MPs raise concerns over shorter timeline for signature collection as law passed to lower en bloc thresholds
Replacement costs and support for elderly residents were also mentioned by MPs during the debate.
Members of Parliament (MPs) expressed concerns over a shorter timeline for obtaining signatures during a collective sale agreement and the expense of replacing homes, as a new law was passed to reduce en bloc consent thresholds for older residential developments in Singapore. The law reduces the consent threshold for developments aged 40-59 years from 80% to 70% and from 80% to 65% for those aged 60 years and above.
The timeline to collect signatures will be halved from 12 months to six months, while the restriction period after a failed collective sale attempt will be extended from two years to three years. MPs, such as Fadli Fawzi and Ang Wei Neng, expressed apprehensions about the shortened timeline, citing the administrative burden on volunteer committees, logistics challenges, and the potential for tensions among neighbors.
The Minister for Law, Edwin Tong, emphasized that the amendments aim to facilitate the renewal of older developments while ensuring certainty and stronger protections for non-consenting owners.
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