How strong a consensus should we require when it comes to en bloc deals? The answer is that aligning varied and diverse stakeholder perspectives is rarely a neat mathematical exercise. Setting a consent threshold in a collective sale process is ultimately a judgment call.
Consider the extremes: A threshold set at 100 per cent allows a single holdout to keep hundreds of households in a deteriorating building. One set at just a simple majority leaves dissent with no weight at all. Any number between those two points invariably produces a losing side.
Dr Christopher Gee is deputy director (research) and senior research fellow at the Institute of Policy Studies, National University of Singapore.