What type of property and land are eligible for the deposit subsidy?
There are four types of property and land ownership arrangements the deposit subsidy can be used for. They are:
| Type of land (estate in land) |
Description |
| Fee simple | Owners are entitled to unrestricted use of the land and may dispose of the land in any way they wish (subject to any relevant laws). |
| Stratum estate freehold and leasehold | Common type of ownership for apartments where an undivided portion of a larger property is owned collectively and a smaller portion (the unit) is owned exclusively. |
| Cross-lease (freehold and leasehold) | Ownership of the land is shared and each owner leases their house from the other landowners. The cross lease agreement outlines the rights and obligations of each owner. |
| Leasehold land |
The owner of the land with a fee simple title (see above definition) enters into a legal agreement (lease) to transfer the right to occupy/use the land to another legal entity for a specific period of time. The lease usually outlines a number of conditions, including the payment of ground rent to the landowner and the lease may be registered against the land title. |
