Share value – Property for sale in Singapore
Property for sale in Singapore – Share value represents the proportionate share entitlement assigned to each strata unit relative to the other owners in the same development. Also, share value determines the right and obligation of the individual SP: Property for sale in Singapore.
- Voting rights
- Undivided share of the common property
- Amount of contribution for maintenance and sinking fund as levied by the MC
MC makes decision by passing resolutions at general meetings:
- Ordinary resolution. (50% of SV of SP present)
- Special resolution. (75% of SV of SP present)
- 90% resolution. (90% of SV of SP present)
- Unanimous resolution. (100% consensus)
- Comprehensive resolution. (cast votes within 12 weeks; passed only when obtained at least 90% consensus)
- Resolution by consensus. (no objection votes)
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