Singapore legislation

Regulation 2

of Sale of Commercial Properties Rules

Regulation 2

Definition

Amended byS 224/2006 wef 19/04/2006

Subregulation 1

Amended byS 224/2006 wef 19/04/2006

In these Rules, unless the context otherwise requires —

Definition

“Commissioner of Buildings” means the Commissioner of Buildings appointed under the Building Maintenance and Strata Management Act 2004 (Act 47 of 2004);

Definition

“developer” means any person who owns the land on which any commercial property is erected or in the course of erection;

Definition

“limited common property” has the same meaning as in the Building Maintenance and Strata Management Act 2004.

Amended byS 224/2006 wef 19/04/2006

Subregulation 2

A person is said to own land if he holds, or is entitled to dispose of an estate, whether legal or equitable, in the land on which any commercial property is being or will be erected, which is —

(a)

a leasehold estate having an unexpired term of not less than 21 years computed from the date of the completion of the relevant contract for the sale and purchase of the commercial property; or

(b)

a freehold estate in the land.