Singaporeans love freehold properties; and in many discussions, there’s an emphasis on the permanence of a housing asset. Many feel that a leasehold property is too transient, or complain that even a freehold property might be seized by the government. But behind all this, there’s an important question that’s rarely asked: How long does the typical condo survive in Singapore? Or to put it simply, how much of the 99-year lease actually gets used? We took a deeper look:
When do most condos that go en bloc sell?
To date, we have yet to see a single residential project reach the end of its 99-year lease. In fact, the only time we’ve seen a residential project reach the end of its lease was in Geylang Lorong 3, when 191 units reached the end of their 60-year lease.
So when it comes to the condos in Singapore, especially those that are 99-year leasehold in nature, just how many would end up
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