Section 5

All property, movable and immovable, which immediately before 3 June 1959 was vested in the Chief Secretary, Colony of Singapore, under the provisions of the Chief Secretary Incorporation Ordinance (Cap. 54, 1955 Revised Edition) shall, on 3 June 1959 and without any conveyance, assignment or transfer whatever, vest in the Corporation for the like title, estate or interest and on the like tenure and for the like purposes as the same was vested or held immediately before 3 June 1959.

The President may, by order, vest in the Corporation any property, movable or immovable, which is for the time being vested in any public officer or authority, and upon the coming into operation of any such order, the property to which the order relates shall, without any conveyance, assignment or transfer whatever, vest in the Corporation for the like title, estate or interest and on the like tenure and for the like purposes as the same was vested or held immediately before the coming into operation of the order.

The President may, by order, vest in any public officer or authority any property, movable or immovable, for the time being vested in the Corporation and upon the coming into operation of any such order, the property to which the order relates shall, without any conveyance, assignment or transfer whatever vest in such officer or authority for the like title, estate or interest and on the like tenure and for the like purposes as the same was vested or held immediately before the coming into operation of the order.