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Hmmm ... now that IRAS is NOT dancing until the music stops, I wonder who else is coming to the en bloc block party this National Day?
http://singaporeenbloc.blogspot.com/2009/07/iras-is-not-dancing-until-music-stops.html
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Will the Ministry of Law (MinLaw) step up to the plate soon? Or is MinLaw still jiggling on the dance floor, eyes glazed-over ... in a daze after the 2006/07 kinetic en bloc frenzy and now bobbing mindlessly in a stupor, waiting for the en bloc tempo to pick up?
We waited for nearly a decade before the Land Titles (Strata) Act was amended in Oct 2007 - mostly in form but not much in substance. The Horizon Towers' en
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It is noteworthy that the en bloc law was promulgated because of urban renewal and higher land-use intensity considerations. These considerations are manifestly under the purview of the Ministry of National Development (MND). Yet MND is NOT the primary driver for this en bloc law! Instead, it is MinLaw who in turn take on various passengers on this merry en bloc joy ride ... from MND, Urban Redevelopment Authority (URA), Building & Construction Authority (BCA), Singapore Land Authority (SLA), the Attorney General's Chambers (AGC), etc.
I probed and prodded about this curious state of affairs as to why MinLaw is the key "dr
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Personally, I do not doubt the wisdom of urban rejuvenation and I (grudgingly) accept the necessary evil of higher land-use intensity in teeny Singapore. Hence, these national needs are - to me - valid and, as a citizen, I support the "What" portions (viz, urban renewal and higher land-use intensity) but NOT the "How" bits (viz, the laws/policies as they presently stand). There are times when I ask what can I do for my
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To achieve a national agenda item, there are many roads to go up this mountain, one of which is to use the engine of PPP (Public-Private Partnership). As PPP is used in many of Singapore's endeavours (locally, regionally or globally as we spread our wings to Suzhou and other parts of China, Indonesia's Batam, Malaysia's Johore Iskandar, etc), working relationships are naturally forged through the years under such PPPs. Whilst
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In last year's 2008 National Day trilogy, I posited that - at a minimum - en bloc purchases meant "Buy one; Get one free" for Developer-buyers (if both could be
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If you are not breathless by now, you will appreciate why I concluded that en bloc sales are neither "right" for Majority Consenters (except en bloc flippers and serial condo raiders) nor Minority Dissenters!!! Rightfully, en blocs should PULL UP everybody (NOT just selected parties of Gahmen, Developer-buyers and en bloc flippers)! Instead, en blocs now PUSH DOWN existing owners who find themselves in a "Lose-Lose" situation (especially Owner-occupiers who heeded Gahmen exhortations to be prudent in using Central Provident Fund (CPF) savings to buy only one residential property as the roof over their heads)! The spiel of legal wrangles in Strata Titles Board, High Court and Appeal Court buttress my conclusion as we witness Minority sue Majority and vice versa, Majority sue Developer, and Developer threatens to sue Minority ... even the Strata Titles Boards joined the brawl but they lost!
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First off, Hongkong's existing en bloc legislation is much tighter and finely calibrated to:
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(A) be more respectful of private property rights (90% collective consent),
(B) ensure sustainable redevelopment (property must be at least 40 years' old, taking into account the state of repair), and
(C) empower the tribunal to apply their mind and a more even hand - not just from a silo financial perspective but also from the multi-faceted social, historical, community and environmental perspectives.
Even then, Hongkong's proposed relaxation to 80% collective consent comes loaded with additional conditions where all but one unit has been acquired and the property is at least 50 years' old. The Straits Times reported: "And yet. the opposition to the proposed change in some quarters in Hongkong has been fierce. The change, they say, is tantamount to a subsidy for developers as it would mean that they would not need to entice as many homeowners with a good sale price".
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(1) Developer-buyer "buys one, gets one free" at a minimum because land value is primarily unlocked for the developer in an en bloc (NOT the existing owners) and the Gahmen takes a cut through development charges, differential premiums and stamp duties; and
(2) Owner-occupiers are guaranteed NOT being able to replace their homes sold by courtesy of their neighbours unless they are prepared to be a Squatter, Refugee, Downgrader or Downsizer - instead of the Utopia promised during the en bloc proces
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Incidentally, more than two years ago, I posted a blog entry suggesting a minimum 30-year timeframe before an estate could be considered for en bloc sale:
http://singaporeenbloc.blogspot.com/2007/03/en-bloc-knowledge-ten-year-timeframe.html
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Under our present en bloc legislation, we have this 10-year estate age distinction. But, technically, we could go en bloc one day after the Temporary Occupation Permit (TOP) is issued if 90% (by share value and strata title area) agree within this 10-year period (majority consent level drops down to 80% once estate hits 10 years in age). Tracing back to the old parliamentary and Select Committee records, this bizarre "10-year estate age" legislative provision came about because the Gahmen was ostensibly concerned about the possibility of say, a small but new development sandwiched between two small/mid-size but very old estates, thus hampering optimal redevelopment of the two adjoining estates.
However, instead of taking the lead from Hongkong where the tribunal would be given the responsibility and discretion of evaluating the circumstances on a case-to-case basis (perhaps in consultation with urban planning authorities) for such OCCASIONAL EXCEPTIONS, Singapore took what I consider to be the easy and lazy way-out, viz, by applying the law carte blanche but with a higher consent level set at 90% (instead of the usual 80%). Hence, whenever I read press reports of Singapore's Sustainable Development initiatives, I'd take it with a huge dollop of salt and let out a snorting laugh from one end (adoi ... no need to ask what emanates from the other end lol!).
In Life, one can't get too serious, eh? And they say that "Laughter is the best medicine" too!