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Living on a 99-year clock in Singapore’s leasehold homes
As the lease on their homes runs down, some worry about the falling value of the inheritance. Others simply treasure what their homes give them.
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A view of residential buildings in Tanjong Rhu, where most developments sit on 99-year leases.
ST PHOTO: DESMOND WEE
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SINGAPORE - My condo is a leasehold one, bought 20 years ago at a price I could afford.
I don’t think I will outlive the 99-year lease. That thought doesn’t bother me, especially when the unit has already served its purpose as a home, an investment and a place of memories.
