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flag Singapore to overhaul aging building governance with lower repair thresholds, fund transparency, and safety upgrades.

flag Singapore is reviewing changes to improve governance and maintenance in older strata-titled buildings, focusing on aging infrastructure and senior living needs. flag Proposed measures include lowering consent thresholds for essential repairs, requiring public sinking fund plans, standardizing financial reporting, limiting proxy voting, and training management committee members. flag The government is also considering expanding the Accessibility Fund and introducing co-funding for safety upgrades like lifts and escalators. flag These efforts aim to enhance transparency, fairness, and long-term sustainability in estate management.

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