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 the first 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 set freehold or 99-year lease, with the latter making increase the bulk.

A 999-year lease is practically equivalent to freehold.

While 30-year-lease HDB studio apartments are available short supply and are only meant for elderly home buyers.

Private developments with a 103-year lease period (the lease period is according to the developer) on freehold land are few and a lot between. At the expiry for this lease, the non-governmental land owner delivers the right to re-acquire dirt (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 can in a few years’ time when development on the very 60-year leasehold residential land plot at Jalan Jurong Kechil is carried out.

Homes in Singapore are predominantly 99-year leasehold ever since the government sells most lands on 99-year tenure due to land scarcity in this country. At the end of the lease period, the state can buy the land with compensation to your home owners. Currently, the government does not offer freehold land parcels for sales anymore, besides the sale of remnant State land to the adjoining landowner whose existing private land is already held using a freehold 7steps.

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

Lessees may apply to get renewal of the lease with the SLA (Singapore Land Authority). The granting of extension is on a case-by-case basis and affinity serangoon are considered if ever the development is in line with Government’s planning intentions, sustained by relevant agencies, and just ends up with land use intensification, mitigation of property decay and preservation of community. If ever the extension is approved, a land premium, decided through the Chief Valuer, will pay. The new lease will not exceed the original, however it will work as shorter for the original or the lease consistent with URA’s planning intention.

In addition, near the end of the lease period the State may need the land become returned in its original considerations. If so, demolition of buildings, land fillings, etc. will have to be borne with current lessees.

For HDB flats, legally the flat will be returned to HDB at the end from the lease. HDB does not possess to make any monetary compensation, or offer a fresh one flat to your owners. Owners may be also required to get any fixtures fitting.