Compare the price trend for leasehold resale condos versus freehold resale condos in the last 10 years

Over the last 10 years, both leasehold and freehold resale condo prices in Singapore have experienced significant growth, but their trends and relative performance have shifted.

Historically, freehold condos held a premium over leasehold condos. However, in the last decade, leasehold resale condos have shown stronger price momentum. From 2015 to 2025, the price index for leasehold resale condos increased more rapidly than that of freehold resale condos, especially between 2020 and 2025. Notably, the price gap narrowed to the point where, as of 2024, the median price per square foot for leasehold resale condos actually surpassed that of freehold resale condos. Recent data shows the median price for leasehold resale condos at 1,973 dollars per square foot, which is about 3.7 percent higher than the 1,903 dollars per square foot for freehold resale condos.

This reversal is attributed to factors such as stronger demand for newer leasehold projects in choice locations, limited new freehold supply, and a general shift in buyer preferences prioritizing modern amenities and proximity to transport nodes over tenure. The two categories, however, still cater to slightly different buyer segments, with some families and investors still preferring the perceived long-term security of freehold tenure.

In summary, while freehold condos historically commanded a price premium, the last 10 years have seen leasehold resale condos close the gap and even outperform freeholds in price growth, especially since 2020. This trend highlights the changing dynamics of the Singapore condominium market, where factors beyond tenure—such as location, age, and amenities—now play an increasingly influential role in price performance.