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Freehold properties in Singapore are described as "Estate in Perpetuity" or "Estate in Fee Simple". Leasehold properties in Singapore are usually 99 or 999 years. For example, a 99-years leasehold means that the property will goes back to our Government after 99 years. Freehold condominiums are limited and close to 80% of our land in Singapore is leasehold, generally expires on 99th year.
In the past, most of the investors are more attracted to the mentality of a "passing down a property for generations", but freehold status isn’t permanent. One of the important criteria is Location. Location is probably more important than lease in today's market especially when it comes to renting and resale.
However, there is an everyday worry that, as a Leasehold property ages, they will depreciate in value faster than Freehold. In fact, whether it is a boom or bust market, all properties will be affected in the same way. A good example was during the 2002 – 2005 cycle, some Freehold prices were no better than the Leasehold prices. Similarly, a leasehold property will appreciate just as fast as freehold counterparts during the boom. So, tenure isn’t always the significant to property prices; whether you buy a Freehold or Leasehold property.
Click on the links below to find out more on Freehold and Leasehold properties in Singapore:
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