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Hi,

All things equal, if its just a contest between tenure, freehold will theoretically hold up value much better than leasehold. However, it is not always the case on the ground, and some of below factors could explain the variance. Typically the leasehold condos are closer to amenities (transport, groceries, schools etc) and demand for such properties from the local market is always there as generally local buyers are more practical and prioritize these over tenure. However, I like to caution it is project dependent and condos that are too old, regardless of the tenure, may have a difficult time securing buyers due to their internal condition (interior and facilities etc) and dated exteriors. Also, generally speaking, we try to avoid selling when the balance lease of property is less than 60 years old (as financing restrictions kick in for the buyer).

It depends on your time horizon as well. Are you planning to stay for 20-30 years? May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng ERA ASAP
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Hi,

I have the same thinking as you over lease period before I join this industry.

However, after coming into the industry, I noticed that there are 99 leasehold property has better upside potential than some of the freehold.

The advantage of freehold as you already knew is you don't have to worry about much depreciation, and always can get a bigger share when there is an en-bloc. But I also saw a lot of freehold property has great potential en-bloc was rejected by the residents. And you are right that most of people who bought freehold are not concern of cashing out.

Whereas for 99 leasehold property residents are more open to en-bloc opportunity. As long as it is not too old, 30+ years used, it is still not difficult to sell.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Good afternoon,

With the context of Singapore, as long as you are not buying anything with lease of less than 80 years, you should be relatively safe.
Then even with leasehold, it may not be cheaper than freehold property, depending on their location and sizing. I would believe the objective would be to look at what is your main requirement.

Do feel free to contact me for further discussion.

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Mike Lim
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ERA

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Hi Sir,

I think it depends on how long you're planning to stay in this property.

If you're planning to stay over 20 years here, then it would make sense for you to go for a Freehold. Because if the property is 10 years old, at the end of another 20 years, your balance lease will be below 70 years. You will face challenges in selling off the unit, and your best bet would be to bank on en bloc happening.

However, if you're planning to stay only for the next 5-10 years, it doesn't matter if you go for freehold or leasehold. Go for somewhere where it is convenient and comfortable for your family.

If you have school-going children, I would suggest you to go for larger developments over small apartment status developments. In full fledged condos, there are more common facilities for your children to enjoy, and aid their development during their growing up years. These cannot be measured by money.

When we buy a private property, we don't buy just the 4 walls. We buy the common areas as well. It is not wrong to pay a higher psf for a developments with larger land area.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear sir,

I believe that this question is not only on your mind but many others, therefore I would always go back to the root of your needs about this purchase.

You have mentioned specifically that this upsizing is done because there is a family need to do so, therefore your choice of freehold projects, if compromising your family lifestyle, for example proximity to school, parents, work, transportation, amenities and etc, will unlikely be a wise choice from family perspective. I am assuming there is this debate going on because location is likely a compromise between leasehold and freehold.

Nevertheless, if we are plainly talking about potential upside in value or even capital protection, deciding on a freehold project will definitely be the safest option. Safest, doesn't mean better, therefore a feasibility studies into entry price, future development in the vicinity to future potential in terms of capital appreciation from resale or collective sale will come into the picture.

There is never an outright perfect housing solution, but which factor should be given higher priority over others and decision is made from there.

For example, I have recently purchased a place for my family too, and this place is directly opposite the school of my children. I paid a slight premium over it, as I can easily pay the same price or even lower price for a newer apartment somewhere further away. My decision was made from the intangible value perspective, the amount of time I save in travel to and from school and etc.

Hope this long post assist you in the decision making process.

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