Executive Condominium Housing Scheme (Amendment) Regulations 1997

No. S 491

Executive Condominium Housing Scheme Act

(Chapter 99A)

Executive Condominium Housing Scheme (Amendment) Regulations 1997

In exercise of the powers conferred by section 3(2) of the Executive Condominium Housing Scheme Act, the Minister for National Development hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Executive Condominium Housing Scheme (Amendment) Regulations 1997 and shall come into operation on 15th November 1997.

Amendment of regulation 3

2. Regulation 3 of the Executive Condominium Housing Scheme Regulations (Rg 1) is amended by inserting, immediately after paragraph (2), the following paragraph:

“(3) The Singapore Academy of Law established under the Singapore Academy of Law Act (Cap. 294A) shall act as stakeholder under the agreement referred to in paragraph (1).”.

Deletion and substitution of Schedule

3. The Schedule to the Executive Condominium Housing Scheme Regulations is deleted and the following Schedule substituted therefor:

“THE SCHEDULE

Regulation 2(1)

FORM A

FORM B

Regulation 3(1)

”.

Savings and transitional provisions

4.—(1) An option which has been granted by a developer prior to the commencement of these Regulations to any person for the purchaser of any housing accommodation in any executive condominium scheme shall continue to be in force as if these Regulations had not been made until the option has lapsed or has been exercised by the intending purchaser.

(2) Where a purchaser of any housing accommodation in an executive condominium scheme under an agreement made before the date of commencement of these Regulations assigns on or after that date all his right, title or interest under that agreement, the new agreement with the assignee for the sale and purchase of that housing accommodation shall be in the new form prescribed by these Regulations.

(3) Nothing in these Regulations shall require the Singapore Academy of Law established under the Singapore Academy of Law Act (Cap. 294A) to act as stakeholder under any agreement for the sale and purchase of any housing accommodation in an executive condominium scheme if it was made before the commencement of these Regulations.

Made this 11th day of October 1997.

LAM CHUAN LEONG

Permanent Secretary,
Ministry of National Development,
Singapore.

[ND 311/4-269 V. 7; AG/LEG/SL/99A/96/1 Vol.2]

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