"Nowadays the govt can still take back 99 year leasehold land as
long as they gazette it as "for a public purpose" such as road
widening or building MRT. The payment is $1"
Any info to substantiate?
And I do agree the Typhoon would be a worrying buy.
This falls under the Land Acquisition Act.
Notification that land is required for specific
purposes.
5. —(1) Whenever any particular land is needed
—
(a) for any public purpose;(b) by any person, corporation or
statutory board, for any work or an undertaking which, in the
opinion of the Minister, is of public benefit or of public utility
or in the public interest; or(c) for any residential, commercial or
industrial purposes,
the President may, by notification published in the
Gazette, declare the land to be required for the purpose
specified in the notification.
Okay let's not deviate from the thread too much. Check it out at
http://statutes.agc.gov.sg
How do you think roads get widened etc?