MoneySmart Travel Insurance Lucky Draw Winners 2023
June 28, 2023
In today’s article, we take a look at some of the departments in various governing agency and what do they do in general.Who, What, Why?
| Issuing Authority
|
Main Authority
& Name of License (if any) |
Purpose of their authority
|
| Controller of Residential Property | Singapore Land Authority (SLA) | Approval for purchase of Land (SC, SPR or Foreigner)
• Land Dealings Approval Unit (LDAU). Singapore Company need to obtain Clearance Certificate in order to purchase restricted property in Singapore. |
| Land Dealings Approval Unit (LDAU) | Singapore Land Authority (SLA) | Approval for purchase of Non-Commercial Shop houses by foreigner
• Applies to ‘Residential with Commercial at 1st storey’ zoned land. (Also applies to SPR & Foreign entity as well). |
| Residential Property Act | Singapore Land Authority (SLA) | Restriction of Ownership of Land by SPR’s, Foreigners and/or Foreign Entities
• Issues Licenses to developers of residential properties. |
| Housing and Development Act | Housing and Development Board
(HDB) |
Foreigners not allowed to purchase following Properties
• HDB Flat • Executive Condominium (EC) • HDB Shop house |
| Temporary Occupation Permit (TOP) | Commissioner of Building Control
Ø Building and Construction Authority of Singapore (BCA) |
Approval when building works are completed and owners are able to collect keys and move Certificate of Statutory Completion into their units |
| Certificate of Statutory Completion into their units (CSC) | ||
| Hotels Act | Hotels Licensing Board (HLB) | Approval for Foreigner to purchase Hotels in Singapore |
| Housing Developers (Control and
Licensing) Act (HDCLA) |
Urban Redevelopment Authority (URA) | Regulates the development and sale of
uncompleted private residential properties in Singapore |
| Urban Redevelopment Authority (URA) | Ministry of National Development
(MND) |
Singapore’s national land use planning authority |
| Singapore Land Authority (SLA) | Assists Government in managing its land and sales system
• Responsible for issuance of Land Titles and the lease administration for sites sold (State Land) |
|
| Chief Valuer | Singapore Land Authority (SLA) | Expert surveyor who instructs clients on valuations of properties including houses, factories and shops |
| Share Value (SV) | Issued by Commissioner of Buildings (CB)
• Under Building and Construction Authority of Singapore (BCA) |
Assigns the Share value of each unit (SSCT) in a strata property according to the Strata Area |
| Management Corporation (MC) | Building and Construction Authority of Singapore (BCA) | Compulsory to form for all Strata Properties
• To upkeep common areas, facilities and compound of strata Developments. |
| Certificate of Title (CT) | Singapore Land Authority (SLA) | Issued by Registrar of Titles |
| Subsidiary Strata Certificate of Title
(SSCT) |
Singapore Land Authority (SLA) | Issued when strata units are completed up to roof level and strata subdivision approval / planning permission has been granted by Chief Planner (URA) |
| Parks and Trees Act | National Parks Board (NPB)
• NParks |
Issued by Commissioner of Parks & Recreation |
| Land Acquisition Act | Singapore Land Authority (SLA) | The Land Acquisition Ordinance of 1920 was repealed by the Land
Acquisition Act in 1966 so as to give the government the power of compulsory land acquisition for public development. The act also regulated the amount of compensation to be given to landowners who had their properties acquired by the government |
| Land Titles Act | Singapore Land Authority (SLA) | Act which makes provision for the registration of titles to land |
| Land Titles Registry | Singapore Land Authority (SLA) | Department in SLA where Titles of fully-paid houses/units are kept
• Takes care of ALL Land Registries |
| Appeals Board | Ministry of Law (MinLaw) | Appeals for unsatisfactory of
compensation amount for Land Acquisition Act by Chief Valuer (SLA) under Land Acquisition Act |
| Sale of Commercial Properties Act | Singapore Land Authority (SLA) | Issues Licenses to developers of
non-residential properties |
| Office of Public Guardian (OPG) | Ministry of Social and Family
Development (MSF) |
Governing body responsible for the administration of the Mental Capacity Act |
| Administration of Muslim Law Act | Syariah Court | Muslim intestate law (faraid)
• Faraid applies to the estate of the Deceased |