21 Jun '17, 3am

33 homeowners will have to hand back the vacated units to the state in 3-½ years with no compensation #propertynews https://t.co/qShlr0Yw1w

In a first for residential properties in Singapore, 191 private terraced houses at Lorong 3 Geylang will be returned to the State when their leases run out at the end of 2020, with no extensions allowed. For the 33 homeowners who are still residing there, time is running out. They will have to hand back the vacated units to the Singapore Land Authority (SLA) when their leases run out in 3-½ years with no compensation. Each of the 191 units will be assigned a dedicated SLA officer who will be the home owners' point of contact with the authorities, the authority said in a statement on Tuesday (June 20). Sixteen SLA officers went knocking doors around the estate, which were sold to residents on a 60-year lease term in 1960, to introduce themselves to the owners and guide them through the process. While only 33 units are owner-occupiers, the remaining units consist of temple o...

Full article: https://www.srx.com.sg/singapore-property-news/38232/stat...

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