Singapore legislation
Section 12
Section 12
Functions and powers of Corporation
(1)
The functions of the Corporation are —
to develop and manage sites, parks, estates, townships and other premises for industries and businesses in Singapore or elsewhere;
to provide facilities to enhance the operations of industries and businesses including social amenities for the advancement and the well-being of persons living and working in such sites, parks, estates and townships or otherwise; and
to participate in overseas ventures and developments which the Corporation has the expertise to engage or undertake in.
(2)
The Corporation shall have power to do anything for the purpose of the discharge of its functions under this Act or which is incidental or conducive to the discharge of those functions and, in particular, may —
act in combination or association with other persons or organisations for the discharge of any of its functions;
promote the carrying on of any activities for the discharge of its functions by other persons or organisations;
purchase, acquire or lease any land and premises required for the purpose of the discharge of its functions under this Act;
sell or lease land and premises for the purpose of the discharge of its functions under this Act upon such terms as the Corporation may determine;
provide technical, managerial and other specialist services for industrial, business and other development and build up a corps of engineering, managerial and other specialist staff to provide such services;
prepare and execute proposals, plans and projects for the erection, conversion, improvement and extension of any building for sale, lease, rental or other purpose;
provide and maintain housing accommodation including convalescent or holiday houses for employees of the Corporation, provide and maintain for those employees clubs and playing fields and provide educational facilities for them;
(ga)grant loans to employees or to act as guarantor for loans taken by them, to enable them to purchase their own houses, furniture, fittings, home appliances and vehicles;
(gb)award scholarships or give loans to employees to obtain professional, technical or other training;
sell or lease flats, houses or other living accommodation and land for the housing of persons living and working in industrial and business sites, parks, estates and townships;
provide loans on mortgage at such interest as may be prescribed to enable persons, other than employees of the Corporation, to purchase any flat, house or building which is used or intended to be used solely for the purpose of human habitation;
with the written approval of the Minister, form or participate in the formation of a company or companies or enter into any joint venture or partnership in Singapore or elsewhere;
with the written approval of the Minister, grant loans to any company in which the Corporation or any of its subsidiary companies holds any shares;
with the written approval of the Minister and the President, guarantee the repayment of loans given to any company in which the Corporation or any of its subsidiary companies holds any shares; and
provide and maintain adequate and efficient port services and facilities in the Jurong Port.