Govt studying feedback on proposals to tighten en bloc sales

Govt studying feedback on proposals to tighten en bloc sales

By Pearl Forss, Channel NewsAsia | Posted: 22 May 2007 2028 hrs


SINGAPORE: The Law Ministry is looking into tightening the procedures for en bloc sales.

Associate Professor Ho Peng Kee said this in Parliament on Tuesday.

The Senior Minister of State for Law and Home Affairs was responding to a call by Opposition MP Chiam See Tong for more transparency in such sales.

Professor Ho said the Strata Titles Board would dismiss applications for en bloc sales if these were not done in a fair and transparent manner.

The Government is also currently evaluating feedback to a list of proposed changes on en bloc sales.

These proposals had been put up for public consultation.

"One of the proposed changes is that the setting up of an en bloc sale committee must be done at a general meeting convened by the management corporation. Not only will this make for better accountability, it will also serve as a notice to all owners (that) an en bloc sale (is) being started," said Assoc Prof Ho. - CNA/ir