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The 168-unit Amberville is the first HUDC to have successfully clinched a deal at $183 million with a member of the Far East Organization. The completion of the sale and purchase is still subject to the top-up of the lease to 99 years and subject to the approval of the Strata Titles Board. This works out to a higher-than-expected $396 per square foot per plot ratio inclusive of an estimated development charge of $35.2 million and $23.8 million to top up the site's lease from the remaining 71 years to the original 99 years.

The long awaited Casino Control Bill, introduced in Parliament on 16 January 2006, seeks to establish a new statutory body to be known as the Casino Regulatory Authority of Singapore, to make provision for the operation and regulation of casinos and gaming in casinos, and to make related amendments to the Civil Law Act (Cap. 43) and the Income Tax Act (Cap. 134).

In an Oral Answer to a Parliamentary Question on whether the Registry of Societies will consider implementing strict accounting guidelines and conducting audit checks on other societies, such as religious organizations and associations, the Ministry of Home Affairs highlighted a light-touch approach.

The Accountants (Amendment) Bill 2006 was introduced in Parliament on 17 Janaury 2006.

The Endangered Species (Import and Export) Bill was read for the second time in Parliament and passed on 17 January 2006.

This Bill, introduced to Parliament on 16 January 2006, seeks to amend the Mutual Assistance in Criminal Matters Act (Cap.190A) principally to enable Singapore to provide assistance under any provision of Part III of the Act to any foreign country, even though that country has not entered into any treaty with Singapore for the provision of assistance in criminal matters.

The Payment Systems (Oversight) Bill was read for the second time in Parliament and passed on 16 January 2006.

The Residential Property (Amendment) Bill introduced in Parliament on 16 January 2006.

The Workplace Safety and Health Bill was read for the second time in Parliament and passed on 17 January 2006.

The Intoxicating Substances (Amendment) Bill 2006 was read for the second time in Parliament and passed on 16 January 2006.

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