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Public housing in Singapore- all HDB flats are sold with 99 year leases. Upon expiry of the lease control reverts to the government of Singapore. Africa. Suakin Island – On 17 January 2018, as part of a rapprochement with Sudan, Turkey was granted a 99-year lease over Suakin island. Turkey plans to restore the ruined Ottoman port city on the ...
A freehold, in common law jurisdictions such as England and Wales, Australia, [1] Canada, Ireland, and twenty states in the United States, is the common mode of ownership of real property, or land, [a] and all immovable structures attached to such land. It is in contrast to a leasehold, in which the property reverts to the owner of the land ...
Property law. Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments being on different levels. Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ...
Most public housing in Singapore is lessee-occupied. Under Singapore's housing leasehold ownership programme, housing units are sold on a 99-year leasehold to applicants who meet certain income, citizenship and property leasehold ownership requirements. The estate's land and common areas continue to be owned by the government.
The Law of Property Act 1925, s. 153, contains provisions for the "enlargement" of leases into freeholds, one of the effects of which is to preserve the enforceability of positive covenants contained in the lease against the resulting freehold. There are clear, but stringent, requirements.
Build to order ( BTO) is a real estate development scheme enacted by the Housing and Development Board (HDB), a statutory board responsible for Singapore 's public housing. First introduced in 2001, it consists of a flat allocation system that offers flexibility in timing and location for owners buying new public housing residences in the country.
e. In law, an equitable interest is an "interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title) or claimed on equitable grounds, such as the interest held by a trust beneficiary ". [1] The equitable interest is a right in equity ...
Siglap is a residential area where a majority live in landed homes such as freehold terrace houses, semi-detached houses, and bungalows. Some of the land parcels near Siglap Centre have been redeveloped into serviced apartments and condominiums. There are also other apartments and condominiums in the Siglap area.