�Too little too late�

Wednesday, July 16, 2014

In the near future, citizen tenants will be favoured to buy sections of buildings like this one

In the face of exorbitant property prices, Members of Parliament (MPs) were this week cautious about a proposed bill seeking to give citizens priority in buying sectional units.

Although MPs welcomed the bill, they also said the proposed law could be too little too late as many Batswana do not qualify for financing to buy property.

The Sectional Titles (Amendment) Bill amends the Sectional Titles Act to make it mandatory for any property developer to give citizens the first option to buy a unit within a building - whether existing, newly built or in the process of being developed.

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