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Minister of Housing and Water Collin Croal (Photo: Office of the President/July 22, 20220)
“That is why Guyana is expected to evolve because it provides a gain, another lifestyle, another type of housing you can benefit from…you have a space, you pay for that space and no additional responsibility in dealing with yard space issues if you are busy or on the move,” he explained.
Described as a ‘modern’ piece of legislation, the Condominium Bill 2022, was passed on May 17 in the National Assembly, paving the way for the construction of condominiums and the conversion of existing buildings into units for individual ownership.
More importantly, it allows persons who have purchased duplexes or condominiums from the state to access their ownership documents for their lands.
The crafting and tabling of such a bill fulfills the promise of the PPP/C Government after it was discovered that the former Coalition Administration constructed duplexes (a home with two individually-owned units in one building) without amending the relevant legislation that guides the regulation of such properties. [Extracted and modified from the Department of Public Information]
