Singapore legislation

Regulation 5

of Housing and Development (Design-Build-and-Sell Scheme — Form of Contract) Rules

Regulation 5

Variation of option or agreement form

Subregulation 1

An approved developer shall not make or cause to be made any amendment to any of the provisions in an option to purchase in Form A in the Schedule, or an agreement for the sale and purchase in Form B in the Schedule, except with the prior approval in writing of the Board.

Subregulation 2

An application for the Board’s approval to amend any of the provisions in an option to purchase in Form A in the Schedule, or an agreement for the sale and purchase in Form B in the Schedule, shall be made in writing by the approved developer at least one month before the approved developer requires the same.

Subregulation 3

The Board may, after considering the application by the approved developer under paragraph (2) —

(a)

grant its approval of the amendment wholly or partly and with or without modifications, and with or without conditions; or

(b)

disapprove the application.