There are something which is as important as Land Tenure. In Singapore Real Estate, value of properties also based on Location, Locality, Surroundings, Views, Concept, Design, Functionality, Facilities & Amenities.
It is depending on what districts your looking for. For D09-10, D15-16 you may find that most of the residential properties have Freehold Tenure. In the other hand, new town or town centre you may find that most of prime good lands owned by State or Housing Board. State and Housing Board will lease out for development as 99 Years Leasehold. (Long time ago they lease out as 999 Years Leasehold. As at that age, citizen still not used to Leasehold Tenure)
Location & Locality.
Most of the prime land near to MRT Station belong to State & Housing Board. Government of Singapore acquired from private sometime ago. Therefor 99 Years Leasehold properties that have such good location near MRT Station and amenities might be in high demand and high potential for redevelopment too.
PROS
- Affordable prices foe buyers. When come to resale, the target group of buyers are pretty small.
- Location of property are so convenience, many of them are beside Shopping Mall, MRT Station, Parks, Lake.
- 99 Years Condo For Sale, prime location at the affordable price.
CONS
- Freehold Condo For Sale is popular due too long period of ownership (specially to foreigner that not used to leasehold property)
