Housing and Development (Amendment) Bill

The Housing and Development (Amendment) Bill aims to amend the Housing and Development Act to enhance the Board's operations and address misrepresentation in property transactions. The Bill allows approved financial institutions to use their securities as collateral for Monetary Authority of Singapore grants. It broadens the grounds for compulsory acquisition by the Board in case of false statements related to property transactions among related parties. Changes include adjustments to the Board's member appointment process, quorum requirements, and provisions for handling compensation disputes. The Bill does not entail additional government expenditure.