On 29/04/2017, you requested the version as published on or before 14/12/1999.
No. S 568
Sale of Commercial Properties Act
Sale of Commercial Properties (Amendment) Rules 1999
1. These Rules may be cited as the Sale of Commercial Properties (Amendment) Rules 1999 and shall come into operation on 15th December 1999.
2. Form D in the Schedule to the Sale of Commercial Properties Rules (R 1, 1999 Ed.) is amended by inserting, immediately after clause 20, the following clause:
20A.1. The Vendor and Purchaser agree that before they refer any dispute or difference relating to this Agreement to arbitration or court proceedings, they shall consider resolving the dispute or difference through mediation at the Singapore Mediation Centre in accordance with its prevailing prescribed forms, rules and procedures.
20A.2. For the avoidance of doubt, this clause shall not amount to a legal obligation on the part of either the Vendor or Purchaser to attempt mediation as a means of resolving their dispute or difference.”.
3. Notwithstanding anything to the contrary in the Sale of Commercial Properties Rules, where a purchaser of any commercial property under an agreement made before 15th December 1999 assigns, on or after that date, all his right, title or interest under that agreement, the new agreement with the assignee for the sale and purchase of that property shall be in the form prescribed by the Sale of Commercial Properties Rules as amended by these Rules.
[ND 202/1-57 V.15; AG/LEG/SL/130/98/1 Vol. 1]