Apartment voting ratios under review
The government may soon introduce new measures to make it easier for old, ageing apartment buildings to be redeveloped. Currently, 100% of apartment owners must agree before their building can be demolished and the land sold, but this ratio may be reduced to 80%.
It is hoped that this will encourage the development of newer and more earthquake-resistant buildings which will improve the safety of neighbourhoods. It may also help to revitalise the real estate market.Read more