This Act provides for the establishment of the Singapore Land Authority and consists of 7 Parts: Preliminary (I); Establishment, incorporation and constitution of authority (II); Functions, duties and powers of authority (III); Provisions relating to staff (IV); Financial provisions (V); Transfer of property, assets, liabilities and employees (VI); and Miscellaneous (VII).The functions of the Authority include to optimize land resources and to provide secure and effective registration systems for transactions relating to land in Singapore. The Authority shall also manage and maintain the cadastre survey system as a foundation for land title as well as advising the government on matters relating to land survey, tenure, ownership and disposition. The Authority has the power to direct for the purpose of discharging its functions under this Act (sect. 7). The Authority, upon the approval of the Minister may appoint a Chief Executive who shall be responsible for the Authority's administration (sec 11).
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Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but was ousted two years later and became independent. Singapore subsequently became one of the world's most prosperous countries with strong international trading links (its port is one of the world's busiest in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe.
Singapore is a parliamentary republic.
Source: CIA World Factbook
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