Forum: Practical solutions needed to deal with issues facing ageing condos
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I refer to the report, “ Some ageing condos in Singapore struggle with failing infrastructure, inadequate sinking funds ”
With over 800 condominium developments at least 30 years old, Singapore faces a growing risk of deteriorating infrastructure that threatens both safety and property value.
I would like to suggest some practical solutions that work within Singapore’s legal and financial systems.
Management corporation strata titles (MCSTs) need better tools to finance major repairs. One option is government-backed, low interest loans with strict oversight. We could also allow automatic deduction of unpaid levies during property sales, ensuring financial transparency and continuity.
Special levies can be a heavy burden, especially for elderly residents. Means-tested assistance, such as subsidies or flexible payment plans, could help ensure no one is forced to choose between safety and savings.
The Building and Construction Authority should also be empowered to act faster and more decisively when MCSTs fail to maintain critical infrastructure.
This could include streamlined intervention processes and tougher penalties for non-compliance.
We must evolve Singapore’s regulatory framework to meet the realities of ageing private estates.
By bridging the gap between oversight and financial capability, we can protect both our homes and our communities.
Keith Wong
