Singapore legislation

Clause 5

of Residential Property (Amendment) Bill

Clause 5

New section 5A

The principal Act is amended by inserting, immediately after section 5, the following section: —“Foreign companies to file statutory declarations to the Controller5A.—

(1)

Subject to subsection (2), where, on the 11th day of September 1973, a foreign company was the owner of an estate or interest in any immovable property in Singapore, the foreign company shall, within the period of six months of the commencement of the Residential Property (Amendment) Act, 1982, file with the Controller a statutory declaration made by its director or secretary or its representative in Singapore setting out —

(a)

the location and Government survey lot number of the immovable property which has been disposed of by sale or otherwise; and

(b)

in respect of any immovable property which has not been disposed of, —

(i)

the size, location, Government survey lot number, nature of its estate or interest in such property;

(ii)

the purpose for which the property is currently used; and

(iii)

such further particulars as the Controller may require.(2) Subsection (1) shall not apply to a foreign company which is exempted under section 22.”.

Read in full context — Residential Property (Amendment) Bill →