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Which is better, a freehold condo or leasehold condo in Singapore? Most Singaporeans prefer purchasing freehold properties, but can they really own them forever to hand down to the next generation? Read on to find out.
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A freehold, in common law jurisdictions such as England and Wales, Australia, Canada, Ireland, and twenty states in the United States, is the common mode of ownership of real property, or land, and all immovable structures attached to such land.
Dec 13, 2023 · Owners of freehold property have full ownership of the land for an indefinite period of time. This means that you will be able to pass down your property to the next generation. On the other hand, owning a leasehold property means that you are only leasing the property for a certain number of years.
Dec 12, 2023 · In Singapore, property ownership mainly comprises of freehold estates, leasehold estates, and estates in perpetuity. There are two main types of freehold estates. The first is the fee simple.
Jul 25, 2022 · Freehold and leasehold properties. In Singapore, properties can be freehold (you can hold on to them indefinitely), or on a 99-year lease (what we usually mean by leasehold). There’s also another category that’s a holdover from the former British administration: the 999-year lease, which is effectively considered freehold.
