Singapore legislation

Section 15

Miscellaneous powers of body corporate

A body corporate may —

(a)

invest any moneys in its management fund in any manner permitted by law for the investment of trust funds or in any prescribed investment;

(b)

invest any moneys in its sinking fund in any prescribed investment;

(c)

borrow moneys and secure the repayment thereof and of any interest in such manner as may be agreed upon by the body corporate and the lender;

(d)

enter into an agreement with the owner or occupier of a flat for the provision of amenities or services by it to the flat or to the owner or occupier thereof;

(e)

purchase, hire or otherwise acquire personal property for use by the owners of flats in the housing estate in connection with their enjoyment of the common property; and

(f)

do all things reasonably necessary for the performance of its duties under this Act and for the enforcement of the by-laws.

Read in full context — HUDC Housing Estates Act →