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
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
