Housing and Development Act 1959 · 2020 Revised Edition · Part 3 · Functions, Duties, Properties and Officers of Board
38. Transfer to Board of undertakings and assets of Singapore Improvement Trust
Feedback & supportAs from 1 February 1960, the undertakings of the Singapore Improvement Trust are, except as provided in the Planning Act (Cap. 232, 1990 Revised Edition), transferred to and vest in the Board without further assurance.
Board
“Board” means the Housing and Development Board established under section 3;
Without limiting subsection (1), that transfer includes —
transfer
“transfer” means a conveyance, sale, purchase, assignment, legal or equitable mortgage, charge, surrender or disposal in any manner of any estate or interest in a flat and includes a discharge of a mortgage, a reconveyance or the devolution of the rights of a deceased owner of a flat to another person;
all lands, buildings and other property, movable or immovable, and all assets, powers, rights and privileges held or enjoyed by the Singapore Improvement Trust in connection therewith, or appertaining thereto;
all rights and interests of the Singapore Improvement Trust in any other undertaking; and
all liabilities and obligations of the Singapore Improvement Trust.[32