REWRITTEN MESSAGE: Plot the growth of landed private freehold properties.

To understand the growth of landed private freehold properties in Singapore, here are some key points:

Price Appreciation

Since 2001, the average unit price of freehold landed properties has increased significantly. The prices have appreciated by 206%, which is higher than the 115% increase for leasehold landed properties over the same period.

Price Premium

The price premium for freehold over leasehold landed properties has also seen a substantial increase. In 2001, the average freehold unit price was only 6% higher than the average leasehold unit price, but by 2021, this premium had risen to 51%. The PSF price premium for freehold over leasehold increased dramatically from $28 in 2001 to $514 in 2021.

Market Trends

Freehold landed properties have generally performed better in terms of capital appreciation compared to leasehold properties. This is partly because freehold properties offer perpetual ownership, which is highly valued in the Singapore market.

Transaction Volume and Prices

While the transaction volume and prices can fluctuate due to market conditions and regulatory measures, freehold landed properties tend to maintain their value and appreciate over time. For instance, despite market downturns such as the 2008 subprime mortgage crisis and the 2013 cooling measures, freehold landed property prices continued to rise, albeit at a slower pace during those periods.

For detailed and up-to-date information on past transactions, price trends, and market analysis, you can use the tools and resources available on EdgeProp Singapore, such as the market trends tracker and the research tool that provides historical property data and sales volume comparisons.