A lot of uncertainty is hanging over Jurong Country Club’s (JCC) compensation payout for its use as a terminus link for the Singapore KL high speed rail. According to lawyers it is quite unclear as to whether a cut will be seen to thousands of the clubs members.
The Singapore Land Authority informed the club this past Monday that they were to hand over the 67 hectares of land by November of 2016, and would be compensated for the acquisition based on the current market value.
Sol Acres at Choa Chu Kang
Wong Siew Hong, a partner of Eldan Law, stated that the funds for the club, which is registered as a society, is ruled by its Constitution. However, the Constitution has been quiet over the use of these extra funds. Robson Lee, a partner of Gibson, Dunn & Crutcher, explains that this would mean any proceeds must be used in line with the objectives of the club.
These objectives, according to the club’s Constitution, state that, since the club is considered a premier golf and country club, its objective Emerald of Katong is to manage and acquire other resort and golf facilities, and making affiliation or reciprocal arrangements to …
