Table of Content
1. Why freehold/999-year leasehold landed properties.
2. Trend of 99-year leasehold landed properties in D28.
3. D28 Semi-D average transacted price compared to other Districts.
4. Co-relation between Singapore GDP and Singapore Property Price Index.
5. What’s next ….
6. Where are the good value deals in the market?

Why Freehold / 999-year Leasehold Landed Properties
- “Selling land on the limited lease is necessary for a small country like Singapore as it allows for the land to be recycled for future generations,” said panellists at the Institute of Policy Study Singapore perspective conference. Source: The Straits Times 24 Jan 2022. Leasehold concept in S’pore allows for land to be recycled for future generations, say IPS panellists | The Straits Times
- Developers releasing new 103-year leasehold development on their freehold land. For example, The shore residences, Greenwood Mews etc. (Source: The Straits Times 14 June 2014)
- National Development Minister Lawrence Wong revealed in Parliament that there are about 3,000 private residential properties in Singapore that are built on land with freehold and 999-year tenures but sold on shorter leases. (Source: Today Published on 14 September 2018) Residents of leasehold properties sitting on freehold land face an extra poser in seeking collective sale – TODAY (todayonline.com)
- Landed home prices set to stay firm, if not trend upwards, Hub Projects – THE BUSINESS TIMES. Demand will be supported by aspirational upgrading by Singaporeans amid limited availability of landed houses for sale. Dated 31 March 2022
Outlook:
- The landed homes in prime locations and new landed homes will drive price appreciation.
- Some demand from the popular districts 10, 15 and 20 is expected to shift to the neighbouring districts.
- Demand for landed homes will be supported by the ongoing migration from public housing or condominium to landed properties. These are people who buy for occupation and are less affected by the latest cooling measures. They will be attracted to intermediate terrace houses because of the lower entry level, with a preference for locations near MRT stations for the ease of commuting. The completion of Thomson-East Coast Line will drive demand along its route, specifically in districts 15 and 16.
- The 2-step hike in property tax in 2023-2024 is unlikely to affect those who are buying for owner occupation or existing owners holding large landed properties for investment because these people generally take a longer-term view on property investment, focusing on the long-term yields, wealth preservation and potential for capital growth.
- Due to the cooling measures and lack of supply, the landed housing sales volume in 2022 will not be as high as in 2021, but prices are most likely to stay firm and possibly trend upwards.
Trend of 99-year Leasehold Landed Properties in D28
Nim Road Development
“The sprawling site of 1.26 million sq ft has been part of Bukit Sembawang’s landbank, a legacy of its early days in the rubber plantation business before it ventured into property development in the 1960s. When the site was approved for housing development, it was given a 99-year lease by the government.”
Source: The Edge Property Singapore Published on 18 July 2017. Bukit Sembawang’s Watercove in Singapore boasts sea views, freehold tenure | The Edge Markets


D28 Semi-D Average Transacted Price Compared to Other Districts

What's Next ........
1.Limited supply of freehold landed properties.
2.Upcoming New launch in D28 – 99-year leasehold landed property (Pollen Collection @ >1k – 1.2k PSF?)
3.Low average PSF for Semi D compared to other Districts
4.What will be the Singapore GDP Growth in the next few years?
5.Where are the good value deals?
Need more info?
Take Note:
A foreign person who wishes to purchase a landed residential property is required to seek approval under the Residential Property Act.
Read More: Foreign Ownership of Property (sla.gov.sg)