Singapore legislation

Clause 11

of Housing Developers (Control and Licensing) Ordinance

Clause 11

Licensed housing developer unable to meet obligations to inform the Controller

(1)

A licensed housing developer which considers that it is likely to become unable to meet its obligations to the purchasers shall forthwith inform the Controller of such fact.

(2)

Any licensed housing developer which fails to comply with the provisions of subsection (1) of this section shall be guilty of an offence under this Ordinance.

Read in full context — Housing Developers (Control and Licensing) Ordinance →