Homes in Singapore include 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 only 60-year-lease plot to be sold (on 15 November 2012) for residential development; thus 60-year-lease homes will be available early.

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

A 999-year lease will be equivalent to freehold.

While 30-year-lease HDB studio apartments can be bought in short supply and are only meant for elderly home buyers.

Private developments with a 103-year lease period (the lease period is dependent upon the developer) on freehold land are few and between. At the expiry from the lease, the non-governmental land owner gets right to re-acquire dirt (i.e. reversionary right), sell the freehold tenure or affinity serangoon extend the lease at a price.

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

Homes in Singapore are predominantly 99-year leasehold for the reason that government sells most lands on 99-year tenure due to land scarcity in america. At the end of the lease period, the state can choose the land without any compensation into the home operators. Currently, the government doesn’t offer freehold land parcels for sales anymore, aside from the sale of remnant State land to the adjoining landowner whose existing private land is already held under a freehold book.

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

Lessees may apply of a renewal from the lease the actual SLA (Singapore Land Authority). The granting of extension is on the case-by-case basis and are considered if ever the development is in line with Government’s planning intentions, maintained relevant agencies, and leads to land use intensification, mitigation of property decay and preservation of community. When the extension is approved, a land premium, decided along with Chief Valuer, will pay. The new lease will not exceed the original, and it will function as shorter for the original and your lease consistent with URA’s planning intention.

In addition, near the end of the lease period the State may need the land to get returned in the original conditions. If so, demolition of buildings, land fillings, in addition to. will have to be borne the particular current lessees.

For HDB flats, legally the flat will be returned to HDB in the end from the lease. HDB does not possess to make any monetary compensation, or offer an upgraded flat towards owners. Owners may additionally be required eradicate any fixtures fitting.