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The 191 private terraced houses in Geylang Lorong 3, with land leases expiring in 2020, have been in the news. It is the first case in Singapore where residential land is taken back by the government due to the expiry of the land lease. This has thrust the issue of residual tenure and property value in the spotlight.

In July 2000, the Singapore Land Authority (SLA) made public a table that expresses the value of a leasehold land as a percentage of freehold