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Thursday, February 4, 2010

TODAY Online : Freehold' is a meaningless concept...

"'Freehold' is a meaningless concept..."

10:30 PM Feb 01, 2010

Letter from Li Sheng Wu

I refer to "Balance needs to be struck in en bloc laws" (Feb 1).

The statement from Ms Chong Wan Yieng from the Ministry of Law (MinLaw) that "owners had bought their flats on the clear understanding of their rights..." is what should be addressed. Many who bought flats 20 years ago bought them on the clear understanding that it would be their right and theirs alone to decide whether or not to sell their homes. When en blocs came into force, such rights were clearly taken away.

I agree with Ms Chong that "it would be wrong to alter those rights".

The en bloc law is an unbalanced law which should be considered for repeal. No one should have the rights to own their homes taken away. In fact, now, in Singapore, home is only really home if you buy a landed property, and condo owners find that "freehold" is a meaningless concept. Condos of 10 years are attempting en bloc.

The fact that some of us are new to this phenomenon because we were not being subject to en bloc sales in 2007 and therefore did not provide feedback to MinLaw then in no way diminishes a very real dilemma .

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