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
- Isabelle Liew
Chempaka residents worry about future with IO years left on leases

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.

この蚘事は The Straits Times の May 27, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Straits Times の May 27, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE STRAITS TIMESのその他の蚘事すべお衚瀺
PANG PERSISTS FOR S'PORE VICTORY
The Straits Times

PANG PERSISTS FOR S'PORE VICTORY

Endurance propels I7-year-old to maiden Tour win at rain-delayed Ladies Masters

time-read
3 分  |
June 17, 2024
MBAPPE WILL BE UNSTOPPABLE: CISSE
The Straits Times

MBAPPE WILL BE UNSTOPPABLE: CISSE

Les Bleus captain back to his best with club future settled, says former France forward

time-read
2 分  |
June 17, 2024
SUPERSUB WEGHORST DELIVERS
The Straits Times

SUPERSUB WEGHORST DELIVERS

Striker continues to shine on the big stage, scoring 83rd-minute winner against Poland

time-read
3 分  |
June 17, 2024
Ashwath, 8, wants to be one of youngest grandmasters
The Straits Times

Ashwath, 8, wants to be one of youngest grandmasters

Having become the youngest player to beat a grandmaster recently, eight-year-old Ashwath Kaushik has set his sights on attaining chess’ highest rank soon.

time-read
2 分  |
June 17, 2024
BOL RELISHES 'NICE BATTLE' AT OLYMPICS
The Straits Times

BOL RELISHES 'NICE BATTLE' AT OLYMPICS

She seeks best form for highly anticipated hurdles race against McLaughlin-Levrone

time-read
3 分  |
June 17, 2024
GHALIB DOWNS THE MONKEY
The Straits Times

GHALIB DOWNS THE MONKEY

Up-and-coming 4YO rolls hot favourite after ace rider Nunes stacks up the speed in front

time-read
3 分  |
June 17, 2024
Less meat on menus and fewer new venues: How the Olympics are trying to go green
The Straits Times

Less meat on menus and fewer new venues: How the Olympics are trying to go green

Paris event organisers pledge to halve greenhouse gas emissions from London and Rio levels.

time-read
5 分  |
June 17, 2024
Investing in sustainability offers long-term opportunities: GIC
The Straits Times

Investing in sustainability offers long-term opportunities: GIC

It sees prospects for market growth, better returns even as climate change risks rise

time-read
5 分  |
June 17, 2024
Bitcoin miners pivot to South-east Asia after China crackdown
The Straits Times

Bitcoin miners pivot to South-east Asia after China crackdown

The 6.9ha cement slab in the middle of a Borneo industrial area once belonged to a logging company. Long ago, that business abandoned the site to the elements, leaving just rudimentary structures and a four-storey concrete birdhouse made to lure swiftlets whose nests, built with saliva, fetch high prices in China.

time-read
4 分  |
June 17, 2024
The Straits Times

GameStop fever stirs questions of market manipulation

Trading firms, former fans of influencer Keith Gill are eyeing him with suspicion

time-read
2 分  |
June 17, 2024