 Definitions

2A Former provisions

3 Application

4 Restriction on withdrawal

5 Cash grants

6 Loan by Government to member

7 Use of money in special account for payment of housing loan and share in common property transferred by Housing and Development Board, Government or Minister for Finance

8 Use of money in special account for payment of improvement contribution and interest in respect of upgrading works

8A Use of money paid to special account upon compulsory acquisition of immovable property

9 Prior agreement to purchase or acquire

9A Withdrawal for payment upon transfer (other than by way of sale) of residential property

10 Withdrawal for instalment payments

11 Board may allow member to withdraw money in certain circumstances

12 Total amount to be withdrawn under regulations 6, 9 and 10

13 Withdrawal for payment of land and dwelling-house constructed thereon

14 Total amount to be withdrawn in other circumstances

15 Board may allow withdrawal of further amount

16 Property subject to mortgage

17 Disbursements in relation to purchase or acquisition, etc.

18 Joint purchases or acquisitions

19 Valuation

20 Withdrawal for more than one property

21 Direct payment by Board to vendor, etc.

22 Withdrawal for payment of improvement contribution, etc., in respect of upgrading works

23 Withdrawal for payment of share in common property transferred by Housing and Development Board, Government or Minister for Finance

23A Transfer of money from retirement account to ordinary account

24 (Deleted)

25 No disposal of residential property without Board’s permission

26 Conditions for disposal of residential property

27 Prohibition on mortgage

28 Repayment of moneys in certain circumstances

28A Distribution of amount paid to member’s account in Fund, etc.

29 Application for cancellation of charge on immovable property

29A Undischarged bankrupts

30 Manner of application

  Legislative History