Singapore Government Considers New Regulations for Condo Management and Sinking Funds

Authorities in Singapore are exploring new requirements for condo management teams, including mandatory submission and publication of sinking funds for essential works, and stricter limits on proxy holdings.

4 Mar, 05:52 — 4 Mar, 05:52

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channel-news-asiaMostly Factual180d ago

Government may require condo management teams to submit, publish sinking funds for essential works

Authorities are also considering further limiting the percentage of total proxies that can be held by each household and ensuring that MCST members undergo proper training.

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Singapore Government Considers New Regulations for Condo Management and Sinking Funds

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Government may require condo management teams to submit, publish sinking funds for essential works

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