Last Revised Date: 21 November 2005

Notice 813 Immovable Properties

Requirements for finance companies on purchasing immovable properties above a certain limit.

This notice applies to all finance companies (FCs) in Singapore. It stipulates that a finance company cannot purchase or acquire any immovable property that costs more than 25% of its paid-up share capital and published reserves.

This limit does not apply to investments used for business, housing or providing amenities for its staff.

Amendment Notes

21 Nov 2005
MAS Notice 813 dated 01 December 1983 is revised.
01 Dec 1983
MAS Notice 813 dated 01 December 1983 is issued. BS (FC) Circular No. 3/75 dated 14 March 1975 is cancelled.