Regulation 1
Citation
This Notification may be cited as the Housing and Development (Design-Build-and-Sell Scheme — Vesting) (No. 2) Notification 2015.
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Housing and Development (Design-Build-and-Sell Scheme — Vesting) (No. 2) Notification 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation HDA-S287-2015 1959, currently marked in force and first recorded in 1959.
Citation
This Notification may be cited as the Housing and Development (Design-Build-and-Sell Scheme — Vesting) (No. 2) Notification 2015.
Vesting of reversion, etc., in Board
The Minister, in respect of the housing accommodation built on the parcel of land specified in the first column of the First Schedule by the approved developer specified opposite in the second column, declares that —
the following vest in the Board:
the reversion immediately expectant on the lease of every housing accommodation sold by the approved developer;
the entire estate in the commercial property built by the approved developer on that same parcel of land;
the entire estate in the common property built by the approved developer on that same parcel of land; and
the lease of the unsold housing accommodation set out in the Second Schedule vest in the approved developer.
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