Tuesday, January 5, 2010

103-year lease on freehold land

 
 

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via Lushhomemedia by luxuryasiahome on 12/29/09

Units will fetch lower prices but developer will retain interest in the site FLATS at Far East Organization's new project are being sold with a 103-year lease even though the project in Katong sits on freehold land. The rare step means Far East will have to settle for lower prices for the units, but it will retain [...]

 
 

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