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Forum: Practical solutions needed to deal with issues facing ageing condos
Forum: Practical solutions needed to deal with issues facing ageing condos

Straits Times

time3 days ago

  • Business
  • Straits Times

Forum: Practical solutions needed to deal with issues facing ageing condos

Sign up now: Get ST's newsletters delivered to your inbox I refer to the report, ' Some ageing condos in Singapore struggle with failing infrastructure, inadequate sinking funds ' (Aug 7), which highlights chronic issues such as lift breakdowns in ageing condominiums. 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. Top stories Swipe. Select. Stay informed. Singapore Liquor licences for F&B, nightlife venues extended to 4am in Boat Quay, Clarke Quay Singapore Chikungunya cases in Singapore double; authorities monitoring situation closely Singapore Student found with vape taken to hospital after behaving aggressively in school; HSA investigating Asia Cambodia, Thailand agree on Asean observers monitoring truce, but fundamental differences remain Asia Trump ratchets up tariff pressure on India, sparking despair among exporters and growth fears Singapore CDC and SG60 vouchers listed on e-commerce platforms will be taken down: CDCs Asia Australia's purchase of Japanese frigates signals a new era for Indo-Pacific security Singapore Some ageing condos in Singapore struggle with failing infrastructure, inadequate sinking funds 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

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