Executive Condominium Housing Scheme (Penalties) Regulations 1996

These Regulations are the Executive Condominium Housing Scheme (Penalties) Regulations 1996.

In these Regulations, unless the context otherwise requires —“private property” means any flat, house, building or land but does not include any housing accommodation sold under the executive condominium scheme;“purchase price”, in relation to any housing accommodation under the executive condominium scheme, means the purchase price of the housing accommodation paid by the purchaser pursuant to an agreement for the sale and purchase of the housing accommodation.

Where any purchaser of a housing accommodation sold under the executive condominium scheme or any applicant for such housing accommodation has not observed or complied with any of the restrictions, conditions or requirements of any of the provisions of the Act specified in the first column of the Schedule, he or she may be required to pay to the Government a penalty set out opposite thereto in the second column thereof in lieu of any action which may be taken against him or her under any of those provisions.