In Singapore, most private residential properties today come with 99-year leaseholds. That means when you buy a unit, you own it for 99 years before it returns to the state. With so many homes falling under this category, it’s natural to wonder: why do freehold properties still attract so much attention?
Even though freehold units make up a smaller portion of the market, they remain highly sought after by buyers and investors. Projects like Skye at Holland, for example, continue to spark interest, not just because of where they are, but because of what owning a freehold home actually means.
Let’s take a closer look at why freehold homes continue to hold their value, especially in a fast-moving urban property market.
What Is a Freehold Property?
To keep it simple, a freehold property gives you permanent ownership. There’s no countdown. You own the home and the land it sits on for good — unless the government needs it for public use.
In contrast, leasehold properties come with a fixed ownership period, most commonly 99 years. Once the lease runs out, the land and unit go back to the state, unless the lease is extended (which isn’t guaranteed).
That single difference changes how people think about long-term value.
It’s About Security and Control
One major reason people prefer freehold is peace of mind. You don’t have to worry about how many years are left on the lease or whether you’ll need to move out or sell before the value drops too much.
This is especially important for people who want to pass down their homes to their children. Owning a property that doesn’t come with a time limit feels more secure, both emotionally and financially.
Freehold Properties Hold Their Value Better
While leasehold homes can still increase in value, especially during the early years, they eventually lose value as the lease runs down. For older properties, banks may also become more cautious about giving full loans, which can make selling harder.
Freehold homes, on the other hand, tend to keep their value better over time. That’s because there’s no lease ticking down in the background. Even if the building ages, the land still belongs to the owner.
Of course, location and condition matter too, but freehold status adds an extra layer of long-term strength.
Limited Supply Increases Demand
Another reason freehold homes are so prized is simple: there aren’t many of them. In land-scarce Singapore, most new projects are built on leasehold land. That means freehold projects are rare, and rarity often leads to higher demand.
This also makes freehold units attractive for investment. Even if the price is slightly higher upfront, many buyers see it as a better deal in the long run.
Who Typically Buys Freehold Homes?
Buyers who choose freehold units often think ahead. Some are planning for retirement, while others want a stable place for their family. Investors might also choose freehold because they see potential for better capital growth.
In short, it’s not just about today. It’s about owning something that lasts.
A Look at a Modern Freehold Option
For anyone exploring freehold living in a well-connected area, Skye at Holland is one of the rare options available. Located near Holland Village MRT, this boutique condo offers the flexibility of freehold ownership while still being close to food, transport, and daily essentials.
Because it’s smaller in scale, it also offers more privacy, which adds another reason why buyers find it attractive.
