Singapore is lowering the threshold for en bloc sales—also known as collective sales—of older residential developments to 70 percent for properties between 40 and 59 years of age. This adjustment, announced by Edwin Tong, aims to address the escalating costs associated with maintaining aging buildings and to encourage urban renewal. Currently, a higher threshold of 80% or 90% is required for a successful en bloc sale, often hindering redevelopment efforts. The revised rules are intended to make it easier for owners to collectively sell their properties, allowing developers to rebuild and modernize aging estates. Officials believe this will provide homeowners with opportunities to upgrade their living spaces and unlock the value of their assets. This move seeks to balance the rights of individual owners with the need for Singapore to refresh its urban landscape and address the challenges of an ageing property stock. The lower threshold is expected to facilitate more frequent and efficient redevelopment projects across the island.