❓ Hon Ken Travers inquires about Landcorp's enforcement of building timelines on residential land, and the number of blocks not meeting these obligations. Landcorp confirms the existence of timelines and enforcement mechanisms, and acknowledges 290 lots are currently non-compliant.
AnsweredQoN 3727Legislative Council
QuestionView source ↗
(1) Does Landcorp require purchasers of residential land, to construct dwellings on them within a prescribed timeframe?
(2) What are the prescribed timeframes?
(3) What action does Landcorp take to enforce any obligation to construct dwellings within a prescribed timeframe?
(4) How many blocks of land are currently not meeting any obligations for construction of dwellings?
(5) What are the locations of these blocks of land and the name of their purchasers?
(2) What are the prescribed timeframes?
(3) What action does Landcorp take to enforce any obligation to construct dwellings within a prescribed timeframe?
(4) How many blocks of land are currently not meeting any obligations for construction of dwellings?
(5) What are the locations of these blocks of land and the name of their purchasers?
AnswerView source ↗
Answered
12 April 2011
Responded by
Parliamentary Secretary representing the Minister for Lands
Response time
26 days
(1) Yes, most of LandCorp's residential land releases require the buyer to construct dwellings on them with a prescribed timeframe.
(2) The prescribed timeframe is 30 months to 36 months for residential and to reach practical completion.
(3) Where the buyer does not develop the property within this prescribed timeframe, the contract provides LandCorp with an option to repurchase. Most buyers who cannot meet the build timeframe will apply to LandCorp for an extension of time. These are assessed regularly and are approved where the buyer has made progress or where a buyer has suffered hardship and can evidence genuine reasons for not being able to build. LandCorp encourage its buyers by way of reminder communications of their obligations to build.
(4) As at 1 March 2011, LandCorp is managing 290 lots where the development timeframe has expired. Each buyer's circumstance varies and following a thorough investigation, the outcome will be either; the buyer is granted an extension, the lot is repurchased or LandCorp will allow the owner to on sell the lot if a repurchase is not favourable to LandCorp.
(5) The said 290 lots are located across the State and the reason for non compliance varies for each buyer. Discussions regarding the non compliance of these lots are still to be finalised, and to list every name would divert considerable resources and could impinge upon privacy matters as in many cases discussions that are being held are regarding hardships being faced by purchasers.
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(2) The prescribed timeframe is 30 months to 36 months for residential and to reach practical completion.
(3) Where the buyer does not develop the property within this prescribed timeframe, the contract provides LandCorp with an option to repurchase. Most buyers who cannot meet the build timeframe will apply to LandCorp for an extension of time. These are assessed regularly and are approved where the buyer has made progress or where a buyer has suffered hardship and can evidence genuine reasons for not being able to build. LandCorp encourage its buyers by way of reminder communications of their obligations to build.
(4) As at 1 March 2011, LandCorp is managing 290 lots where the development timeframe has expired. Each buyer's circumstance varies and following a thorough investigation, the outcome will be either; the buyer is granted an extension, the lot is repurchased or LandCorp will allow the owner to on sell the lot if a repurchase is not favourable to LandCorp.
(5) The said 290 lots are located across the State and the reason for non compliance varies for each buyer. Discussions regarding the non compliance of these lots are still to be finalised, and to list every name would divert considerable resources and could impinge upon privacy matters as in many cases discussions that are being held are regarding hardships being faced by purchasers.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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