Transfer Procedures

1. The Transferor (henceforth called the “Seller”) shall complete and submit the transfer form which is obtainable from the Membership Department or the Front Office Reception. The transfer form must be duly signed by all parties concerned.
 
2. The Membership Department shall acknowledge the receipt of the transfer form within 5 working days of the receipt of such submission.
 
3. Upon completion of processing, the Membership Department shall arrange an appointment with both the Seller and Transferee (henceforth called the “Buyer”). The Seller shall ensure that the Buyer will be available on the appointment date.
 
4. On the transfer appointment date, the Seller must settle his/her outstanding balance and transfer fee, surrender his/her membership cards, and where applicable the car park label(s) and all other Club-issued collaterals. The Buyer must submit a copy of applicable collaterals such as marriage certificate, identity card of each family member, birth certificates of all children, three (3) colour passport-size photographs of each family member and vehicle particulars together with proof of vehicle(s) ownership. The Buyer must also ensure that all sections of the Membership Application Form are duly completed.
   
5. The Buyer’s application will be forwarded to the Membership Sub-Committee for approval and subsequently, his/her particulars will be posted on the Club’s notice board for a period of one (1) month, in accordance with Rule 10.
   
6. The Seller and the Buyer will be duly informed of the outcome upon approval of the transfer. The Seller will be refunded his deposit after deduction of any other dues. The Membership Department will send the membership card(s), car park label(s) and a complimentary welcome package via registered post to the Buyer.
   
7. In the event that the Buyer’s application is unsuccessful, the Seller’s account will be reinstated and the Club will return the membership collaterals and refund the transfer fee to the Seller.

Important Notes

1. Eligibility: A “Transferable Membership” shall either be a Family Membership as defined in Rule 4(n) or any combination of two (2) single memberships, from the Ordinary, Honorary Life or Life Membership as defined in Rule 7(a).
 
2. Prospective Buyer: The prospective Buyer must be 21 years of age or above, and must satisfy the requirements to be an Ordinary Member as defined in Rule 7(b). His/her application for membership shall be proposed by two Members, both of whom must be existing Members of the Club for at least 3 years.
 
3. Transfer Price: The Seller is required to source for his/her own Buyer and agree on the transfer price. The Club will not be involved in any dispute between the Seller and Buyer under any circumstances. The transfer price advertised in the newspaper is usually inclusive of transfer fee plus GST.
 
4. Transfer Fee: The transfer fee is S$8,000 plus prevailing GST or 20% of the prevailing official entrance fee at S$40,000, payable either by the Seller or Buyer.
   
5. Administration Fee: An administration fee of S$100 will be charged to the Seller if the application is withdrawn for whatever reasons after submission to the Club.
   
6. Monthly Subscription: The Seller will be liable to pay the monthly subscription fee for the month in which the transfer form is submitted to the Membership Department for processing.
 
7. Approval: The approval for transfer of membership is subject to the approval of the Management Committee and Membership Sub-Committee, pursuant to Rule 11. An estimated time of eight (8) weeks is required to complete the transfer process.

FAQ on Transfer of Membership

Q 1 How do I sell my Membership?
You may sell your Membership yourself through word of mouth or advertising in the newspapers, or you may sell it through a Club Membership Broker.
 
Q 2 Can the Club recommend a broker?
The Club does not have any preferred brokers. The brokers can be found in the classified section of The Straits Times.
 
Q 3 If I have a single membership, can I sell my membership?
Only Family Memberships are transferable in accordance with the Rules. Single Members may find another Single Membership to sell together as the equivalent to a Family Membership or they may purchase another Single Membership at $10,000.
 
Q 4 If I am a Single Member looking to sell my membership, how do I look for another Single Member with the same intention, in order to sell our membership?
You may find one through a broker or you may provide us with your contact information and we will post it on the notice board to allow other Single Memberships looking to sell their Membership to contact you. Or you may refer to the notice board to contact a Single Member looking to sell.
 
Q 5 How do I sell my Membership if I am stationed overseas?
You need to get a power-of-attorney to give your representative in Singapore the authority to sell the Membership on your behalf. Alternatively, the signing of the transfer form may be done in the presence of a Notary Public.

Q 6 What if the application for membership of the Buyer is rejected?
The Seller must find a new Buyer and in the meantime the membership account must be reinstated.

Q 7 Is there a fee if the application is rejected?
No.
 
Q 8 How long is the processing time for Membership application?
The entire processing time is 2 months. The application must be reviewed by the Membership Department and then submitted to the Membership Subcommittee for approval. Once approved by the Membership Subcommittee, the prospective Members name will be posted on the Club notice board for 1 month. Once this has been done, the Membership Department will contact you for the collection of the New Member Package and the account will be activated.
 
Q 9 What do I need to bring to the Transfer Appointment?
The Seller must bring his Membership Card, car park labels and locker keys (whichever are applicable), and the Transfer Fee and Refundable Deposit in two separate cheques.
The Buyer must bring his IC, marriage certificate, birth certificates for all children, 3 passport photographs for all family Members above 7 yrs of age and a cheque of $100 for Refundable Deposit together with the completed application.
 
Q 10 Can two individuals purchase a family membership on shared basis?
No. Only a married couple or a single individual may purchase a family membership.
   
   

Information for Buyers

Q 11 How much are the monthly dues?
The subscription for Family Membership is $65 per month and the Minimum Spending $90 per quarter.
Subscription for children between 3-16 years - $3 per month.
Subscription for children 16 years and above - $15 per month.
Entrance Fee to Junior Membership - $500
 
Q 12 What are the operation hours at the Club?
The operation hours are from 7am till 12 midnight from Sunday through Thursday and from 7am till 1am on Fridays and Saturdays. The gym opens earlier at 5am and the F&B outlets close at 10pm.

Please call the Membership Department at 63423 621 / 622 / 624 / 625 / 648 / 700 or e-mail membership@sswimclub.org.sg for any enquiries.