TAC Magazine Jul/Aug 2019

Revision in Fees With the anticipated completion of Clubhouse Redevelopment, The General Committee has approved the Membership Committee’s recommendation to revise entrance fees of some membership categories and transfer fee for open market transfers. The following rates take effect from July 1, 2019 (all rates inclusive of Goods and Services Tax):

TERM MEMBERSHIP ENTRANCE FEE

Current Rate

New Rate

Term Membership Entrance Fee

$6,420.00

$6,741.00

Operations Surcharge

$870.50

$870.50 (No change)

Total Term Membership Fee

$7,290.50

$7,611.50

ASSOCIATE MEMBERSHIP ENTRANCE FEE (CLOSED CATEGORY) Old Rate

New Rate

Associate Membership Entrance Fee

$53,500.00

$66,875.00

Operations Surcharge

$3,500.00

$3,500.00 (No change)

Total Associate Membership Fee

$57,000.00

$70,375.00

TRANSFER FEE FOR OPEN MARKET TRANSFERS

Old Rate

New Rate

Transfer Fee

$24,075.00

$27,500.00

Please feel free to contact the Membership team at 6739-4360 or email membership@amclub. org.sg if you have any further questions.

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