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Give buyers an additional choice of new 50-year leasehold homes 

Cheaper new homes with shorter land-lease terms can be attractive

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Leslie Yee

Leslie Yee

Published Mon, Nov 25, 2024 · 12:11 PM
    • Housing affordability can improve with new homes sold on 50-year leasehold land.
    • Housing affordability can improve with new homes sold on 50-year leasehold land. PHOTO: YEN MENG JIIN, BT

    TO SAVE costs amid rising cost of living and help protect the environment, one should buy only what one needs and reduce waste.

    Think of not over-ordering food when dining out, and refraining from buying clothes which may hardly be worn. 

    Maybe the above mantra should apply to buying homes, too. Today, many new homes are sold with 99-year land leases. Could the sweet spot for leasehold tenure of new homes be shorter, say 50 years?

    ResidentialSingapore residential propertyHDBThe Level Ground

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