A new regulation that aims to encourage owners to participate in general meetings for collective sales and minimise the risk of proxy abuse is seen as timely now that the market is revving up, observers say.
Amendments to the Land Titles (Strata) Act to restrict the number of owners a proxy can represent at such meetings came into force on Jan 18.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you