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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 on different levels. Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks.
The Pinnacle@Duxton is a 50-storey residential development in Singapore 's city center, next to the business district. [1] All seven connected towers are collectively the world's tallest public residential buildings, and featuring the two longest sky gardens ever built on skyscrapers, at 500m each. [2][3][4][5]
This is a list of countries and territories by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area. [ 1 ] Country or Territory
Ground rent. As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the ...
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. [79]
e. 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 ...
The Housing & Development Board (HDB; often referred to as the Housing Board), is a statutory board under the Ministry of National Development responsible for the public housing in Singapore. Established in 1960 as a result of efforts in the late 1950s to set up an authority to take over the Singapore Improvement Trust 's (SIT) public housing ...
In 2012, Sandy Island development won Best Residential (Low Rise) Award at the 2nd FIABCI Singapore Property Awards. In 2018, YTL Land launched its freehold condominium, 3 Orchard By-the-Park, the first luxury high-rise project in Singapore.