Vers for old HDB flats: Could the consent threshold be 65%?
Lower thresholds could unlock more ageing sites for collective sale, potentially increasing redevelopment supply that better serves current business, housing and leisure needs.
The government has proposed lowering en bloc consent thresholds for older private commercial, mixed-use and non-landed residential developments to facilitate redevelopment.
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[SINGAPORE] The government’s recent proposed changes to lower the consent thresholds for older developments to secure an en bloc sale are much welcomed.
The proposed changes could enable more ageing private commercial, mixed-use and non-landed residential developments to be sold en bloc and redeveloped.
New developments that subsequently emerge will better serve today’s business, housing and leisure needs.