2.—(1) For the purposes of section 33(6)(a)(v) of the Act, a Town Council may disburse moneys from any of its sinking funds to meet expenses or liabilities properly attributable to that sinking fund in respect of any of the following improvement works to be carried out in any approved housing estate within the Town which the Town Council manages and maintains:
(a)
building a boundary wall or fence and erecting or installing a name-plate;
(b)
building a guard house; or
(c)
installing a security access system.
(2) A housing estate of the Board, or any part thereof, shall be an approved housing estate for the purposes of these Rules if and only if —
(a)
the estate or part thereof is situated on any land to which section 126A of the Land Titles (Strata) Act (Cap. 158) applies; and
(b)
the owners of not less than 75% of the total number of flats comprised in the buildings within the housing estate or part thereof agree to lodge an application with the Board under section 126(1) of the Land Titles (Strata) Act.