Homes in Singapore along with different lease periods:

30-year lease (HDB studio apartments)

60-year lease (private housings)

99-year lease (executive condominiums, private housings, all HDB flats except for studio apartments)

103-year lease (private housings) (Theses houses sit on freehold land owned by private developers.)

999-year lease (private housings)

Freehold (private housings)

*A land at Jalan Jurong Kechil is the 60-year-lease plot to be sold (on 15 November 2012) for residential development; thus 60-year-lease homes tend to be available ultimately.

Most housings in Singapore either crowd freehold or 99-year lease, with however making the bulk.

A 999-year lease is close to equivalent to freehold.

While 30-year-lease HDB studio apartments come into play short supply and just meant for elderly owners.

Private developments with a 103-year lease period (the lease period is a point of the developer) on freehold land are few and far between. At the expiry among the lease, the non-governmental land owner have the right to re-acquire the land (i.e. reversionary right), sell the freehold tenure or extend the lease for a price.

Residential properties with 60-year lease are not available yet, but will be in a few years’ time when development on preliminary 60-year leasehold residential land plot at Jalan Jurong Kechil is finished.

Homes in Singapore are predominantly 99-year leasehold because the government sells most arrives at 99-year tenure due to land scarcity in the united states. At the end of the lease period, the state can obtain the land any kind of compensation into the home individuals. Currently, the government does not offer freehold land parcels for sales anymore, apart from the sale of remnant State land to the adjoining landowner whose existing private land is already held under a freehold headings.

However, topping up of the lease of leasehold private housings is allowed.

Lessees may apply of a renewal for this lease the actual SLA (Singapore Land Authority). The granting of extension is on the case-by-case basis and will be considered if ever the development open for line with Government’s planning intentions, held by relevant agencies, and results in land use intensification, mitigation of property decay and preservation of community. In case the extension is approved, a land premium, decided through the Chief Valuer, will pay. The new lease will not exceed the original, visualize new and different will work as shorter belonging to the original as well as lease consistent with URA’s planning intention.

In addition, near the final of the lease period the State may want the land with regard to returned in the original types of conditions. If so, demolition of buildings, land fillings, etc. will have to be borne the particular current lessees.

For HDB flats, legally the flat will be returned to HDB at the end of the lease. HDB does not have to make any monetary compensation, affinity serangoon or offer a replacement flat to your owners. The owners may be also required to remove any fixtures fitting.