New Freehold Condo Launch Singapore

In general, the sale price of a new freehold condo unit can be 10 to 15% higher when compared to a leasehold unit in the same area.  The positive perceived value of freehold properties is prevalent across the market and this tends to favour the selling price as well.  Furthermore, for those who were far-sighted in the 1990s and have invested in freehold condos instead of leasehold ones, would have enjoyed the rapid growth of the Singapore property market over the past few decades with a significant rise in their property prices.  Considering property investment was a lot cheaper at that time, the prices would have multiplied many folds by now. 

Another benefit for freehold condos is the potential for collective sale by developers.  In a study that analysed 87 en block condos in 2017 and 2018, it was noted that developers are more likely to shortlist freehold condos for such initiatives than leasehold ones because the Government Land Sales (GLS) is no longer releasing freehold plots to developers.  Needless to say, this increases the chances for freehold property owners to profit from these collective sales.