Small Change

Tendering out plots with 60-year lease may be the way to go

Shorter tenures could be more in keeping with the times and realities

Golden Mile Tower in Beach Road, where all four lifts recently went kaput, requiring people to walk all the way up to the 22nd floor. PHOTO: ST FILE

Almost every day, it seems, another housing estate or condo throws its hat into the en bloc ring.

It seems like not many have much of an attachment to their home, not when there is a windfall to be made from any upturn in market sentiment.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Sunday Times on June 17, 2018, with the headline 'Tendering out plots with 60-year lease may be the way to go'. Subscribe