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What is real estate?

Josh Wee Chert Ng

Chapter 1 in Real Estate Fundamentals, 2025, pp 1-38 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:OverviewDefining real estateIntroductionReal estate compared with land, buildings, and real propertiesLand ownershipFixturesUnderstanding real propertiesDifference between ownership and possessionPhysical, legal, and economic characteristics of real estatePhysicalLegalEconomicReal estate as an asset or serviceWhat is an asset?Real estate investmentOwner-occupied propertiesOther real estate modelsReal in the real estateReal and personal propertyLegal and equitable interestsJoint tenancy, tenancy-in-commonLot description and numberingEstate in the real estateIn the beginning…Tenure or estateState Lands Act 1920Leasehold land / DualityFee simple compared with estate in perpetuityLife estateEffect of Conveyancing and Law of Property Act and Intestate Succession ActReversionary and remainder interestOther rights on real estateCaveatEquitable interest in landEncumbrance, lien and chargeMortgageEasementRestrictive covenantOther Singapore legislation that affects real estateLand Acquisition Act 1966References

Keywords: Real Estate; Real Property; Leasehold; Freehold; Land Titles Act; Real Estate Developers; Master Plan; HDB; CPF; URA; SLA; CEA; Buyers Stamp Duty; BSD; ABSD; Seller's Stamp Duty; SSD; Management Corporation; MCST; Strata Title; Building Maintenance Strata Management Act; BMSMA; Real Estate Market; Real Estate Valuation; Highest And Best Use; Mortgage; Real Estate Financing; MAS; Loan to Value LTV; Mortgage Servicing Ratio MSR; Total Debt Servicing Ratio TDSR; Withdrawal Limit; CPF Grant; Conveyancing; Law Society of Singapore's Conditions of Sale; Gift; Trust; Succession; Residential Property Act; Restricted Property; Enbloc; Majority Consent; Strata Title Board; Planning Act; Building Control Act; Development Control; Temporary Occupation Permit TOP; Certificate of Statutory Completion CSC; Estate Agent; Real Estate Salesperson; Licence; Registration; Code of Practice; Code of Ethics Professional Client Care CEPCC; Estate Agents Act; Estate Agent (Estate Agency Work) Regulations; Disciplinary Committee; Disciplinary Panel; Leasing; Assignment; Novation; Subletting; Law of Contract; Landlord; Tenant; Fixtures; Fittings; Join Tenancy; Tenancy In Common; Land Registration; State Land Act; Conveyancing And Law of Property Act; Caveat; Charge; Easement; Restrictive Covenant; Supply; Demand; Land Betterment Charge; Long Term Review Plan; Eligibility; Divorce; Bankrupt; Family Nucleus; Singles; Title Deed; Tenure; Reversionary Interest; Plot Ratio; Building Height; Landed Residential; Condominium; Executive Condominium; Sales Licence; Option to Purchase OTP; Tender; Auction; Private Treaty; Advertising; Office; Retail; Industrial; Exclusive; Property Tax; Income Tax; GST; Property Management; CPD (search for similar items in EconPapers)
JEL-codes: K11 R14 R21 R3 R31 R33 R38 (search for similar items in EconPapers)
Date: 2025
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