Ask those chaps who lived around Geylang Lor 3 after they had been evicted from their jiakhongchu.
https://mothership.sg/2020/11/hdb-lease-or-own/
What does the Geylang Lorong 3 leasehold expiry tell us about our 99-year HDB leases?
MS Explains: Will owners of 99-year lease HDB flats be subjected to the same "no compensation, no extension" transfer of the Geylang terrace houses?
We look at past government messaging and upgrading programmes for answers.
Nigel Chua |
November 23, 2020, 10:28 AM
The 60-year leases of 191 terrace houses at Geylang Lorong 3 will run out on Dec. 31, 2020.
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What does the Geylang Lorong 3 leasehold expiry tell us about our 99-year HDB leases?
MS Explains: Will owners of 99-year lease HDB flats be subjected to the same "no compensation, no extension" transfer of the Geylang terrace houses? We look at past government messaging and upgrading programmes for answers.
Nigel Chua |
November 23, 2020, 10:28 AM
The 60-year leases of 191 terrace houses at Geylang Lorong 3 will run out on Dec. 31, 2020.
Those living in the houses will be required to return their units to the state, the Singapore Land Authority
announced in 2017.
This triggered a flurry of articles in
The Straits Times (
ST)
over the years, serving as repeated reminders to owners and the public that these leases, which started in 1960, were finally coming to an end.
It isn't just the owners of these leasehold properties who are affected, however.
As this
marks the first time in Singapore that residential properties will be returned to the state, the handling of these leases' expiry will shed some light on what may happen when 99-year HDB leases come to an end in due time.