Scarcity of Land to be addressed in Strata Title concept for Solomon Islands
Strata Title is a long overdue land administration system in the
Ministry of Lands Housing and Survey.
Recently the Solomon Islands Government and Caucus have endorsed the
concept of Strata Title for Solomon Islands.
Strata Title is a form of land
tenure system that allows units in a building to be individually owned, while
the ‘parent’ land title is owned by all unit owners in common.
Some of the reasons why this system would be beneficial are because of the scarcity of land and the costs involved to acquire land and to further develop it. With the high cost of rentals, this would encourage development of land for medium and high-rise apartments which would enable more affordable units for average citizens of the Solomon Islands.
Some of the reasons why this system would be beneficial are because of the scarcity of land and the costs involved to acquire land and to further develop it. With the high cost of rentals, this would encourage development of land for medium and high-rise apartments which would enable more affordable units for average citizens of the Solomon Islands.
Mary Tegavota and SPC’s Chief Technical Adviser Alan McNeil has spent
months in consulting with developers, banks and lawyers in Solomon
Islands. It is hoped that a Strata
Titles Bill will be ready for Parliament’s consideration later this year. Ms Tegavota says this would also bring a new
face lift to Solomon Islands once this Strata Title Bill is passed in
parliament.
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