Unlocking Investment Potential The Benefits of a 99-Year Leasehold Condo in Singapore’s Competitive Real Estate Market
One may come across a 99-year leasehold condo that has only 60 or 70 years left on its lease. However, it is important to note that properties with shorter remaining lease terms may encounter limitations on obtaining financing, lower demand from buyers, and a decline in potential capital appreciation. Therefore, it is advisable to consider purchasing a new condo as it naturally has a longer lease and could potentially offer better investment prospects.
Firstly, it is essential to understand what a 99-year leasehold condo is. As the name suggests, this type of property is built on land with a leasehold of 99 years. This means that the ownership of the property reverts back to the state after 99 years. However, during the lease period, the owner has full ownership and can sell, rent, or renovate the property as they see fit. This concept may seem limiting compared to freehold properties, …
