Singapore legislation
Regulation 21
of Sentosa Development Corporation (Management and Maintenance of Sentosa Cove) Regulations 2008
Regulation 21
Payment of contributions
Subregulation 1
For the purposes of section 18F of the Act and subject to paragraph (3), the Corporation may levy for every month a contribution in respect of the immovable properties in Sentosa Cove at the relevant rate prescribed in paragraph (2), which shall, upon the Corporation serving notice in writing on each respective owner of those immovable properties, be increased with effect from 1st January in each year starting after the service of that notice by 20% of the rate of contribution levied in the preceding year.
Subregulation 2
The rates of contribution referred to in paragraph (1), which are inclusive of the goods and services tax chargeable under the Goods and Services Tax Act (Cap.117A), shall be as follows:
for residential properties (including bungalows, terraces and units in condominiums) — not exceeding $0.49 per plot ratio per square metre of the site area;
for hotels and yacht clubs — not exceeding $0.49 per plot ratio per square metre of the site area; and (c)for commercial properties, other than hotels and yacht clubs — not exceeding $0.72 per plot ratio per square metre of the site area.
Subregulation 3
In the case of immovable properties comprised in a strata title plan, the contributions payable by the subsidiary proprietors shall be in shares proportional to the share value of their respective lots in the strata title plan, as accepted by the Commissioner of Buildings under the Building Maintenance and Strata Management Act (Cap. 30C).
Subregulation 4
The contributions referred to in paragraph (1) shall be payable by the owners of the immovable properties quarterly in advance, and without demand, to the Corporation or to such party as the Corporation may direct, on or before the following dates in each year:
1st January, for contributions payable for the months of January to March in the year;
1st April, for contributions payable for the months of April to June in the year;
1st July, for contributions payable for the months of July to September in the year; and
1st October, for contributions payable for the months of October to December in the year.
Subregulation 5
Where any amount of contribution referred to in paragraph (1) remains unpaid at the end of 30 days after the date the amount becomes due and payable under paragraph (4), interest on the amount in arrears at the rate of —
9% per annum; or
3% above the prime lending rate of The Development Bank of Singapore Limited,whichever is the higher, shall be payable until all of that amount is paid.
Subregulation 6
The interest referred to in paragraph (5) shall be levied on the unpaid contributions from the day immediately following the expiry of the period of 30 days referred to in that paragraph up to and including the day the amount of contributions in arrears are paid in full.
Subregulation 7
The Corporation may, in its discretion, waive or refund wholly or in part any contribution or interest payable under this regulation.