Introduction
Freehold condominiums are one of the most sought-after types of property in Singapore. Unlike leasehold properties, which have a fixed tenure, freehold properties offer ownership in perpetuity — making them highly desirable for homeowners and investors alike.
In this guide, we explore everything you need to know before purchasing a freehold condo in Singapore.
What is a Freehold Condo?
A freehold property means you own the land and the building indefinitely. In Singapore, this is rare and highly valued due to land scarcity. There are two common types:
- Freehold: True perpetual ownership.
- 999-year leasehold: Almost as good as freehold in market perception.
Pros of Buying Freehold Condos
- Long-Term Value: Ideal for legacy planning and generational wealth.
- Better Resale Appeal: Especially in older, mature estates.
- No Lease Decay Risk: Unlike 99-year leasehold units, your property won’t depreciate in tenure.
Popular Districts for Freehold Condos
- District 10 – Bukit Timah / Holland Road
- District 9 – Orchard / River Valley
- District 15 – East Coast / Katong
- District 11 – Newton / Novena
These districts are rich in lifestyle amenities, prestigious schools, and connectivity.
Notable Freehold Developments
- Leedon Residence (D10)
- The Nassim (D10)
- Amber Park (D15)
- The Avenir (D9)
Freehold vs Leasehold Price Comparison
While freehold properties typically command a 10–20% premium over leasehold ones, they often retain value better over time.
| Tenure | Avg Price PSF (D10) | Appreciation Potential |
|---|---|---|
| Freehold | $2,800 | High |
| 99-Year Lease | $2,400 | Moderate |
Tips for Buying a Freehold Condo
- Check Land Title: Ensure it’s truly freehold, not 999-year.
- Compare PSF Prices: Use tools like URA, Squarefoot, EdgeProp.
- Consider En Bloc Potential: Older freehold condos may be candidates for redevelopment.
Financing and Legal Considerations
- Max Loan Limit: Subject to TDSR and LTV rules.
- Additional Buyer Stamp Duty (ABSD): Depends on residency and number of properties owned.
- Legal Fees & Conveyancing: Typically 0.3%–0.5% of purchase price.
Conclusion
Buying a freehold condo in Singapore is a strategic move for long-term asset preservation and value. Whether you’re a savvy investor or a homeowner looking to secure a legacy property, a well-located freehold development remains a solid choice.
Need help navigating available freehold condos in the market? Contact Seehomes.sg for curated recommendations and private viewings.
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