Critics of the proposed reduction in consent thresholds for en bloc sales express significant concerns regarding the rights of minority owners. Lowering the consent requirement from 80% to 70% for developments over 10 years old could potentially lead to situations where a substantial number of owners are compelled to sell against their will.
Such a change might undermine the principle of unanimity in property decisions, leading to disputes and dissatisfaction among residents. Minority owners who do not wish to sell could find themselves in a position where they are legally bound to do so, despite their objections. This could result in legal challenges and a sense of injustice among those affected.
The current consent thresholds were established to protect individual property rights and ensure that collective decisions reflect the majority's will without coercing dissenting owners. Reducing these thresholds could erode these protections and set a precedent for further erosion of property rights in the future.
While the need for urban rejuvenation is acknowledged, it is crucial to balance this with the rights of property owners. The government must carefully consider the implications of such a policy change to avoid unintended consequences that could harm the very individuals it aims to assist.