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WAULT, short for weighted average unexpired lease term, is a measurement used in commercial real estate to quickly judge the value of contracted rents in a property, or more commonly, a portfolio of properties.
In 2009, the HDB introduced the Lease Buyback Scheme, under which the HDB buys a proportion of the housing unit's lease at current resale prices. Additional schemes, such as the Silver Housing Bonus, under which the homeowner moves to a smaller flat, and the two-room Flexi scheme consisting of smaller flats with shorter leases, were introduced ...
(a) a lease extended by the operation of Section 6 of the New Territories Leases (Extension) Ordinance, Cap. 150; and (b) a lease under which there is an express obligation to pay an annual rent of an amount equal to 3% of the rateable value from time to time of the land leased.
Rules on CPF use and HDB loans will now focus on whether the HDB can last the owner for life, unlike on the HDB's remaining lease previously. They include allowing CPF use for ageing flats if it lasts the youngest buyer until 95, and a maximum HDB loan of 90 percent property price or valuation. The rules take effect the following day. [166] [167]
Build to order (BTO) is a real estate development scheme enacted by the Housing and Development Board (HDB), a statutory board responsible for Singapore's public housing. First introduced in 2001, it was a flat allocation system that offered flexibility in timing and location for owners buying new public housing in the country.
A 99-year lease is, under historic English law, since widely received abroad, the longest permissible term of a lease of real property. It is no longer the law in most common law jurisdictions today, yet 99-year leases continue to be common as a matter of business practice and conventional wisdom .
[4] [14] The HDB had to reassure them that this project was a one-off special residential development. [15] The Pinnacle@Duxton received much publicity in the media when it was launched in May 2004. Subsequently, the S$ 279-million construction contract was awarded to Chip Eng Seng Corporation, the lowest of the bids submitted. [ 16 ]
Britain acquired Hong Kong Island in 1842, Kowloon Peninsula in 1860, and leased the New Territories rent-free [1] in 1898.. The Convention between the United Kingdom and China, Respecting an Extension of Hong Kong Territory, [2] commonly known as the Convention for the Extension of Hong Kong Territory or the Second Convention of Peking, was a lease and unequal treaty signed between Qing China ...
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