Is there a peak PSF for leasehold properties, and does it decrease after a certain number of years?

Yes, there is a peak price per square foot (psf) achieved for leasehold properties in Singapore, and it can vary by project and market conditions. For example, Commonwealth Towers, a 99-year leasehold condominium, set a new record with a transaction at $2,536 psf in August 2025. Other notable leasehold developments have also recorded resale and new sale transactions exceeding $2,400 psf, depending on location, project age, and floor level. Generally, newer or high-floor units in popular locations can achieve higher psf records, while older leasehold properties may face price moderation due to lease decay unless there is en-bloc potential or other unique value propositions.