More than 1,000 private residential developments in Singapore are now over 30 years old, raising urgent questions about how ageing condominiums should fund major repairs and upgrades. The Government is reviewing the Building (Strata Management) Act, with proposals that include lowering approval thresholds for essential works, requiring training for management council members, and potentially co-funding lift upgrades.

While many residents and managing agents welcome the changes, concerns remain about implementation, funding gaps and whether subsidies could unintentionally delay necessary maintenance. 

Joyce Lim, Senior Correspondent at The Straits Times covering property news, joins The Breakfast Show to unpack why ageing condos are becoming a growing issue in Singapore, the tensions between owner-occupiers and investors, and what the proposed reforms could mean for residents and estate management.

More than 1,000 private residential developments in Singapore are now over 30 years old, raising urgent questions about how ageing condominiums should fund major repairs and upgrades. The Government is reviewing the Building (Strata Management) Act, with proposals that include lowering approval thresholds for essential works, requiring training for management council members, and potentially co-funding lift upgrades.
While many residents and managing agents welcome the changes, concerns remain about implementation, funding gaps and whether subsidies could unintentionally delay necessary maintenance.&nbsp;
Joyce Lim, Senior Correspondent at The Straits Times covering property news, joins The Breakfast Show to unpack why ageing condos are becoming a growing issue in Singapore, the tensions between owner-occupiers and investors, and what the proposed reforms could mean for residents and estate management.

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Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.