Members of the Urban Renewal Council yesterday agreed that only 85 percent of condominium unit owners are required to agree to the redevelopment of buildings that are older than 40 years.
Currently, all condominium unit owners must agree to the redevelopment of their building, irrespective how old and in which condition it is, before it can go ahead.
A closed-door meeting of the council, chaired by Secretary for Transport and Public Works Raimundo do Rosario, was held yesterday at the Transport Bureau (DSAT). The government-appointed council is tasked with advising the government on its urban renewal policies.
Ip Sio Kai, group coordinator of the Urban Renewal Council, speaks to reporters after the council’s closed-door meeting at the Transport Bureau (DSAT) yesterday. Photo: Tony Wong
