Singapore legislation
Clause 62
Clause 62
Share values
(1)
The share value of a lot as shown in a schedule of strata units shall determine —
(a)
the voting rights of the subsidiary proprietors of that lot;
(b)
the quantum of the undivided share of the subsidiary proprietor of that lot in the common property comprised in that strata title plan; and
(c)
subject to sections 41 and 108(3), the amount of contributions that may be levied by a management corporation on the subsidiary proprietor of the lot.
(2)
Except as provided in this Act or the Land Titles (Strata) Act (Cap. 158), the share value of any lot shall not be altered in any manner on or after the date of constitution of the management corporation.