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 the first 60-year-lease plot to be sold (on 15 November 2012) for residential development; thus 60-year-lease homes are going to available soon.

Most housings in Singapore either belong to freehold or 99-year lease, with the latter making increase the bulk.

A 999-year lease is almost equivalent to freehold.

While 30-year-lease HDB studio apartments are available short supply and merely 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. At the expiry of the lease, the non-governmental land owner has the right to re-acquire turned (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 is in several years’ time when development on the first 60-year leasehold residential land affinity serangoon plot at Jalan Jurong Kechil is done.

Homes in Singapore are predominantly 99-year leasehold for the reason that government sells most hits 99-year tenure due to land scarcity in this country. At the end of the lease period, the state can obtain the land with compensation to your home buyers. Currently, the government does not 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 headings.

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

Lessees may apply for one renewal among the lease without the pain . SLA (Singapore Land Authority). The granting of extension is on a case-by-case basis and seem considered when the development is actually in line with Government’s planning intentions, sustained 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 through the Chief Valuer, will be charged. The new lease will not exceed the original, the bootcamp will be the shorter belonging to the original or the lease in accordance with URA’s planning intention.

In addition, near finish of the lease period the State may require land to be returned in the original considerations. If so, demolition of buildings, land fillings, for instance. will have to be borne with 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 property flat to the owners. The owners may also be required eradicate any fixtures fitting.