Theoretically speaking, value of freehold properties will hold up better over a medium to long-term horizon versus a leasehold property as there's a limited supply of freehold land. However,in my humble opinion, a lot more of resale value depends on location, floor, unit attributes, condition, facing, age of property, future infrastructure plans and prevailing market sentiment etc. Freehold properties value might hold up better but leasehold land tends to be nearer to key amenities and infrastructure nodes, so there's pros and cons to both. What's more important are your plans and objectives.
May I understand your requirements and plans further so to make better recommendations? Thanks and look forward to value-add to your housing plans further.
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If you are buying a property for investment, I would suggest you to go for a leasehold property as leasehold properties usually is located nearer to the MRT and amenities. The prices are also slightly lower as compared to freehold ones in the same district, translating to a higher rental yields.
Freehold properties tend to hold their values better in the long run ie more than 15 years. However, you will also need to bear in mind that as the property gets older, more will need to be spent on the maintenance of the façade and facilities etc. Older properties are also less appeal to tenants!
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If you're drawing comparisons based solely on the lease holding, of course there's a difference, especially on the mid- to long-term basis - there is no depreciation with regards to paper age for freehold/999-year leasehold properties, hence it'd be better investment options for the long term.
Feel free to contact me at your convenience, and we can carry on from there.
Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602
As you have cast an eye on prospective future sale, the issue you should consider should be the prospects of making a profit out from the sale instead of whether the project is leasehold or freehold. Therefore, you should be more interested in the supply of units in the vicinity, the upcoming and ongoing developments in the vicinity as core considerations before going into the age of property as well as its tenure moving forward. Of course, at the end of the day, if every of the above conditions presents the same, from size to price to supply as well as future developments, then of course it will be a no brainer to select a freehold project.
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Basically for leasehold, location will be an important factor.
Freehold typically value hold better even in low peak market.
Feel free to reach me via 91442664 for a detailed chat or discussion.
Looking forward to assist you in the entire procedure.
Hope to hear from you.
Propnex Realty Pte Ltd