Singapore legislation

Clause 13

of Building Maintenance and Strata Management Bill 2004

Clause 13

Exceptions to section 11 prohibition

(1)

Section 11(1) and (2) shall not apply —

(a)

to any agreement, deed or instrument that conveys, transfers, assigns or otherwise disposes of a leasehold interest not exceeding 21 years without an option to renew or purchase; and

(b)

to any agreement between any purchaser under a collective sale contract of any land and any other party to that collective sale contract whereby the purchaser disposes of any proposed lot to be comprised in a re-development of the land to that other party before the legal completion of the collective sale of the land.

(2)

In subsection (1)(b), “collective sale contract” means —

(a)

any sale and purchase agreement referred to in section 84A, 84D, 84E or 84F of the Land Titles (Strata) Act (Cap. 158);

(b)

any sale and purchase agreement whereby the owners of all the lots in a development agree to sell all their lots to a purchaser; or

(c)

any sale and purchase agreement whereby the owner of any land agrees to sell the land to a purchaser either by itself or together with the owners of any adjacent land.