Fadli Fawzi on Land Titles (Strata) (Amendment) Bill
Urban renewal is a continuous journey, and redevelopment is a crucial pathway in ensuring that Singapore’s housing stock remains safe, modern and sustainably built, said MP Fadli Fawzi. The Land Titles (Strata) (Amendment) Bill strikes a crucial balance - giving older developments a viable mechanism to redevelopment and relieving asset-rich but cash-poor owners from crushing maintenance costs while protecting homeowners from unrelenting pressure. Speaking in parliament on Tuesday (Sep 8), he suggested ways to enhance the effectiveness of the Bill. It should be coupled with active upzoning to create additional incentives for homeowners and property developers to redevelop ageing developments and increase the availability of housing in mature estates, he said.
Urban renewal is a continuous journey, and redevelopment is a crucial pathway in ensuring that Singapore’s housing stock remains safe, modern and sustainably built, said MP Fadli Fawzi. The Land Titles (Strata) (Amendment) Bill strikes a crucial balance - giving older developments a viable mechanism to redevelopment and relieving asset-rich but cash-poor owners from crushing maintenance costs while protecting homeowners from unrelenting pressure. Speaking in parliament on Tuesday (Sep 8), he suggested ways to enhance the effectiveness of the Bill. It should be coupled with active upzoning to create additional incentives for homeowners and property developers to redevelop ageing developments and increase the availability of housing in mature estates, he said.
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