Is there still a premium behind freehold property?
Owning something freehold offers security, though it might just be an emotional one for families and foreigners
Add BT as a preferred source
Singapore
DOES a property's land tenure matter? Judging by the material premiums paid by buyers for freehold units here, it apparently does.
A study of private non-landed residential transactions by researchers from the National University of Singapore's Institute of Real Estate and Urban Studies showed that freehold property in Singapore was sold at 10.4 per cent higher on the average per unit price than comparable leasehold properties.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
