{"id":58476,"date":"2017-06-20T16:12:32","date_gmt":"2017-06-20T09:12:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-homes-to-return-to-state-once-leases-expire-in-2020\/"},"modified":"2017-06-20T16:20:33","modified_gmt":"2017-06-20T09:20:33","slug":"geylang-homes-to-return-to-state-once-leases-expire-in-2020","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-homes-to-return-to-state-once-leases-expire-in-2020\/","title":{"rendered":"Geylang homes to return to state once leases expire in 2020"},"content":{"rendered":"


\nView of shophouses along Geylang Road. (Photo: Wikimedia Commons)
\nThe 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.
\nThe terrace houses were offered on 60-year leases which started in 1961.
\nMost of the homeowners have already moved out and are currently letting out the units to foreign workers and other occupants.
\nIn a statement, the SLA said: \u201cAs 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.\u201d\u00a0
\nThe agency has also assigned a dedicated officer to each owner to guide them through the lease expiry process. \u00a0
\nLocated close to both the Kallang and upcoming Geylang Bahru MRT stations, the 2.0ha site is slated for future public housing.
\nAs part of the Master Plan to revitalise Kallang, new public housing projects are slated for Boon Keng, Bendemeer and around Kallang MRT station. New private homes will also be built in Kampong Bugis.
\nIn addition, there will be green spaces, water bodies and new public facilities like the Sports Hub.
\n\u201cResidents can look forward to a better living environment, more leisure options, new transport facilities and more jobs closer to their homes,\u201d said the SLA.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Geylang homes to return to state once leases expire in 2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of shophouses along Geylang Road. (Photo: Wikimedia Commons) The land occupied by 191 private...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-58476","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fda","jetpack-related-posts":[{"id":68154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-help-lorong-geylang-households-get-new-flats\/","url_meta":{"origin":58476,"position":0},"title":"Gov\u2019t to help Lorong Geylang households get new flats","date":"October 4, 2017","format":false,"excerpt":"\r According to SLA, owner-occupants will not be left without options. The authorities have pledged to help the 35 households along Lorong 3 Geylang that plans to acquire a new Housing Board flat, reported Today Online. However, some of the households may have to dispose of their other properties before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36226,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-pledges-clarity-on-dealing-with-land-lease-expiry-issue\/","url_meta":{"origin":58476,"position":1},"title":"China pledges clarity on dealing with land lease expiry issue","date":"November 28, 2016","format":false,"excerpt":"\r China\u2019s cabinet has pledged to come up with a plan to deal with the expiry of residential land leases, a critical issue given that the country\u2019s hundred-trillion yuan worth of property assets are at stake. In State Council-issued guidance on property rights protection, the Chinese government has for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-ageing-properties-not-in-rush-to-sell\/","url_meta":{"origin":58476,"position":2},"title":"Owners of ageing properties not in rush to sell","date":"June 29, 2017","format":false,"excerpt":"\r \u00a0 While the options of homeowners of ageing developments, are limited due to the properties\u2019 short lease, they are still not in a rush to sell, reported Today Online. The homeowners\u2019 options were brought under the limelight following the Singapore Land Authority\u2019s confirmation that no compensation will be given\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79001,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-geylang-land-for-13m\/","url_meta":{"origin":58476,"position":3},"title":"Oxley acquires Geylang land for $13m","date":"February 6, 2018","format":false,"excerpt":"\r Oxley intends to develop a mixed-use project on the site called Sixteen35 Residences.\u00a0 Oxley Holdings, via its fully-owned subsidiary Oxley Pearl, has acquired a 99-year leasehold site from Huang Shi Zong Hui (Singapore) for $13 million. Located at 16 Lorong 35 Geylang, the land area measures about 2,219.6 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113987,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-fong-mansions-and-wing-fong-court-in-geylang-for-sale\/","url_meta":{"origin":58476,"position":4},"title":"Wing Fong Mansions and Wing Fong Court in Geylang for sale","date":"January 31, 2020","format":false,"excerpt":"\r \u00a0 Wing Fong Mansions in Geylang has been put up for collective sale by PropNex Realty with a S$176 million reserve price, reported The Business Times. 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