Good afternoon,
I guess this is a good illustration that the buying behavior in SG has its peculiarities, in the sense that freehold / leasehold factor is not always the top factor priority especially when the age of the developments are not that big of a gap and still relatively new.
If you use Sophia Hills as comparison, the relatively newer condition and design, bigger land size and facilities available, more efficient floor plans and facing of some units not as near the next block, all these factors seem to be prioritized over the tenure since the vibe and livability is better, and therefore higher PSF ranges are attained. The first buyers also set a price floor for the development, which supports the entry prices here.
Other factors including lesser transactions typically in freehold boutique developments to push up the overall price of the development over time, as well as higher maintenance fees with limited facilities use.
Hence sometimes 99 years leasehold projects can outperform freehold projects in the first 10 to 15 years of the completion.
May I know if you are looking to purchase only in this area? Happy to share some of my inputs.
Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
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-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.
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