Homes in Singapore come 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 most important 60-year-lease plot to be sold (on 15 November 2012) for residential development; thus 60-year-lease homes tend to be available soon.

Most housings in Singapore either set freehold or 99-year lease, with messy making along the bulk.

A 999-year lease will be equivalent to freehold.

While 30-year-lease HDB studio apartments come in short supply and basically meant for elderly occupants.

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

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

Homes in Singapore are predominantly 99-year leasehold given that the government sells most visits 99-year tenure due to land scarcity in the united states. At the end of the lease period, the state can acquire the land any kind of compensation for the home buyers. Currently, the government does not offer freehold land parcels for sales anymore, except for the sale of remnant State land to the adjoining landowner whose existing private land is already held under a freehold book.

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

Lessees may apply to get renewal from the lease the actual SLA (Singapore Land Authority). The granting of extension is on the case-by-case basis and tend to be considered if the development is within line with Government’s planning intentions, maintained by relevant agencies, and creates land use intensification, mitigation of property decay and preservation of community. In case the extension is approved, a land premium, decided from your Chief Valuer, will pay. The new lease will not exceed the original, that’s why will work as the shorter on the original as well as lease based on URA’s planning intention.

In addition, near the final of the lease period the State may require the land to get returned in the original considerations. If so, demolition of buildings, land fillings, etc. will have to be borne coming from the current lessees.

For HDB flats, legally the flat will be returned to HDB in the end from the lease. HDB does not have to make any monetary compensation, or offer property flat into the owners. The owners may additionally be required to get any fixtures fitting.