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New law proposed to lower en bloc thresholds for older condominiums
The current consent thresholds for collective sales were first introduced in 1999. Since then, many developments have got significantly older, said the Ministry of Law.
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New law proposed to lower en bloc thresholds for older condominiums
The current consent thresholds for collective sales were first introduced in 1999. Since then, many developments have got significantly older, said the Ministry of Law.
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Proposed lower consent thresholds could revive en bloc market, but boom unlikely: Analysts
With a shorter time to get the required number of signatures for a collective sale, this might heighten tensions among neighbours who are not keen to sell, said an analyst.