Hi Juju
Here's an explanation of the terms commonly used in Singapore real estate:
1. Freehold: Freehold properties are owned indefinitely by the owner. This means there is no time limit on the ownership of the property. It offers the highest form of ownership and is usually considered more valuable compared to leasehold properties.
2. 99-year lease: This means that the owner has the right to use and occupy the property for a period of 99 years.
3. 999-year lease: A 999-year lease is similar to a 99-year lease, but with a much longer lease duration.
It's important to note that both leasehold properties (99-year or 999-year) and freehold properties have their own advantages and considerations. Leasehold properties are typically more affordable, while freehold properties offer long-term ownership and potentially higher resale value. Ultimately, the choice between leasehold and freehold properties depends on your personal preferences and investment goals.
Are you looking to purchase?
How many bedrooms are you looking at?
I will be glad to assist, no agent fee from private property buyer
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Warmest regards,
Silvia Yang
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile:
(65) 9660 8508
Email: Silviayang8@gmail.com
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