One of the most common questions we get is “Should I buy freehold instead of leasehold?” It’s a constant point of concern, although not one that’s easy to answer: property prices move for many different reasons besides the lease (or lack thereof). Nonetheless, an update is in order – so we’ve taken a look at the price movements of both since 2014. Here’s what we can see so far:
*Note: For this article, we will consider 999-year leases to be effectively similar to freehold.
Let’s look at freehold versus leasehold price movements, from 2014 to 2024
Here’s a general snapshot, based on unit sizes. This is based on all types of sale transactions (e.g., new to resale, resale to resale, and so forth).
We have, however, excluded new-to-resale transactions for Executive Condominiums (ECs). This is because ECs are sold at subsidised prices, so these transactions would distort the overall picture.
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