Clause 12

Section 39G of the principal Act is amended by inserting, immediately after subsection (1), the following subsection:“(1A) (a) Subsection (1)(b) shall not apply to any commercial property not exceeding in value $250,000 or such higher value as the Minister may allow which the owner or his spouse has acquired with the prior written consent of the Authority.(b)For the purposes of paragraph (a), “commercial property” means any flat, house or building or any part thereof which is permitted to be used pursuant to the Planning Act (Cap. 279) or any other written law for the purpose of carrying on any business or which is lawfully so used.”.