कोशिश गोल्ड - मुक्त
Chempaka residents worry about future with IO years left on leases
The Straits Times
|May 27, 2024
They hope the trustees managing the land will give them option to top up and stay on
When Mr J.C. bought his home in Jalan Chempaka Puteh for about $400,000 in 2007, he thought he had snagged the two-storey landed property at a good deal.
The semi-detached house, which the 76-year-old retired manager said is his dream home, sits on 3,600 sq ft of land in a quiet landed estate near Simpang Bedok.
But the property's lease is set to run out by August 2034.
"Now that there's only 10 years left (on the lease), I realised time is running short. No one knows if there's any possibility of extending the lease or if we will have to go," said Mr J.C., who is not married and declined to give his full name.
His home is one of 144 terraced and semi-detached houses in Jalan Chempaka Puteh, Jalan Chempaka Kuning and Bedok Road that have a 70-year lease beginning from 1964.
The large plot of land belonged to the late Mr Koh Sek Lim, a property owner in the east who died in 1948.
Checks showed that the homes have a land tenure of estate in perpetuity, or freehold. The land is currently managed by Camelot Trustees, according to a property title information search.
The Straits Times spoke to about 20 home owners who said they want more clarity on the fate of the land after the lease runs out. They also hope to be given the option to stay on.
A business owner who wanted to be known only as Ms Aishah, 67, said she hopes the trustees would give them the option to top up for a lease extension.
"Without an answer, we're in limbo and cannot plan ahead. For now, I'm not planning to move as I'm content here," said Ms Aishah, who has been living in Bedok Road for 25 years.
When contacted, a Camelot Trust spokesman said it could not reveal "the specific terms and duration of our agreements, as well as the details of any wills", due to confidentiality reasons.
यह कहानी The Straits Times के May 27, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
The Straits Times से और कहानियाँ
The Straits Times
RAMEN REVIVAL
Slurp up regional flavours from Japan and local hawker renditions
10 mins
November 02, 2025
The Straits Times
MIDDLE EASTERN MELTING POT
New eateries are putting their own spin on the cuisine, while established players keep pace with updated menus
11 mins
November 02, 2025
The Straits Times
From a super-saver to embracing 'die with zero'
After a lifetime of saving for the future, I recently opened up to the idea that maybe one should use up one's wealth before one dies.
6 mins
November 02, 2025
The Straits Times
MASTEROFMYUNIVERSE TO RULE
RACE 1 (1,200M) 4 Run Run Timing made a strong first impression for the Ricky Yiu stable, finishing a close second on his Class 5 debut and showing he is ready to win again. He draws wider in barrier 9 this time, but that effort confirmed he was heading the right way.
6 mins
November 02, 2025
The Straits Times
KEEPING CALM THE 'BIGGEST LESSON'
Sabalenka aims to keep her emotions in check in bid for first WTA Finals crown
2 mins
November 02, 2025
The Straits Times
New work by late M'sian poet
Two young editors have worked to posthumously publish In The Mirror: New And Selected Poems Of Wong Phui Nam
3 mins
November 02, 2025
The Straits Times
WILL POGACAR BECOME CYCLING'S G.O.A.T?
In this series, The Straits Times takes a deep dive into the hottest sports topic or debate of the hour. From Lamine Yamal's status as the next big thing to pickleball's growth, we'll ask The Big Question to set you thinking, and talking.
5 mins
November 02, 2025
The Straits Times
Sentosa Cove property prices buck mainland uptrend as loss-making deals rise
In July, a condominium unit at Marina Collection in Sentosa Cove was resold for $4.95 million, over 40 per cent below the price paid in 2008.
4 mins
November 02, 2025
The Straits Times
More HDB flat owners switching to bank loans as rates drop to 3-year low
Owners spoilt for choice as banks compete to offer attractive refinancing options
4 mins
November 02, 2025
The Straits Times
Beauty products and fried chicken: Korean culture meets diplomacy at summit
World leaders and business titans gathered in South Korea this week to hash out issues from tariffs and AI to regional security.
2 mins
November 02, 2025
Listen
Translate
Change font size
