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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.
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Year of publication: 2001
Series: ERES:conference
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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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