Asked by Ms. Angeline Lau
HI, I am keen in buy property in Singapore. I have few questions, please advice.
1. For 99 yrs property, at the end of 99 yrs, what will happen? property return to government or developer? If yes, Do I get any cash back or I get NOTHING at all?
2. I heard for 99 yrs property, so far there no case of property in Singapore which is own by the owner until 99 years, because around 40 - 50 years Developer will buy back and rebuild (ie. enblock). Is this True?
3. If no 2 questions is TRUE, so it does not matter whether is 99 yrs or freehold, because the property will not last until 99 years due to Developer will enblock when it is around 50 years? am I right to say that?
Please advice.. Thank you
1. For 99 yrs property, at the end of 99 yrs, what will happen? property return to government or developer? If yes, Do I get any cash back or I get NOTHING at all?
2. I heard for 99 yrs property, so far there no case of property in Singapore which is own by the owner until 99 years, because around 40 - 50 years Developer will buy back and rebuild (ie. enblock). Is this True?
3. If no 2 questions is TRUE, so it does not matter whether is 99 yrs or freehold, because the property will not last until 99 years due to Developer will enblock when it is around 50 years? am I right to say that?
Please advice.. Thank you
1969 views