Notable items:

Advertisement

Why These Singaporeans Chose Older Leasehold Condos Despite the Stigma

Advertisement

"Old" and "leasehold" - two words that make most Singaporean homebuyers cringe. No matter how many experts explain that leasehold properties can outperform freehold ones, there's an undeniable emotional resistance. Deep down, people want to believe they're investing 25+ years of their hard-earned money into something lasting. So what would possess three homeowners to go against the grain and purchase not just leasehold condos, but older leasehold properties? Their surprising reasons might change your perspective.

1. The Self-Employment Dilemma: When Affordability Trumps Ideals

For many dual-income couples where both partners are self-employed, the dream of owning a freehold property often collides with financial reality. Traditional lenders typically view self-employed applicants as higher risk, offering smaller loan amounts or requiring larger down payments. This creates a perfect storm where older leasehold condos - with their significantly lower price points - become not just an option, but sometimes the only viable path to homeownership.

One couple we spoke to, both freelance designers in their late 30s, found themselves repeatedly outbid for newer properties in their desired neighborhoods. "We kept getting priced out of every new launch," shares the husband. "Then we discovered this 20-year-old leasehold development that was nearly 30% cheaper than comparable freeholds nearby." The trade-off? They had to compromise on some modern amenities and accept a shorter remaining lease.

Financial advisors note this isn't uncommon: "For self-employed buyers without consistent CPF contributions or fixed monthly income statements, older leaseholds often represent the sweet spot between location affordability and acceptable depreciation rates," explains property analyst Rachel Lim.

Advertisement

Latest News
Why This $1.51M HDB Maisonette Broke Records – The Untold Story Behind Singapore's Priciest Flat
Why This $1.51M HDB Maisonette Broke Records – The Untold Story Behind Singapore's Priciest Flat
Move over, private condos – Singapore's public housing just hit a jaw-dropping new milestone. In May 2026, history was made when a 146 sq m executive maisonette at Block 147 Mei Ling Street shattered records with a staggering $1.51 million price tag.
money
First-Time Seller? Here's Your Stress-Free Guide to Navigating the Property Market
First-Time Seller? Here's Your Stress-Free Guide to Navigating the Property Market
Selling your first home can feel like an emotional rollercoaster - if you thought purchasing was tough, just wait until you experience the seller's side of the transaction. Between hosting endless open houses and agonizing over pricing strategies, many find this process even more daunting than their initial homebuying journey. But don't let anxiety derail your sale! We've created a comprehensive timeline to transform first-time sellers into confident market navigators.
money
2-Room HDB Resale Prices Soar: Tampines & Sengkang Flats Break $400K Barrier
2-Room HDB Resale Prices Soar: Tampines & Sengkang Flats Break $400K Barrier
In an unprecedented market shift, modest 2-room HDB flats across Tampines, Sengkang and other heartland estates have shattered price ceilings, with multiple transactions crossing the $400,000 mark - establishing new all-time highs that defy conventional expectations.
money
Singapore Rental Market Heats Up: HDB & Condo Demand Surges in April 2026 Despite Rising Prices
Singapore Rental Market Heats Up: HDB & Condo Demand Surges in April 2026 Despite Rising Prices
Singapore's rental market showed remarkable resilience in April 2026 as both HDB flats and private condominiums experienced growing tenant interest, even amidst steadily climbing rental prices. While the pace of price increases moderated compared to previous months, the market saw an unexpected surge in leasing activity that defied economic pressures.
money
Breaking News: Clementi Towers Shatters Resale Record with $1.16M 4-Room Flat!
Breaking News: Clementi Towers Shatters Resale Record with $1.16M 4-Room Flat!
The HDB resale market in Clementi has reached new heights! A stunning 4-room flat at 441B Clementi Avenue 3, part of the sought-after Clementi Towers development, has just set a jaw-dropping new benchmark by selling for $1,160,000. This landmark transaction eclipses the previous record of $1,158,000 set at 312A Clementi Avenue 4 by a razor-thin margin.
money
Singapore's 2026 Property Market: A Perfect Storm of Challenges and Opportunities
Singapore's 2026 Property Market: A Perfect Storm of Challenges and Opportunities
The Singapore property market in 2026 is shaping up to be unlike any we've seen before, creating a fascinating landscape for buyers, sellers, and investors alike. Three major factors are converging to create this unique situation: a dramatic shift in focus toward the Core Central Region (CCR), an increasingly constrained supply of resale properties, and economic uncertainties that continue to ripple through global markets.
money
Singapore Holds Steady on 2026 Growth Forecast Amid Global Trade Optimism
Singapore Holds Steady on 2026 Growth Forecast Amid Global Trade Optimism
The Ministry of Trade and Industry (MTI) has chosen to maintain Singapore's 2026 economic growth projection at 0-2%, citing cautious optimism as global trade tensions show signs of easing. This decision comes alongside new data revealing a stronger-than-expected first quarter performance.
money
2026年7月新加坡组屋BTO盛大登场!8大黄金地段5400套房源全面解析
2026年7月新加坡组屋BTO盛大登场!8大黄金地段5400套房源全面解析
【重磅消息】新加坡住房发展局(HDB)即将在2026年7月推出年度最受期待的组屋销售活动!本次BTO(预购组屋)将提供约5400个单位,覆盖全岛8个优质社区,从市中心的成熟社区到价格亲民的北部新区应有尽有。同时还将推出约3000套剩余组屋(SBF),为急需入住的家庭提供更多选择。
money
Perguntas frequentes
1.How do financial advisors view older leasehold properties for self-employed buyers?
Financial advisors note that older leasehold properties often represent a balance between location affordability and acceptable depreciation rates for self-employed buyers without consistent income.
2.What trade-offs do buyers of older leasehold properties often have to make?
Buyers of older leasehold properties often have to compromise on modern amenities and accept a shorter remaining lease.
3.What reasons did one couple give for choosing an older leasehold property?
The couple chose an older leasehold property because they were repeatedly outbid for newer properties and found the 20-year-old leasehold development was nearly 30% cheaper than comparable freeholds.
4.What challenges do self-employed couples face when trying to purchase property?
Self-employed couples often face challenges with traditional lenders, who view them as higher risk, leading to smaller loan amounts or larger down payment requirements.
5.Why do many Singaporean homebuyers have a negative perception of leasehold properties?
Many Singaporean homebuyers cringe at the thought of 'old' and 'leasehold' properties due to an emotional resistance, as they want to believe they are investing in something lasting for 25+ years.
Comment
Comment