Changes to collective sale procedure

From 1st May 2004, the Land Titles (Strata) Act will be amended to provide greater transparency and certainty to flat owners during the collective (or more commonly, en-bloc) sale process. These changes are the result of feedback from the public, industry and Members of Parliament. (See Annex for details.)

Specifically, the changes are:

i. Flat owners are to be updated regularly on the number and percentage of owners who have executed the Collective Sale Agreement ("CSA");

ii. The CSA must be executed by the majority flat owners within 12 months; and

iii. The majority owners must find a purchaser and apply to the Strata Titles Boards within 12 months after executing the CSA.

The above changes will not apply to Collective Sale Agreements that have been executed by a flat owner before 1st May 2004.

Issued by:
Singapore Land Authority
30 April 2004