30 March 2021
Following amendments to the Second Schedule of the Land Titles (Strata) Act (“LTSA”), proxy restrictions at general meetings for en bloc sales have come into force from 18 January 2021.
On 29 September 2020, the Ministry of Law (“MinLaw”) issued a press release announcing it would amend the Second Schedule of the LTSA to restrict the number of owners a proxy could represent at general meetings for en bloc sales.
Previously, under the LTSA, an owner of a strata-titled property could appoint a proxy to attend general meetings for en bloc sales and vote on proposals submitted at such meetings or the election of members of the collective sale committee on his behalf. However, there was no restriction on the number of owners a proxy might represent.
The safeguards in the LTSA have been strengthened to encourage owners to participate in person in such general meetings and minimise the risk of proxy abuse. The Second Schedule of the LTSA has been amended to set a cap for proxy holders at either 2% of the total number of lots in a strata development or two lots, whichever is higher. The form of instrument to appoint a proxy has also been improved to allow the proxy giver to explicitly direct his proxy to vote as he intended.
The Land Titles (Strata) Act (Amendment of Second Schedule) Order 2021 is available from Singapore Statutes Online sso.agc.gov.sg.