Non-Landed Properties Sold Under Collective Sale Agreements

Debated in Parliament on 12 Nov 2012.

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Ellen Lee asked the Minister for Law for statistics on non-landed properties sold via collective sale agreements, broken down by consent, owner-occupier or investor status, and years of ownership.
K Shanmugam responded that voting rights in collective sales depend only on unit size, not on occupancy or ownership duration, so the requested statistics are not tracked.
The exchange highlights that all owners have equal rights regardless of their status or tenure, and the government does not collect the specific data sought by the Member.

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Full Transcript

Ellen Lee

Ms Ellen Lee asked the Minister for Law up to September 2012, what is the number of non-landed properties sold with unanimous or majority consent under collective sale agreements (CSAs), with a breakdown of the number of units indicating consent or dissent/no action of owner-occupied and investor-occupied units respectively and by ownership tenure of (i) less than five years (ii) between five and 10 years (iii) between 10 and 20 years (iv) 20 or more years, as at the date of first signature of the CSA.

Page: 1159

K Shanmugam

The voting rights of an owner in a collective sale depend on the size of his unit. In other respects, the rights of all owners are the same, whether they are occupiers or investors, and regardless of the length of ownership. We, therefore, do not track the statistics sought by the Member.

Page: 1159

Summary written by AI (learn more)

Ellen Lee asked the Minister for Law for statistics on non-landed properties sold via collective sale agreements, broken down by consent, owner-occupier or investor status, and years of ownership.
K Shanmugam responded that voting rights in collective sales depend only on unit size, not on occupancy or ownership duration, so the requested statistics are not tracked.
The exchange highlights that all owners have equal rights regardless of their status or tenure, and the government does not collect the specific data sought by the Member.

Questions identified by AI (learn more)

Non-Landed Properties Sold Under Collective Sale Agreements | PAPERCUTS

Non-Landed Properties Sold Under Collective Sale Agreements

Debated in Parliament on 12 Nov 2012.

Summary written by AI (learn more)

Ellen Lee asked the Minister for Law for statistics on non-landed properties sold via collective sale agreements, broken down by consent, owner-occupier or investor status, and years of ownership.
K Shanmugam responded that voting rights in collective sales depend only on unit size, not on occupancy or ownership duration, so the requested statistics are not tracked.
The exchange highlights that all owners have equal rights regardless of their status or tenure, and the government does not collect the specific data sought by the Member.

Questions identified by AI (learn more)

Full Transcript

Ellen Lee

Page: 1159

K Shanmugam

Page: 1159

Summary written by AI (learn more)

Ellen Lee asked the Minister for Law for statistics on non-landed properties sold via collective sale agreements, broken down by consent, owner-occupier or investor status, and years of ownership.
K Shanmugam responded that voting rights in collective sales depend only on unit size, not on occupancy or ownership duration, so the requested statistics are not tracked.
The exchange highlights that all owners have equal rights regardless of their status or tenure, and the government does not collect the specific data sought by the Member.

Questions identified by AI (learn more)

Non-Landed Properties Sold Under Collective Sale Agreements

Summary

Questions Identified

Full Transcript

Ellen Lee

K Shanmugam

Summary

Questions Identified

Non-Landed Properties Sold Under Collective Sale Agreements

Summary

Questions Identified

Full Transcript

Ellen Lee

K Shanmugam

Summary

Questions Identified