Based on District 28's sub-sale performance, what is the potential upside for a brand new 99-year leasehold landed property there over 5 years and 10 years?

I appreciate your question, but I need to clarify an important limitation: the search results provided focus on freehold landed properties in District 28, not 99-year leasehold properties. This makes it challenging to give you a precise upside measurement specific to leasehold assets in that district.

Based on the District 28 market fundamentals shown in the data, here's what we can reasonably assess for a brand new 99-year leasehold landed property:

District 28 shows strong underlying demand with 68 transactions recorded between September 2024 and January 2025, outpacing prime districts like D10 and D20. This activity is driven by owner-occupier demand and constrained supply, particularly in Inter-Terrace and Corner Terrace segments. For a brand new 99-year leasehold, you'd benefit from full lease tenure initially, making it attractive for financing and resale. Expect moderate appreciation of 5-10%, supported by sustained buyer interest and low inventory levels. The district's role as an affordable landed enclave with ongoing urban developments and infrastructure improvements provides a stable foundation for near-term growth.

Over a decade, cumulative upside could reach 10-15%, assuming continued demand-supply imbalances. However, lease decay (declining from 99 years to approximately 89 years) becomes a material factor. Banks may become more cautious with financing as lease tenure shortens, which could limit your resale pool and cap appreciation compared to freehold peers. The market's preference for freehold over leasehold properties typically widens the valuation gap over longer holding periods.

For precise leasehold-specific analysis and current pricing data, I recommend consulting EdgeProp Singapore's sales consultants, who can provide detailed comparables and projections tailored to 99-year leasehold landed properties in District 28.