Section 30
Share values
of Land Titles (Strata) Act 1967
(1)
Each lot including a provisional lot (except an accessory lot) shown in a strata title plan has its share value determined as shown in the strata title application registered under section 9.
(1A)
In the case of a strata title plan comprising land and buildings in respect of which planning permission has been granted on or after 15 April 1976, each lot shown in that plan has the share value as shown in the schedule of strata units filed with and accepted by the Commissioner under section 11 of the Building Maintenance and Strata Management Act 2004.
(2)
The share value of a lot determines —
the voting rights of the subsidiary proprietors;
the quantum of the undivided share of each subsidiary proprietor in the common property; and
the amount of contributions levied by a management corporation on the subsidiary proprietors of all the lots in a subdivided building.