Unlocking Longevity The Benefits of a 99-Year Lease in Singapore’s Private Condo Market
:
Securing tenants quickly and minimizing vacancy periods is crucial for any landlord. However, it is important to note that an older condo may not be as attractive to potential tenants unless it is fully renovated. This could result in lower rent rates. To overcome this issue, consider listing your condo on a credible platform, such as condo rental, which naturally attracts a wider pool of interested renters.
First and foremost, it is important to understand the concept of a 99-year lease in the context of Singapore’s land ownership laws. In 1960, the Singapore government implemented the Land Acquisition Act, which gave them the power to acquire land for public development purposes. This meant that all land, including private residential land, could potentially be acquired by the government for public use. As a result, the 99-year lease was introduced as a way to ensure that the land would eventually …

