Tuesday, 27 June 2017

Who does the leasehold revert to and also just what occurs after that?

Written by Posted On Tuesday, 17 January 2017 06:21

 


On the expiry of a 99-year leasehold, ownership of the land changes back to the state, and also the rights of any property owners are efficiently extinguished.

Greater than three-quarters of the land in Singapore is state-owned as well as held by the Singapore Land Authority (SLA) which serves as custodian of the land. The remainder is included the few pockets of freehold land held by various other federal government departments such as HDB, JTC, PSA as well as private owners.

But certainly homeowner will certainly be qualified to reasonable compensation for their houses that remain on the residential property Sadly not. The hard (and some may say unfair) reality is that the SLA has no obligation to reimburse or pay any kind of kind of payment at all.


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