Singapore legislation
Section 8
Section 8
Power of Board to enter into contracts and to hold property
(1)
The Board may enter into any contract that may be necessary or expedient for carrying into effect the provisions of this Act.
(2)
The Board may acquire and hold any movable or immovable property that may be necessary or expedient for carrying into effect the provisions of this Act and, for the same purposes, may sell, lease, mortgage, or otherwise alienate or dispose of any property so acquired.