Amenities

Amenities Freehold

When choosing a condominium property, many Singaporeans are rightfully concerned about how long the tenure will last. A freehold is the ideal choice if you wish to enjoy a world-class home and still make a great return once the property is sold.

Types of leases in Singapore

In Singapore, property is usually sold as leasehold (held for 99 years) or freehold (held in perpetuity). After 99 years pass, a leasehold property’s rights will revert back to the state⁠—whereas a freehold property can be held for generations to come. You may occasionally encounter properties with 999 year leases: these are effectively freehold leases.

The finite lifespans of leaseholds is a major deterrent for many homebuyers. After all, very few people want to own homes that one day might be given up. Fortunately, freehold properties last for lifetimes. Not only are they a better investment choice—you can pass freehold properties down to your children or relatives without worry about when the lease will end. They are a wonderful addition to your family’s legacy.

A freehold property protects value

Imagine two similar properties located in the same area offering the same set of facilities of the same value currently, one being leasehold and the other freehold. Right now, both would have the same value.

But what about after 21 years? Once the leasehold property has less than 78 years lease left, it’s worth approximately 10% less than the freehold. This value will only depreciate as time goes on and the lease nears its end.

If you buy a property in a new development that has a 99-year lease and decide to sell 25 years later, you won’t be able to command as high an asking price as the owners of a freehold. If you’re thinking about long-term investments, it makes more financial sense to opt for the property that you can own indefinitely.

Owners of freehold properties don't have to pay annual ground rent. You also get complete control over your unit, reducing the need to depend on unreliable management.

Lastly, homeowners of freehold properties are much more likely to benefit from en bloc (collective) sales. Developers who acquire 99-year leaseholds have to pay a hefty land premium to top up the lease and reset the remaining lease back to 99 years. Approval of these top-ups aren’t guaranteed, and even when they are approved, they’re expensive, cutting into the developer’s profit margins. Many developers prefer to avoid this problem by opting for freeholds, making them a better option for those seeking a great return.

Developing for the future

A freehold is one of the best investments a person can make, especially when they are in close proximity to plentiful transportation, dining, shopping, and entertainment options.

Prime city development for living, working, and playing

8 St Thomas is an award-winning freehold development just eight minutes’ walk to Somerset MRT and Orchard Road, and only five minutes to the upcoming Great World MRT. Its 2- to -4bedroom designer showsuites offer unparalleled views of the city skylines and Marina Bay. It’s a luxury home close to top shopping destinations, schools, and the Central Business District. The area’s rich history can be enjoyed and its growth witnessed for generations to come.

Rich history in the bustling shopping district

The nearby 3 Orchard By-The-Park, next to the upcoming Orchard Boulevard MRT station, offers an exquisite collection of 77 exclusive freehold residences set within a lush landscape garden. Each two-, three- and four-bedroom apartment and five-bedroom penthouse is accessible from its own private lift lobby and opens out onto a private terrace.

Select loft units also come with a double-volume living space and garden or private pool. Orchard has a world-class reputation for being one of Singapore’s most exciting destinations, and you can make your property purchase knowing that the value of your investment will continue to appreciate.

Enjoy a secluded private oasis

On the East Coast, Meyer Mansion is a freehold development conveniently located close to the upcoming Katong Park MRT station and offers unblocked sea and land enclave views through floor-to-ceiling windows. It features eight unique unit layouts, 25 of each type, all thoughtfully designed to be efficient and functionally flexible.

80% of the entire development will be devoted to landscaping and amenities. This sustainable design is forward-thinking, providing solace and serenity even as Singapore becomes brighter and more renowned.

Value for future generations

In Singapore’s prime District 10, Leedon Green is a luxury freehold development close to the Singapore Botanical Gardens, a UNESCO World Heritage Site. This is a beautifully crafted sanctuary of undulating landscaped terraces, promising years of comfort and lifetimes of value.

Each of Leedon Green’s three- and four-bedroom units are accessed via a private lift and a select five four-bedroom Garden Villa double-storey units feature high ceilings and an additional family room. Even as your family grows and changes, you can be sure that Leedon Green will happily accommodate all of their needs.

Consider the future value of your home now. Choose to buy a freehold property.

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