The perspective on leasehold condos has been changing in recent years. Homebuyers are a little less hung-up on freehold status; that’s thanks to the high freehold premium and the realisation that many condos go en-bloc long before it matters. But this doesn’t change the fact that leasehold condos do depreciate over time – and many buyers still want to know what they can expect. So we took a look at the performance of older leasehold condos over the years: Looking at older leasehold condos For the following, we looked only at condos with 99 to 103-year leases. This covers 355 condos, with 61,766 transactions. First, let’s look at the average price per square foot of a leasehold condo, based on age: ADVERTISEMENT

Years/Age	Less Than 10 Years Old	Less Than 20 Years Old	Less Than 30 Years Old	Less Than 40 Years Old	Over 40 Years Old	Grand Total
2014	$1,356	$1,038	$900	$872	$870	$1,276
2015	$1,344	$1,033	$911	$828	$908	$1,222
2016	$1,384	$1,016	$854	$762	$816	$1,247
2017	$1,438	$1,019	$897	$805	$875	$1,272
2018	$1,408	$1,051	$959	$946	$1,007	$1,252
2019	$1,416	$1,059	$971	$976	$1,078	$1,242
2020	$1,363	$1,038	$940	$918	$944	$1,208
2021	$1,365	$1,101	$1,019	$987	$1,043	$1,251
2022	$1,462	$1,214	$1,134	$1,071	$1,124	$1,361
2023	$1,583	$1,342	$1,232	$1,175	$1,230	$1,465
2024	$1,606	$1,398	$1,279	$1,206	$1,159	$1,504
Grand Total	$1,410	$1,100	$991	$931	$997	$1,283

So those of you looking for a quantum of under $1.5 million (affordable to many HDB upgraders),...