I REFER to last Saturday’s letters by Mr Dennis Butler (’En bloc sales: Adopt HK’s 50-year limit’) and Mr Augustine Cheah (’The difference’).
In 1999, the Land Titles (Strata) Act was amended to allow collective property sales by majority consent. One of the key considerations in this amendment was to facilitate urban renewal and avoid situations where a small minority of owners can hold up the sale of the development where the use of the land could be optimised.
We have taken steps under the Act to ensure the rights of all owners are adequately protected and provide recourse for those who feel aggrieved for any reason. For example, all collective sales applications have to be considered by the Strata Titles Board. Minority owners who object to the sale can raise their objections to the board, and the board is required to consider these objections before it decides on the outcome of the sales application.
In 2004 and 2007, we refined and updated the Act to provide more safeguards to owners in a collective sale process. For example, owners will have a Continue reading
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