If you’re considering buying a home in Singapore, you’re probably weighing the choice between leasehold and freehold properties. It’s a common dilemma for many new homebuyers and investors. Making the right decision isn’t just a matter of preference since it can significantly impact your finances, lifestyle, and future investment plans. Let’s take a closer look at… Continue reading Leasehold vs. Freehold: The Critical Choice for New Homebuyers
Tag: Freehold Condominiums
Freehold Condominiums: What Makes it Different?
A lot of people usually prefer condominiums because they’re not ready to build or start a house yet. This is mostly true to those single adults or those who’ve just started with their relationships. Condominiums aren’t as expensive as buying a house and lot right away, and as small families would need to stay somewhere between the time period that they save for a house, then condos are the second choice.
So far, condominiums are classified into leaseholds and freeholds, in which the main difference is the number of years you own them: leaseholds for the number of years stated in the contract like 30, 60, or 99 years, while freeholds basically means forever, as long as no problems arise.