Singapore legislation

Clause 8

of Land Titles (Strata) (Amendment) Bill

Clause 8

Repeal and re-enactment of section 27

Section 27 of the principal Act is repealed and the following section substituted therefor:“Share units27.—

(1)

Each lot including a provisional lot (except an accessory lot where no share value shall be allotted) shown in every plan lodged for registration as a strata title plan shall have its share value determined as shown in the strata title plan, and in the case of any strata title plan where planning permission has been granted on or after 15th April 1976, the lot which is shown in the strata title plan shall have the share value approved by the Commissioner pursuant to section 7(1)(b) prior to the registration of the strata title plan by the Registrar.(2) The share value of a lot shall determine —

(a)

the voting rights of the subsidiary proprietors;

(b)

the quantum of the undivided share of each subsidiary proprietor in the common property; and

(c)

the amount of contributions levied by a management corporation on the subsidiary proprietors of all the lots in a subdivided building.”.

Read in full context — Land Titles (Strata) (Amendment) Bill →