Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/226166
Title: DERIVATION OF AN EQUITABLE METHOD FOR SHARE VALUES ALLOTMENT FOR MIXED DEVELOPMENTS
Authors: WONG SZE PENG DANNY
Issue Date: 2004
Citation: WONG SZE PENG DANNY (2004). DERIVATION OF AN EQUITABLE METHOD FOR SHARE VALUES ALLOTMENT FOR MIXED DEVELOPMENTS. ScholarBank@NUS Repository.
Abstract: The strata title development system facilitates the ownership of different titles to individual units within a multi-unit development and collective ownership of the common property as tenants in common. However, achieving an equitable allotment share values to each strata unit of a subdivided property is a barrier to the widespread application of the concept to complex mixed developments. Three concerns on the present share values allotment system were highlighted. First, the dissatisfaction of the subsidiary proprietors on the inequitable share values allotted, Secondly, the difficulty of allotting equitable shares values to a mixed developments. The last concern is the emergence of complex and large scale mixed developments, there is a need for the authorities to review the current system to ensure better property management. This study seeks to highlight the inadequacies in the present guidelines with respect to mixed use developments. It examines other countries' allocation systems and attempt to propose a new method of allocating share values for mixed development. Last but not least, the proposed method will be applied in a case study to compare with the present system of share value allotment. The result of comparison shows that the proposed method has a more equitable system of allotting share values for mixed developments.
URI: https://scholarbank.nus.edu.sg/handle/10635/226166
Appears in Collections:Bachelor's Theses

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