For: InvestorsHDB upgraders
Source: URA REALIS
TL;DR
Singapore condo sales by lease tenure (2024): 26,171 transactions. Freehold most popular.
Key Takeaways
- 26,171 condo sales in 2024, segmented by tenure type.
- Freehold tenure dominated with 6,546 transactions.
- Freehold properties commanded a -5.3% PSF premium over 99-year leasehold.
Overview
Analysis of 2024 condo sales broken down by lease tenure, covering 26,171 transactions.
Sales by Lease Tenure
| Tenure | Transactions | Share | Avg PSF | Avg Price | YoY PSF Change |
|---|---|---|---|---|---|
| Freehold | 6,546 | 25.0% | $2,011 psf | $3,260,621 | ↓ 4.0% |
| 99 yrs lease commencing from 2023 | 2,944 | 11.2% | $2,278 psf | $1,965,027 | ↓ 2.6% |
| 99 yrs lease commencing from 2022 | 1,805 | 6.9% | $2,101 psf | $2,189,203 | ↓ 6.0% |
| 99 yrs lease commencing from 2018 | 1,364 | 5.2% | $2,021 psf | $1,641,686 | ↑ 0.9% |
| 99 yrs lease commencing from 2024 | 1,207 | 4.6% | $2,592 psf | $2,288,438 | -- |
| 99 yrs lease commencing from 2012 | 1,073 | 4.1% | $1,502 psf | $1,463,418 | ↑ 2.2% |
| 99 yrs lease commencing from 2011 | 1,040 | 4.0% | $1,515 psf | $1,531,250 | ↑ 2.5% |
| 99 yrs lease commencing from 2014 | 945 | 3.6% | $1,543 psf | $1,309,507 | ↑ 8.2% |
| 99 yrs lease commencing from 2010 | 831 | 3.2% | $1,507 psf | $1,643,342 | ↑ 4.1% |
| 99 yrs lease commencing from 2019 | 790 | 3.0% | $2,263 psf | $2,149,336 | ↓ 7.8% |
| 99 yrs lease commencing from 2015 | 638 | 2.4% | $1,610 psf | $1,394,868 | ↓ 1.1% |
| 99 yrs lease commencing from 2013 | 637 | 2.4% | $1,634 psf | $1,519,214 | ↑ 4.5% |
| 99 yrs lease commencing from 1997 | 474 | 1.8% | $1,248 psf | $1,737,495 | ↑ 6.0% |
| 99 yrs lease commencing from 2017 | 438 | 1.7% | $2,024 psf | $1,551,329 | ↓ 0.2% |
| 99 yrs lease commencing from 2008 | 429 | 1.6% | $1,587 psf | $1,857,595 | ↓ 1.5% |
| 99 yrs lease commencing from 2021 | 412 | 1.6% | $1,810 psf | $2,144,208 | ↓ 14.2% |
| 99 yrs lease commencing from 1996 | 309 | 1.2% | $1,268 psf | $1,738,684 | ↑ 9.4% |
| 99 yrs lease commencing from 2016 | 288 | 1.1% | $1,957 psf | $1,646,920 | ↑ 2.6% |
| 99 yrs lease commencing from 1995 | 282 | 1.1% | $1,202 psf | $1,789,008 | ↓ 3.5% |
| 99 yrs lease commencing from 2006 | 260 | 1.0% | $1,726 psf | $2,604,189 | ↑ 3.5% |
| 99 yrs lease commencing from 2007 | 248 | 0.9% | $1,785 psf | $2,531,626 | ↑ 3.0% |
| 99 yrs lease commencing from 2000 | 221 | 0.8% | $1,203 psf | $1,512,814 | ↑ 5.6% |
| 99 yrs lease commencing from 1994 | 202 | 0.8% | $1,329 psf | $2,383,405 | ↑ 3.2% |
| 99 yrs lease commencing from 2002 | 185 | 0.7% | $1,607 psf | $1,685,152 | ↑ 2.1% |
| 99 yrs lease commencing from 1993 | 169 | 0.6% | $1,355 psf | $1,723,661 | ↑ 5.6% |
| 99 yrs lease commencing from 2001 | 159 | 0.6% | $1,306 psf | $1,815,817 | ↑ 7.8% |
| 99 yrs lease commencing from 2009 | 158 | 0.6% | $1,598 psf | $1,829,125 | ↑ 3.5% |
| 99 yrs lease commencing from 1991 | 146 | 0.6% | $1,340 psf | $1,663,021 | ↑ 7.1% |
| 99 yrs lease commencing from 2005 | 139 | 0.5% | $1,737 psf | $2,307,601 | ↑ 2.5% |
| 999 yrs lease commencing from 1885 | 127 | 0.5% | $1,725 psf | $2,797,347 | ↑ 10.4% |
| 99 yrs lease commencing from 2004 | 123 | 0.5% | $1,556 psf | $1,742,820 | ↑ 2.7% |
| 99 yrs lease commencing from 1998 | 117 | 0.4% | $1,335 psf | $1,680,210 | ↑ 3.8% |
| 99 yrs lease commencing from 2020 | 114 | 0.4% | $2,487 psf | $2,033,606 | ↑ 0.8% |
| 999 yrs lease commencing from 1879 | 86 | 0.3% | $1,826 psf | $5,294,744 | ↑ 0.4% |
| 99 yrs lease commencing from 1982 | 85 | 0.3% | $1,225 psf | $1,773,510 | ↑ 1.1% |
| 999 yrs lease commencing from 1877 | 71 | 0.3% | $2,014 psf | $2,305,744 | ↑ 4.8% |
| 99 yrs lease commencing from 1992 | 68 | 0.3% | $1,076 psf | $1,288,971 | ↑ 7.4% |
| 99 yrs lease commencing from 1999 | 62 | 0.2% | $1,812 psf | $2,306,391 | ↑ 0.7% |
| 999 yrs lease commencing from 1882 | 56 | 0.2% | $1,535 psf | $2,435,592 | ↑ 3.4% |
| 956 yrs lease commencing from 1928 | 53 | 0.2% | $1,798 psf | $2,715,023 | ↑ 18.3% |
| 999 yrs lease commencing from 1883 | 48 | 0.2% | $1,664 psf | $2,734,654 | ↓ 19.9% |
| 999 yrs lease commencing from 1841 | 47 | 0.2% | $2,402 psf | $2,098,120 | ↑ 11.5% |
| 999 yrs lease commencing from 1875 | 41 | 0.2% | $1,983 psf | $6,667,011 | ↓ 16.8% |
| 999 yrs lease commencing from 1886 | 40 | 0.2% | $1,595 psf | $2,831,444 | ↑ 13.8% |
| 99 yrs lease commencing from 2003 | 39 | 0.1% | $1,307 psf | $1,690,994 | ↑ 9.2% |
| 999 yrs lease commencing from 1876 | 38 | 0.1% | $1,734 psf | $3,565,760 | ↑ 0.5% |
| 999 yrs lease commencing from 1878 | 37 | 0.1% | $1,660 psf | $3,322,892 | ↑ 4.5% |
| 99 yrs lease commencing from 1976 | 35 | 0.1% | $994 psf | $1,419,368 | ↑ 0.4% |
| 99 yrs lease commencing from 1977 | 34 | 0.1% | $1,144 psf | $1,944,618 | ↑ 0.4% |
| 999 yrs lease commencing from 1954 | 30 | 0.1% | $1,724 psf | $5,217,196 | ↓ 10.7% |
| 102 yrs lease commencing from 1978 | 28 | 0.1% | $1,012 psf | $1,739,036 | ↑ 0.1% |
| 99 yrs lease commencing from 1979 | 25 | 0.1% | $1,556 psf | $3,505,566 | ↓ 23.0% |
| 999 yrs lease commencing from 1955 | 24 | 0.1% | $1,769 psf | $5,479,500 | ↑ 4.5% |
| 99 yrs lease commencing from 1968 | 23 | 0.1% | $1,263 psf | $907,304 | ↑ 0.9% |
| 99 yrs lease commencing from 1990 | 23 | 0.1% | $1,325 psf | $1,988,613 | ↑ 1.4% |
| 99 yrs lease commencing from 1975 | 22 | 0.1% | $1,061 psf | $1,820,515 | ↓ 7.1% |
| 103 yrs lease commencing from 2009 | 21 | 0.1% | $1,741 psf | $2,254,995 | ↓ 2.6% |
| 99 yrs lease commencing from 1984 | 19 | 0.1% | $1,067 psf | $1,810,947 | ↓ 1.2% |
| 103 yrs lease commencing from 2002 | 18 | 0.1% | $1,608 psf | $1,946,199 | ↑ 2.8% |
| 999 yrs lease commencing from 1956 | 18 | 0.1% | $1,994 psf | $4,684,167 | ↑ 3.5% |
| 947 yrs lease commencing from 1934 | 17 | 0.1% | $2,562 psf | $4,858,529 | -- |
| 99 yrs lease commencing from 1970 | 17 | 0.1% | $1,166 psf | $1,393,640 | ↓ 2.1% |
| 999 yrs lease commencing from 1995 | 14 | 0.1% | $2,477 psf | $6,082,571 | ↓ 0.7% |
| 60 yrs lease commencing from 2013 | 14 | 0.1% | $1,429 psf | $699,714 | ↑ 1.9% |
| 100 yrs lease commencing from 1986 | 12 | 0.0% | $1,057 psf | $1,840,750 | ↑ 2.7% |
| 999 yrs lease commencing from 1953 | 11 | 0.0% | $1,471 psf | $6,430,818 | ↑ 5.1% |
| 103 yrs lease commencing from 1977 | 10 | 0.0% | $1,045 psf | $1,784,578 | ↓ 0.9% |
| 102 yrs lease commencing from 1996 | 10 | 0.0% | $1,642 psf | $4,524,000 | ↑ 7.4% |
| 946 yrs lease commencing from 1938 | 10 | 0.0% | $1,112 psf | $1,563,689 | ↑ 7.4% |
| 99 years leasehold | 9 | 0.0% | $2,129 psf | $1,977,955 | -- |
| 929 yrs lease commencing from 1953 | 9 | 0.0% | $2,082 psf | $2,592,889 | ↑ 1.5% |
| 999 yrs lease commencing from 1884 | 9 | 0.0% | $1,909 psf | $3,475,185 | ↑ 1.1% |
| 999 yrs lease commencing from 1881 | 8 | 0.0% | $1,422 psf | $3,927,033 | ↑ 30.0% |
| 999 yrs lease commencing from 1874 | 8 | 0.0% | $1,776 psf | $8,211,111 | ↓ 3.3% |
| 99 yrs lease commencing from 1983 | 8 | 0.0% | $869 psf | $1,669,236 | ↑ 9.5% |
| 999 yrs lease commencing from 1827 | 7 | 0.0% | $2,277 psf | $2,435,714 | ↓ 2.4% |
| 940 yrs lease commencing from 1941 | 6 | 0.0% | $2,173 psf | $4,292,296 | -- |
| 99 yrs lease commencing from 1973 | 6 | 0.0% | $1,161 psf | $1,311,667 | ↓ 9.0% |
| 103 yrs lease commencing from 1975 | 6 | 0.0% | $1,005 psf | $1,771,833 | ↓ 5.7% |
| 70 yrs lease commencing from 1964 | 6 | 0.0% | $191 psf | $556,667 | ↑ 4.6% |
| 103 yrs lease commencing from 1974 | 5 | 0.0% | $1,201 psf | $2,302,000 | -- |
| 946 yrs lease commencing from 1937 | 5 | 0.0% | $1,469 psf | $1,685,760 | ↓ 1.6% |
| 99 yrs lease commencing from 1980 | 5 | 0.0% | $1,697 psf | $2,903,000 | ↑ 5.2% |
| 99 yrs lease commencing from 1978 | 4 | 0.0% | $886 psf | $2,405,000 | ↓ 0.9% |
| 99 yrs lease commencing from 1947 | 4 | 0.0% | $337 psf | $757,222 | ↑ 3.2% |
| 99 yrs lease commencing from 1981 | 4 | 0.0% | $920 psf | $1,837,200 | -- |
| 999 yrs lease commencing from 1937 | 3 | 0.0% | $1,896 psf | $1,524,000 | ↑ 1.3% |
| 103 yrs lease commencing from 2010 | 3 | 0.0% | $1,980 psf | $1,300,000 | ↓ 4.8% |
| 85 yrs lease commencing from 1990 | 2 | 0.0% | $874 psf | $1,157,500 | ↑ 3.2% |
| 945 yrs lease commencing from 1936 | 2 | 0.0% | $1,891 psf | $3,183,000 | -- |
| 9999 yrs lease commencing from 1960 | 2 | 0.0% | $1,028 psf | $1,503,500 | -- |
| 947 yrs lease commencing from 1937 | 2 | 0.0% | $1,819 psf | $1,832,500 | ↑ 5.3% |
| 99 yrs lease commencing from 1972 | 2 | 0.0% | $566 psf | $1,975,000 | ↑ 3.0% |
| 999 yrs lease commencing from 1958 | 2 | 0.0% | $1,630 psf | $4,605,000 | ↓ 19.9% |
| 99 yrs lease commencing from 1952 | 2 | 0.0% | $459 psf | $1,440,000 | ↑ 53.9% |
| 953 yrs lease commencing from 1931 | 2 | 0.0% | $1,122 psf | $6,124,500 | ↓ 41.9% |
| 103 yrs lease commencing from 2013 | 2 | 0.0% | $1,020 psf | $2,810,320 | ↓ 2.1% |
| 999 yrs lease commencing from 1961 | 1 | 0.0% | $1,415 psf | $4,580,000 | -- |
| 110 yrs lease commencing from 2017 | 1 | 0.0% | $2,456 psf | $1,560,000 | ↑ 1.5% |
| 103 yrs lease commencing from 2008 | 1 | 0.0% | $1,171 psf | $3,530,000 | ↑ 6.4% |
| 9999 yrs lease commencing from 1961 | 1 | 0.0% | $697 psf | $1,310,000 | -- |
| 993 yrs lease commencing from 1973 | 1 | 0.0% | $1,913 psf | $2,780,000 | ↑ 5.4% |
| 99 yrs lease commencing from 1965 | 1 | 0.0% | $250 psf | $2,100,000 | -- |
| 999999 yrs lease commencing from 1958 | 1 | 0.0% | $929 psf | $1,500,000 | -- |
| 999 yrs lease commencing from 1966 | 1 | 0.0% | $1,780 psf | $2,280,000 | ↑ 58.3% |
| 999 yrs lease commencing from 1960 | 1 | 0.0% | $1,436 psf | $4,680,000 | -- |
| 99 years lease commencing from 2022 | 1 | 0.0% | $2,573 psf | $2,825,000 | -- |
| 9999 yrs lease commencing from 1963 | 1 | 0.0% | $2,124 psf | $2,400,000 | -- |
| 93 yrs lease commencing from 1979 | 1 | 0.0% | $1,162 psf | $988,000 | -- |
Freehold Premium
Freehold properties traded at a -5.3% PSF premium over 99-year leasehold in 2024.
Key Events
Editorial analysis for this section is being prepared.
Frequently Asked Questions
Is freehold or leasehold better value?
Freehold offers indefinite ownership but at a premium. Leasehold (99-year) offers lower entry prices and sufficient tenure for most buyers. The premium was ~-5.3% in 2024.
Explore more market data and tools on ShiokNest.
Methodology & Sources
The dataset behind this report spans the specified calendar year; we refresh it annually.
Transaction data sourced from URA REALIS.
- Year-over-year (YoY) comparisons use the previous calendar year as baseline.
- Full transaction data sourced from URA.
Price-per-square-foot (PSF) here means the median deal in the period; means are reserved for volume-weighted aggregates explicitly labelled as such.