Singapore legislation
Clause 5
of Recovery of Possession of Controlled Premises (Special Provisions) Bill
Clause 5
Compulsory acquisition of land where landlord fails to develop
(1)
Where a landlord who has recovered possession of controlled premises pursuant to an order under section 4 of this Act fails or neglects —
to commence development in accordance with a plan for development approved for such purpose within six months of the date on which he recovered possession of such controlled premises, or such later date as the Board has allowed; or
to complete development in accordance with a plan for development approved for such purpose and within such time (such time being not less than three years and not more than ten years) as the Board considers reasonable in any particular case,the Board may request and the President may, if he thinks fit, direct the acquisition of the controlled premises.
(2)
Where a direction has been made under subsection (1) of this section such controlled premises may be acquired in accordance with the provisions of any written law relating to the acquisition of land for residential, commercial or industrial purposes and any declaration required under any such law that such land is so needed may be made notwithstanding that compensation has been paid by the landlord to any tenant under this Act or an ex gratia payment made to any other person.
(3)
Such direction shall have effect as if it were a declaration that such controlled premises are needed for residential, commercial or industrial purposes made under section 5 of the Land Acquisition Act, 1966 (Act 41 of 1966), and the provisions of that Act shall, subject to subsection (4) of this section, apply mutatis mutandis to a direction under this section as they apply to a declaration under that Act.
(4)
Where controlled premises are acquired pursuant to a direction of the President under this section the value of the controlled premises shall be deemed to be the market value of such controlled premises as on the date of the landlord’s application to recover possession of the controlled premises made under section 4 of this Act.