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The developer is given a lease on the land on which the property is built for a set period of time. The lease length typically ranges from 30 to 99 years. The government enables the transfer of a leasehold property to freehold property in exchange for payment of conversion fees. It also ensures the right to purchase a new lease when the existing lease expires. So to answer your question, the treatment of property changes to freehold from leasehold only after the due process is followed to convert the property status as mentioned.
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2022-06-02T19:20:08+00:00 2022-06-06T21:51:46+00:00Comment
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