In theory, freehold condos should continue to appreciate well over the years. One common argument you’ll hear, for example, is that because developers won’t need to top up the lease, freehold projects have better en-bloc value and potential. But there’s growing skepticism these days, as some ponder whether maintaining a condo for 40+ years is truly viable – and with new projects appearing nearby, could a very old condo still appreciate well, even if it’s freehold? We took a look:
Average freehold condo prices based on age:
| Year/Age |
Less Than 10 Years Old |
Less Than 20 Years Old |
Less Than 30 Years Old |
Less Than 40 Years Old |
40 Years Or More |
Grand Total |
| 2014 |
$1,609 |
$1,249 |
$1,212 |
$1,194 |
$1,003 |
$1,510 |
| 2015 |
$1,588 |
$1,222 |
$1,124 |
$1,148 |
$1,029 |
$1,441 |
| 2016 |
$1,663 |
$1,210 |
$1,100 |
$1,140 |
$1,051 |
$1,475 |
| 2017 |
$1,705 |
$1,235 |
$1,167 |
$1,180 |
$1,172 |
$1,505 |
| 2018 |
$1,821 |
$1,345 |
$1,238 |
$1,320 |
$1,264 |
$1,620 |
| 2019 |
$2,118 |
$1,444 |
$1,308 |
$1,342 |
$1,279 |
$1,804 |
| 2020 |
$1,963 |
$1,423 |
$1,290 |
$1,359 |
$1,169 |
$1,695 |
| 2021 |
$2,057 |
$1,621 |
$1,384 |
$1,445 |
$1,364 |
$1,816 |
| 2022 |
$2,280 |
$1,741 |
$1,507 |
$1,625 |
$1,622 |
$1,999 |
| 2023 |
$2,459 |
$1,846 |
$1,617 |
$1,671 |
$1,567 |
$2,117 |
| 2024 |
$2,427 |
$1,873 |
$1,702 |
$1,627 |
$1,592 |
$2,000 |
| Grand Total |
$1,944 |
$1,492 |
$1,346 |
$1,375 |
$1,381 |
$1,730 |
...
