Types of property and home ownership in Singapore
In Singapore, property ownership mainly comprises of freehold estates, leasehold estates, and estates in perpetuity.
There are two main types of freehold estates. The first is the fee simple. A property owner who owns a fee simple in land, owns the property indefinitely, without the need to pay any rent, and upon his death, the property passes onto his successors. The second freehold estate is the life estate, which is much rarer, and confers ownership for the duration of the person’s lifetime.
Leasehold estates are mainly granted in terms of 999-year leases, or 99-year leases. The land belongs to the State, which leases the property to the leasee, for a fee, in exchange for exclusive possession and use, subject to certain conditions and covenants.
Finally, an estate in perpetuity is an interest in land, created by a grant of land to an individual by the State in perpetuity, subject to terms and conditions agreed upon by the two parties. Such an interest may also be governed by the State Lands Act.
Not Sure What To Do Next?
Get a 20-minute phone call with a lawyer for only $59
- Conveyancing Lawyers for Singapore Property Transactions
- Legal Issues to Note When Helping Your Child Buy a Property
- Property Title Deeds: How to Amend & Do You Need a Copy?
- Can I Buy an HDB Flat in Singapore For Investment Purposes?
- 6 Highly Rated Conveyancing Lawyers in Singapore (2023)
- The Conveyancing Process in Singapore
- Types of property and home ownership in Singapore
- Option to Purchase: 6 Things to Know Before Exercising It
- Common Terms in Sale & Purchase Agreements
- Why and How to Lodge a Caveat on a Property in Singapore
- Joint ownership in Singapore and unequal contributions to purchase price
- Buying Property in Singapore: How to Pay for Your Property
- Buying Property on "As Is Where Is" Basis: What This Means
- Buying a Property on Trust for Your Child
- What if the seller does not turn up for the First Appointment?
- What are the duties of an estate agent in Singapore?
- HDB Resale Process: Selling Your HDB Flat Without an Agent
- Property Auction: Buying a House in Distressed Sales & More
- Illegal Subletting in Singapore: Laws and Penalties
- What is Wear and Tear? Are Landlords or Tenants Liable For It?
- Evicting Family Members From Your Property in Singapore
- Being Evicted in Singapore: What Happens and Next Steps
- Guide to Letters of Intent for Property Rentals in Singapore
- Tenant-Landlord Rights in Singapore
- 6 Common Terms in Tenancy Agreements & What They Mean
- What If I Have a Tenancy Dispute or Complaint in Singapore?
- Getting a Mortgage Redemption in Singapore
- Landlord Won’t Return Your Security Deposit: What to Do
- Landlord’s Guide to Evicting a Problematic Tenant in Singapore
- Applying for a Writ of Distress When a Singapore Tenant Owes You Rent
- Are Landlords, Tenants, and Agents Liable for Sex Trade in HDB flats/Condominiums?
- Dispute With Your Condo’s Management or MCST: What to Do
- Is Airbnb Illegal in Singapore?
- Community Disputes Resolution Tribunals (CDRT): How to File a Claim
- How to Obtain an Exclusion Order Against a Neighbour in Singapore
- Resolving Disputes with a Neighbour from Hell in Singapore
- Ceiling Leaks: What Can I Do?
- What can I do if a Chinese funeral or a Malay wedding creates a noisy annoyance in the void deck?
- What is the Tort of Interference with Land? What is the rule in Rylands v Fletcher?