21 Jun '17, 8am

Geylang homes to return to state once leases expire in 2020

View of shophouses along Geylang Road. (Photo: Wikimedia Commons) The land occupied by 191 private terrace houses at Lorong 3 Geylang will be returned to the state with vacant possession once their current leases expire on 31 December 2020, the Singapore Land Authority (SLA) said today. The terrace houses were offered on 60-year leases which started in 1961. Most of the homeowners have already moved out and are currently letting out the units to foreign workers and other occupants. In a statement, the SLA said: “As a general policy, leasehold land will return to the state upon lease expiry. This allows the land to be rejuvenated to meet the new social and economic needs of Singaporeans.” The agency has also assigned a dedicated officer to each owner to guide them through the lease expiry process. Located close to both the Kallang and upcoming Geylang Bahru MRT stations, th...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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View of shophouses along Geylang Road. (Photo: Wikimedia Commons) The land occupied by 191 private terrace houses at Loron...

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