Kenneth Goh on Land Titles (Strata) (Amendment) Bill
How did the Ministry of Law arrive at new, lower en bloc consent thresholds of 70 per cent for developments aged 40 to 59 years and 65 per cent for those aged 60 or more? NMP Kenneth Goh asked about this in parliament on Tuesday (Sep 8). Was modelling done on how many additional developments might be able to proceed under different thresholds, and what evidence gave the ministry confidence that these reductions would advance urban renewal? What has the ministry learnt from previous collective sale exercises about different points at which they stalled? Assoc Prof Goh also wanted to know what information and evidence will be collected to evaluate the impact of the new thresholds over time.
How did the Ministry of Law arrive at new, lower en bloc consent thresholds of 70 per cent for developments aged 40 to 59 years and 65 per cent for those aged 60 or more? NMP Kenneth Goh asked about this in parliament on Tuesday (Sep 8). Was modelling done on how many additional developments might be able to proceed under different thresholds, and what evidence gave the ministry confidence that these reductions would advance urban renewal? What has the ministry learnt from previous collective sale exercises about different points at which they stalled? Assoc Prof Goh also wanted to know what information and evidence will be collected to evaluate the impact of the new thresholds over time.
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