fbpx

Freehold / 999 years

Freehold or Leasehold Property (Singapore Real Estate)

Singapore properties are either freehold or leasehold. The common question is: which one is better?
Freehold properties in Singapore are termed as "Estate in Fee Simple" or "Estate in Perpetuity". They are in effect the same thing in layman terms.
Freehold lease condos are the most common types of tenure in Singapore. A freehold property simply means that the tenure of land or property can be held by the owner indefinitely while a leasehold property reverts to the state upon the expiry of its contracted lease.
Leasehold properties in Singapore are usually for 99 years or 999 years. Industrial buildings usually are 30-year leasehold. A 99-year leasehold means the property reverts to the government after 99 years. In Singapore, a leasehold property may be acquired under an enbloc sale to renew its lease and redevelop into a new building, usually with higher density.
Traditionally, freehold properties are favoured over leasehold properties due to perpetual ownership. However, with recent enbloc sales resulting home-owners pocketing a profit from the acquiring developers, leasehold properties are gaining popularity.
Furthermore, in the past, freehold properties tend to be in less central locations than leasehold properties. For example, any building near an MRT station would usually be leasehold. In terms of pricing, freehold tends to fetch a slightly higher price per square foot (PSF) than leasehold, although it may not be a like-for-like comparison due to the difference in location and other factors.
All new land plots released by the Singapore government now have a maximum of 99-years leasehold. There are still existing and new developments built on previously acquired land that are still freehold. But going forwards, the proportion of freehold properties in Singapore will decrease.

Knightsbridge Sukhumvit-Thepharak

                   Knightsbridge Sukhumvit-Thepharak ไนท์บริดจ์ สุขุมวิท เทพารักษ์ at Bang Mueang Mai, Mueang Samut Prakan District, Samut Prakan 10270, Thailand, Bangkok Open for Sale Now! No COMMISSION payable by Buyers! Enjoy Direct...

Nouvel 18

Nouvel 18(TOP) at 16 & 18 Anderson Road, Singapore Open for Sale Now! No COMMISSION payable by Buyers! Enjoy Direct Developer Price from Developer Sales Team Call/SMS/Whatsapp Nouvel 18 Hotline at +65 9105 9333 for enquiry! Nouvel 18 is a...

Luxus Hills

Luxus Hills at Luxus Hills Drive, Singapore Open for Sale Now! Flexible Payment Scheme !! Call/SMS/Whatsapp Luxus Hills Hotline at +65 9105 9333 for enquiry! Discover Luxus Hills, with its latest phase of 78 beautifully-crafted inter-terrace, corner terrace and...

Meyer Mansion

Meyer Mansion at 79 Meyer Road, Singapore Open for Sale Now Call/SMS/Whatsapp Meyer Mansion Hotline at +65 9105 9333 for enquiry! Meyer Mansion, the former Casa Meyfort, is nestled in the prestigious waterfront residential district of East Coast,...
IDEO-Q-PHAHOL-SAPHAN-KHWAI_TIVE

Ideo Q Phahol Saphan Khwai

Ideo Q Phahol Saphan Khwai at Phaholyothin Road, Samsen Nai, Phaya Thai District, Bangkok Open for Registration of Interest Call/SMS/Whatsapp Ideo Q Phahol Saphan Khwai Hotline at +65 9105 9333 for enquiry! The upcoming IDEO Q Phahol Saphan...
1
Hello!
How can we help you today?
Powered by