s 7 Revocation or suspension of licence
7.—(1) If any licensed housing developer —(a) is carrying on its business, in the Controller’s opinion, in a manner detrimental to the interests of its purchasers or to the public; (b) has insufficient assets to cover its liabilities; (c) is, in the Controller’s opinion, contravening any provisions of this Act or of any rules made under this Act; (d) has ceased to carry on housing development in Singapore; (da) has been convicted (whether before, on or after the date of commencement of section 14(d) of the Anti‑Money Laundering and Other Matters (Estate Agents and Developers) Act 2025) of any money laundering, proliferation financing or terrorism financing offence;[Act 54 of 2018 wef 28/06/2023] [Act 15 of 2025 wef 01/07/2025] (db) in the case of a company, has as a substantial shareholder a person mentioned in section 5(1)(e) or (f);[Act 54 of 2018 wef 28/06/2023] (e) has a person holding a responsible position therein in contravention of section 25(1) or (2); (f) has failed to comply with any condition attached to its licence; (g) has failed to comply with any direction issued by the Controller under this Act; (h) without reasonable excuse, fails to provide any information or particulars required by the Controller under section 11(2); or (i) provides or causes to be provided to the Controller any information or particulars (including any information or particulars in connection with its application for a licence under section 4(2)) which is false or misleading in a material particular, the Controller may revoke, or suspend for a period not exceeding 12 months, any licence granted to the licensed housing developer. (2) However, the Controller must, prior to any such revocation or suspension under subsection (1), notify his or her intention to take such action against the licensed housing developer concerned and must give the licensed housing developer an opportunity to submit reasons or an explanation why its licence should not be revoked or suspended, as the case may be.[15/2013] (3) Where the licence of a housing developer has been revoked or suspended under subsection (1), the licensed housing developer may, within 30 days of being notified of the revocation or suspension, appeal against the revocation or suspension (as the case may be) to the Minister whose decision is final and shall not be questioned in any court.[15/2013]