Reference to a property – Property for sale Singapore
(2) For the purposes of subsection (1) — Property for sale Singapore.
(a) a reference to a property within the meaning of this section shall include a reference to a property which comprises a specified number of undivided shares in any area of land
situated in Singapore together with a right to the exclusive possession of a unit or other interest in a development of that area of land where —
(i) the development of that area of land has been or is to be undertaken by the vendor or, where there is more than one vendor, the vendors of the property as owner of that area of land (whether with other companies or not), or by other company or companies for the vendor or the vendors, as the case may be, pursuant to an agreement, however described, entered into by the vendor or the vendors, as the case may be (whether with other companies or not) for the development of that area of land; and
(ii) no assignment or other instrument, other than that in favour of the vendor, or where there is more than one vendor, the vendors of the property, has been executed
by way of completion of the sale and purchase of the property as such; and
(b) a reference to a development agreement within the meaning of this subsection, in relation to a property, shall be a reference to an agreement, however described, entered into for the development of the area of land referred to in paragraph (a) in relation to that property. Property for sale Singapore.
Exemptions – property for sale Singapore
5.—(1) The Minister may, by order published in the Gazette, exempt any person or class or description of persons from any or all of the provisions of this Act, subject to any conditions as may be stated in the order. Property for sale Singapore.
(2) The Minister may, by order published in the Gazette, exclude any activity or class or description of activities from any or all of the provisions of this Act relating to estate agency work. Property for sale Singapore.
(3) The Council may exempt any person from any prescribed requirements for a licence or registration, subject to any conditions as it may consider appropriate.
Source: Estate Agents Act (EAA)
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