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S1E87: Should the Government fund condo repairs?
More than 1,000 private residential developments in Singapore are hitting their 30s, and some are starting to show signs of wear and tear.
But if residents have not been prudent in saving for these big-ticket items such as upgrading lifts and fixing spalling concrete, should the Government step in to help?
Mr Andrew Lioe, president of the Association of Strata Managers, and Mr Daniel Chen, a lawyer and partner at Lee & Lee, with a practice focused on Management Corporation Strata Title (MCST) disputes, weigh in on the challenges with managing sinking funds and the tension among different…
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