Housing and Development (Design-Build-and-Sell Scheme — Vesting) Notification 2008

Status:

Published in Subsidiary Legislation Supplement
on 31 Dec 2008

No. S 701

Housing and Development Act

(Chapter 129)

Housing and Development (Design-build-and-sell Scheme — Vesting) Notification 2008

In exercise of the powers conferred by section 65P(1) of the Housing and Development Act, the Minister for National Development hereby makes the following Notification:

Citation

1. This Notification may be cited as the Housing and Development (Design-Build-and-Sell Scheme — Vesting) Notification 2008.

Vesting of reversion, etc., in Board

2. The Minister, in respect of the housing accommodation built on the parcel of land specified in the first column of the First Schedule by the approved developer specified in the second column thereof, hereby declares that —

(a)

the following shall vest in the Board:

(i)	the reversion immediately expectant on the lease of every housing accommodation sold by the approved developer; and
(ii)	the entire estate in the common property built by the approved developer on that same parcel of land; and

(b)

the lease of the unsold housing accommodation set out in the Second Schedule shall vest in the approved developer.

Made this 30th day of December 2008.

TAN TEE HOW

Permanent Secretary,
Ministry of National Development,
Singapore.

[AG/LEG/SL/129/2005/10 Vol. 1]

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