It’s commonly known that landed properties are the most expensive form of property. However, what’s less known is that the landed segment is a two-part market: in no other segment is the difference between freehold and leasehold so significant. In fact, leasehold properties can be so much cheaper, they even fall below $1 million. This makes leasehold landed a viable option for some pure homeowners, who have no interest in capital gains or rental. Here’s where you might find some of the cheapest options:
The discrepancy between freehold and leasehold landed property in 2021
As of end-June 2021, the average price of a freehold landed property in Singapore was $1,455 psf, up around 46.8 per cent from the same time in 2011. Leasehold landed properties, however, averaged just $980 psf, appreciating a more modest 19.1 per cent over the past decade....