FREEHOLD PROPERTY
- Freehold property belongs to the owner in perpetuity (without a time limit).
- The transfer of interest in the property can proceed without any restrictions or approvals from the state authority.
LEASEHOLD PROPERTY
- Leasehold property is land leased by the government for a specific term, most commonly for a duration of up to 99 years.
- The transfer of interest in a leasehold property to another party may require state authority approval.
INDIVIDUAL TITLE
- The transfer of interest in an individual-titled property to another party may require state authority approval.
STRATA TITLE
- This is a form of ownership that commonly applies to residential and commercial multi-storey buildings. It also applies to landed properties within a gated community.
- Strata title properties are made up of individual lots owned by individual owners and common properties.
