Clause 10

by deleting subsection (2);

by deleting the words “Subsections (1) and (2) shall apply” in subsection (3) and substituting the words “Subsection (1) applies”; and

by deleting subsection (4) and substituting the following subsections:“(4) Without prejudice to subsections (1) and (3), where a schedule of strata units for a development has been filed and accepted by the Commissioner under section 11, the share value assigned to any lot or proposed lot in the development in that schedule of strata units may be altered after the lot or proposed lot is sold only —

with the consent of the purchaser of the lot or proposed lot, unless the alteration to the share value is a minor adjustment necessitated by an increase or a shortfall in the area of the lot or proposed lot after it has been surveyed on its completion;

after the passing of any of the following resolutions:

a 90% resolution under section 34(1) to execute on behalf of its subsidiary proprietors a transfer of any part of common property as provided in section 23 of the Land Titles (Strata) Act (Cap. 158);

a special resolution under section 34(3) to create additional common property;

the respective special resolutions under section 34(5) to amalgamate the common properties of 2 or more management corporations; or

in connection with the registration of a strata title application for redevelopment under section 12 of the Land Titles (Strata) Act.(5) The Commissioner may accept an amended schedule of strata units that is filed to alter a schedule of strata units for a development in the circumstances mentioned in subsection (4), if and only if the Commissioner is satisfied that the proposed share values allotted to the lot or lots affected are allocated in a just and equitable manner.”.