How to deal with the expiration of property rights in Singapore

There is no need to worry about the expiration of permanent property rights, and theoretically there is no need to worry about the property rights of 1999. So what if the property right expires in 1999? Next, I would like to give you some suggestions on the solution to the expiration of property rights in Singapore, hoping to help you.

Common treatment methods (1):

After the expiration of 1999, the owner may apply for the extension of property rights with capital contribution, but the government may not necessarily approve it.

Common treatment methods (2):

When the government resumes land, it will give compensation according to the current market price.

The commercial land requisition by the Singapore government, that is, the whole block (Singapore version of demolition), can be initiated by developers or owners' committees. Old buildings that are more than ten years old can be sold with the consent of 80% owners, and 90% can be sold within 10, and the principle that the minority is subordinate to the majority is adopted. Of course, the government will compensate according to the market price, and the owner can buy the same type of house in the same lot. Therefore, in Singapore, some people buy old buildings in bulk and get a premium.

The most popular treatment:

Singapore's land area is very small, so building houses cannot be expanded horizontally, and it can only be built to a higher place. So generally speaking, a developer will buy a house for more than 30 years and buy your house at a price higher than the current market price 15%-30%, provided that more than 90% of the owners of the property agree. Then you can buy other new houses, or buy a house that is about to be built in the same place.

Differences in property rights in Singapore

Investing in Singapore real estate, choosing 99-year property rights or permanent property rights, is even a question that every investor is thinking about.

However, in Singapore, this comparison is of little significance. Housing property right is only a small factor in the decision-making of buying a house, and it is the least influential factor in the decision-making of buying a house.

At present, the situation of mainland customers buying a house in Singapore can be roughly divided into the following two situations: first, buying a house in Singapore for self-occupation and changing the living environment; Second, it is convenient for children to learn. In fact, whether it is 1999 or permanent property rights, there are long-term property rights, legal protection and safe value-added conditions, so this can't be a difficult problem to think about.