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Contents

Long Title

Part I PRELIMINARY

Part II PROHIBITION ON PURCHASE OR ACQUISITION OF RESIDENTIAL PROPERTY BY FOREIGN PERSONS

Part III APPROVAL TO PURCHASE, ACQUIRE OR RETAIN RESIDENTIAL PROPERTY

Part IV MISCELLANEOUS

FIRST SCHEDULE Description of Subdivided Buildings

SECOND SCHEDULE Description of Flats

Legislative History

 
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Related Subsidiary Legislation | Legislative History | Amendment Annotation off
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On 20/05/2013, you requested for the version in force on 20/05/2013 incorporating all amendments published on or before 20/05/2013. The closest version currently available is that of 31/07/2009.
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Vesting of residential properties in Singapore limited liability partnerships
11.
—(1)  Notwithstanding anything in any written law, a Singapore limited liability partnership which intends to acquire any estate or interest in any residential property other than non-restricted residential property shall, prior to the vesting of the estate or interest in that residential property in the limited liability partnership, furnish the Controller with a list of its partners containing the particulars of their nationality and such other particulars as the Controller may require.
[9/2006]
(2)  The Controller may, if he is satisfied that the requirements of subsection (1) are complied with and that the limited liability partnership is a Singapore limited liability partnership, issue to the limited liability partnership a certificate stating that the limited liability partnership may acquire and retain residential properties subject to the provisions of this Act.
[9/2006]
(3)  The Controller may at any time require a Singapore limited liability partnership which has been issued a certificate under subsection (2) to produce its register of partners for his inspection if the Controller desires to ascertain whether the Singapore limited liability partnership has ceased to be a Singapore limited liability partnership.
[9/2006]
(4)  The Controller may at any time cancel a certificate issued under subsection (2) if he is satisfied that —
(a)
in the case of a Singapore limited liability partnership which does not own any residential property that is not non-restricted residential property, the Singapore limited liability partnership has become a foreign limited liability partnership without obtaining the prior written approval of the Controller under section 14A; or
(b)
in the case of a Singapore limited liability partnership which owns any residential property that is not non-restricted residential property, the Singapore limited liability partnership has become a converted foreign limited liability partnership without obtaining the prior written approval of the Minister under section 26.
[9/2006]
(5)  The Controller shall, upon the application by any Singapore limited liability partnership which is a holder of a certificate issued by the Controller under subsection (2), cancel the certificate if the Controller is satisfied that the Singapore limited liability partnership does not own any residential property that is not non-restricted residential property.
[9/2006]
(6)  Any Singapore limited liability partnership which contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.
[9/2006]