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Paper: eres2001_133
| Paper title: | Innovative real estate legislation to husband Singapore’s scarce natural resource |
| Authors: | Christudason, Alice |
| Summary: | Government intervention has however, succeeded to a large extent in managing this seemingly intractable problem by putting into place an array of legislative measures. These are underpinned by a system of land administration and policy based on the English doctrine of tenures and estates in land which Singapore inherited as a result of colonisation in the early 19th century. The range of measures includes the leasehold being the dominant method of landholding, wide powers of compulsory land acquisition, the implementation of a public housing system for more than 87% of the nation’s population, the restriction on foreign ownership of residential property and planning and conservation legislation. In addition, there has recently been passed, highly controversial legislation affecting strata-title property ownership in Singapore which may call for a re-definition of the term `freehold’ tenure. This paper examines how the Government has grappled with this problem of land scarcity; in particular, it considers how innovative legislation, which has the underlying objective of allocating judiciously this scarce resource has been devised to regulate the real estate sector and optimise land use in Singapore. |
| Type: | |
| Year of publication: | 2001 |
| Series: | ERES:conference |
| Download paper: | |
| Citation: | Christudason, Alice (2001). Innovative real estate legislation to husband Singapore’s scarce natural resource. 8th European Real Estate Society Conference (26-29 June 2001) Alicante, Spain, http://itc.scix.net/paper/eres2001_133 |
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