1. **Housing Breakdown:**
* Approximately 85% of Singapore residents live in HDB flats.
* Around 12% stay in private condominiums or apartments.
* The top 3% own landed properties with land titles.
* Of these landed homes: about 1.5% are freehold, 1% are 999-year leasehold, and 0.5% are 99-year leasehold.
2. **Why No New Freehold Land Sales?**
* The government mainly releases land parcels on 99-year leases to manage land use efficiently and support long-term urban planning.
* When the government acquires freehold landed properties, it typically reissues them as 99-year leaseholds to maintain consistency in land tenure policy.
* This approach helps ensure land remains under controlled development, balancing growth and sustainability.
3. **Implications for Freehold Landed Properties:**
* Freehold landed properties are now very limited in supply.
* Because of their scarcity, they are highly valued and often considered prestigious assets.
* The hype around freehold landed homes in 2008 reflects their rarity and long-term investment appeal.
In short, freehold landed homes in Singapore are rare gems due to land policies, making them highly sought after by buyers who want long-term stability and exclusivity.
WhatsApp me at: ABLE Toh
(65) 9856-9255
or through this link.:https://wa.me/6598569255
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(1) "If you need more assistance with property matters:
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