{"id":17752,"date":"2022-06-26T16:00:12","date_gmt":"2022-06-26T08:00:12","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=17752"},"modified":"2022-07-01T15:33:00","modified_gmt":"2022-07-01T07:33:00","slug":"99-year-leasehold-freehold-condo","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/99-year-leasehold-freehold-condo\/","title":{"rendered":"Should you buy a 99-year leasehold over a freehold condo?"},"content":{"rendered":"
<\/div>

When it comes to picking between a leasehold and freehold condo, it all boils down to one thing when all other factors such as location, cost, size, and so forth are neck and neck: the lease term.<\/strong><\/p>\n

In theory, between two condo units that are similar in every respect other than lease, the freehold unit is preferable. However, comparisons are seldom this simplistic, and there are other factors to consider:<\/p>\n

Three main things to know about leasehold condos<\/h2>\n

Having spoken to many of leasehold condo buyers over the past few months, it turns out there their considerations can be condensed into three general guiding principles<\/span>. If you nod your head at any of these, then go ahead and consider buying a 99-year leasehold over a freehold condo project:<\/p>\n

    \n
  1. There’s no substitute for a superior location<\/li>\n
  2. Buy leasehold to win at real-life Monopoly<\/li>\n
  3. A house is not a (permanent) home<\/li>\n<\/ol>\n

    1. There’s no substitute for a superior location<\/strong><\/h2>\n

    For condo properties, location could well be a bigger determining factor for capital appreciation than tenure.<\/strong> Here’s our comparison between condos in Novena and Sembawang:<\/p>\n

    \"Leasehold<\/p>\n

    Looking at average psf prices in the 15-year chart, the 99-year leasehold condos in the prime district of Novena have had a much bigger upside than freehold condos in far-flung Sembawang. The following two points are also noteworthy:<\/p>\n