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
Xi Jinping has just rewritten the rules of US-China rivalry
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
China’s Huawei reveals chip design breakthrough amid US sanctions
