For: InvestorsHDB upgraders
Source: URA REALIS
TL;DR
Singapore condo sales by lease tenure (2025): 30,899 transactions. 99 yrs lease commencing from 2024 most popular.
Key Takeaways
- 30,899 condo sales in 2025, segmented by tenure type.
- 99 yrs lease commencing from 2024 tenure dominated with 6,950 transactions.
- Freehold properties commanded a 149.4% PSF premium over 99-year leasehold.
Overview
Analysis of 2025 condo sales broken down by lease tenure, covering 30,899 transactions.
Sales by Lease Tenure
| Tenure | Transactions | Share | Avg PSF | Avg Price | YoY PSF Change |
|---|---|---|---|---|---|
| 99 yrs lease commencing from 2024 | 6,950 | 22.5% | $2,538 psf | $2,221,042 | ↓ 2.1% |
| Freehold | 6,635 | 21.5% | $2,077 psf | $3,707,920 | ↑ 3.3% |
| 99 yrs lease commencing from 2023 | 2,678 | 8.7% | $2,424 psf | $2,052,278 | ↑ 6.4% |
| 99 yrs lease commencing from 2018 | 1,209 | 3.9% | $2,001 psf | $1,622,381 | ↓ 1.0% |
| 99 yrs lease commencing from 2012 | 1,013 | 3.3% | $1,562 psf | $1,554,632 | ↑ 4.0% |
| 99 yrs lease commencing from 2011 | 989 | 3.2% | $1,591 psf | $1,579,808 | ↑ 5.0% |
| 99 yrs lease commencing from 2010 | 845 | 2.7% | $1,572 psf | $1,713,981 | ↑ 4.3% |
| 99 yrs lease commencing from 2014 | 829 | 2.7% | $1,633 psf | $1,404,057 | ↑ 5.8% |
| 99 yrs lease commencing from 2025 | 799 | 2.6% | $2,312 psf | $2,139,023 | -- |
| 99 yrs lease commencing from 2019 | 743 | 2.4% | $2,281 psf | $1,993,989 | ↑ 0.8% |
| 99 yrs lease commencing from 2022 | 651 | 2.1% | $2,316 psf | $2,748,150 | ↑ 10.2% |
| 99 yrs lease commencing from 2013 | 642 | 2.1% | $1,702 psf | $1,589,829 | ↑ 4.2% |
| 99 yrs lease commencing from 2015 | 548 | 1.8% | $1,722 psf | $1,463,148 | ↑ 6.9% |
| 99 yrs lease commencing from 1997 | 478 | 1.5% | $1,310 psf | $1,908,510 | ↑ 5.0% |
| 99 yrs lease commencing from 2017 | 452 | 1.5% | $2,097 psf | $1,642,847 | ↑ 3.6% |
| 99 yrs lease commencing from 2016 | 423 | 1.4% | $1,937 psf | $1,798,742 | ↓ 1.0% |
| 99 yrs lease commencing from 2008 | 351 | 1.1% | $1,679 psf | $1,929,931 | ↑ 5.8% |
| 99 yrs lease commencing from 1996 | 317 | 1.0% | $1,248 psf | $1,731,059 | ↓ 1.6% |
| 999 yrs lease commencing from 1841 | 285 | 0.9% | $3,126 psf | $2,698,533 | ↑ 30.1% |
| 99 yrs lease commencing from 1995 | 258 | 0.8% | $1,321 psf | $1,887,281 | ↑ 9.8% |
| 99 yrs lease commencing from 2021 | 254 | 0.8% | $2,301 psf | $2,460,272 | ↑ 27.2% |
| 99 yrs lease commencing from 2007 | 244 | 0.8% | $1,823 psf | $2,680,652 | ↑ 2.1% |
| 99 yrs lease commencing from 2006 | 213 | 0.7% | $1,751 psf | $2,591,727 | ↑ 1.4% |
| 99 yrs lease commencing from 2000 | 200 | 0.6% | $1,247 psf | $1,575,916 | ↑ 3.7% |
| 99 yrs lease commencing from 1994 | 192 | 0.6% | $1,380 psf | $2,602,205 | ↑ 3.8% |
| 999 yrs lease commencing from 1885 | 187 | 0.6% | $1,783 psf | $3,239,884 | ↑ 3.3% |
| 99 yrs lease commencing from 2002 | 176 | 0.6% | $1,632 psf | $1,727,035 | ↑ 1.5% |
| 99 yrs lease commencing from 2001 | 173 | 0.6% | $1,384 psf | $1,985,304 | ↑ 6.0% |
| 99 yrs lease commencing from 1993 | 134 | 0.4% | $1,422 psf | $1,774,792 | ↑ 5.0% |
| 99 yrs lease commencing from 2009 | 129 | 0.4% | $1,605 psf | $2,094,211 | ↑ 0.4% |
| 99 yrs lease commencing from 2020 | 120 | 0.4% | $2,095 psf | $1,775,264 | ↓ 15.7% |
| 99 yrs lease commencing from 1991 | 117 | 0.4% | $1,320 psf | $1,665,533 | ↓ 1.5% |
| 99 yrs lease commencing from 2004 | 115 | 0.4% | $1,684 psf | $2,137,773 | ↑ 8.2% |
| 99 yrs lease commencing from 2005 | 108 | 0.3% | $1,727 psf | $2,262,035 | ↓ 0.6% |
| 99 yrs lease commencing from 1998 | 106 | 0.3% | $1,410 psf | $1,785,892 | ↑ 5.6% |
| 999 yrs lease commencing from 1879 | 93 | 0.3% | $1,970 psf | $5,705,959 | ↑ 7.9% |
| 99 yrs lease commencing from 1982 | 88 | 0.3% | $1,215 psf | $1,666,435 | ↓ 0.9% |
| 999 yrs lease commencing from 1877 | 87 | 0.3% | $2,061 psf | $2,885,993 | ↑ 2.3% |
| 99 yrs lease commencing from 1992 | 71 | 0.2% | $1,080 psf | $1,343,719 | ↑ 0.4% |
| 99 yrs lease commencing from 1999 | 64 | 0.2% | $1,912 psf | $2,577,988 | ↑ 5.5% |
| 999 yrs lease commencing from 1882 | 59 | 0.2% | $1,615 psf | $1,964,994 | ↑ 5.3% |
| 999 yrs lease commencing from 1876 | 53 | 0.2% | $1,850 psf | $4,358,252 | ↑ 6.7% |
| 999 yrs lease commencing from 1875 | 52 | 0.2% | $2,241 psf | $6,676,244 | ↑ 13.0% |
| 956 yrs lease commencing from 1928 | 44 | 0.1% | $1,749 psf | $2,432,067 | ↓ 2.7% |
| 999 yrs lease commencing from 1886 | 44 | 0.1% | $1,536 psf | $3,829,427 | ↓ 3.7% |
| 999 yrs lease commencing from 1954 | 38 | 0.1% | $2,062 psf | $5,982,237 | ↑ 19.6% |
| 99 yrs lease commencing from 1968 | 36 | 0.1% | $1,261 psf | $1,125,970 | ↓ 0.2% |
| 99 yrs lease commencing from 1976 | 35 | 0.1% | $1,025 psf | $1,463,800 | ↑ 3.2% |
| 999 yrs lease commencing from 1878 | 33 | 0.1% | $1,801 psf | $3,400,747 | ↑ 8.5% |
| 99 yrs lease commencing from 1977 | 32 | 0.1% | $1,165 psf | $1,960,587 | ↑ 1.9% |
| 99 yrs lease commencing from 1979 | 29 | 0.1% | $1,307 psf | $3,784,517 | ↓ 16.0% |
| 99 yrs lease commencing from 1984 | 28 | 0.1% | $1,053 psf | $1,721,210 | ↓ 1.3% |
| 999 yrs lease commencing from 1955 | 27 | 0.1% | $1,945 psf | $5,779,793 | ↑ 10.0% |
| 999 yrs lease commencing from 1883 | 27 | 0.1% | $1,747 psf | $3,674,584 | ↑ 5.0% |
| 99 yrs lease commencing from 1975 | 24 | 0.1% | $1,140 psf | $2,014,824 | ↑ 7.4% |
| 99 yrs lease commencing from 2003 | 21 | 0.1% | $1,446 psf | $1,913,345 | ↑ 10.6% |
| 999 yrs lease commencing from 1956 | 19 | 0.1% | $2,078 psf | $5,290,713 | ↑ 4.2% |
| 99 yrs lease commencing from 1990 | 19 | 0.1% | $1,439 psf | $2,430,994 | ↑ 8.6% |
| 103 yrs lease commencing from 2009 | 18 | 0.1% | $1,747 psf | $2,137,031 | ↑ 0.3% |
| 999 yrs lease commencing from 1884 | 17 | 0.1% | $2,032 psf | $3,521,558 | ↑ 6.5% |
| 60 yrs lease commencing from 2013 | 16 | 0.1% | $1,470 psf | $637,806 | ↑ 2.8% |
| 103 yrs lease commencing from 2002 | 15 | 0.0% | $1,711 psf | $1,945,133 | ↑ 6.4% |
| 946 yrs lease commencing from 1938 | 15 | 0.0% | $1,116 psf | $1,783,467 | ↑ 0.4% |
| 99 years leasehold | 15 | 0.0% | $2,058 psf | $2,364,940 | ↓ 3.3% |
| 929 yrs lease commencing from 1953 | 14 | 0.0% | $2,159 psf | $2,461,500 | ↑ 3.7% |
| 102 yrs lease commencing from 1978 | 13 | 0.0% | $1,030 psf | $1,699,923 | ↑ 1.8% |
| 99 yrs lease commencing from 1983 | 12 | 0.0% | $878 psf | $1,621,891 | ↑ 1.0% |
| 99 yrs lease commencing from 1970 | 12 | 0.0% | $1,178 psf | $1,552,333 | ↑ 1.0% |
| 102 yrs lease commencing from 1996 | 12 | 0.0% | $1,755 psf | $4,545,000 | ↑ 6.9% |
| 103 yrs lease commencing from 1975 | 11 | 0.0% | $1,040 psf | $1,616,364 | ↑ 3.5% |
| 999 yrs lease commencing from 1995 | 10 | 0.0% | $2,582 psf | $6,031,250 | ↑ 4.3% |
| 99 yrs lease commencing from 1980 | 10 | 0.0% | $1,596 psf | $2,496,500 | ↓ 5.9% |
| 999 yrs lease commencing from 1953 | 10 | 0.0% | $1,805 psf | $7,679,880 | ↑ 22.7% |
| 103 yrs lease commencing from 1977 | 8 | 0.0% | $1,040 psf | $1,776,875 | ↓ 0.5% |
| 99 yrs lease commencing from 1973 | 6 | 0.0% | $1,230 psf | $1,371,000 | ↑ 5.9% |
| 999 yrs lease commencing from 1874 | 6 | 0.0% | $1,311 psf | $9,094,333 | ↓ 26.2% |
| 103 yrs lease commencing from 2013 | 6 | 0.0% | $1,069 psf | $3,257,804 | ↑ 4.8% |
| 70 yrs lease commencing from 1964 | 6 | 0.0% | $199 psf | $530,667 | ↑ 4.3% |
| 947 yrs lease commencing from 1934 | 5 | 0.0% | $1,612 psf | $2,750,100 | ↓ 37.1% |
| 110 yrs lease commencing from 2017 | 5 | 0.0% | $2,350 psf | $1,856,898 | ↓ 4.3% |
| 99 yrs lease commencing from 1952 | 5 | 0.0% | $324 psf | $863,778 | ↓ 29.4% |
| 103 yrs lease commencing from 2010 | 4 | 0.0% | $2,062 psf | $1,687,500 | ↑ 4.1% |
| 999 yrs lease commencing from 1937 | 4 | 0.0% | $1,912 psf | $1,982,886 | ↑ 0.8% |
| 100 yrs lease commencing from 1986 | 4 | 0.0% | $1,062 psf | $1,797,200 | ↑ 0.5% |
| 953 yrs lease commencing from 1931 | 3 | 0.0% | $1,530 psf | $6,486,667 | ↑ 36.3% |
| 999 yrs lease commencing from 1881 | 3 | 0.0% | $1,966 psf | $4,526,667 | ↑ 38.2% |
| 947 yrs lease commencing from 1937 | 3 | 0.0% | $1,869 psf | $1,765,933 | ↑ 2.7% |
| 99 yrs lease commencing from 1947 | 3 | 0.0% | $301 psf | $1,365,333 | ↓ 10.9% |
| 99 yrs lease commencing from 1965 | 3 | 0.0% | $645 psf | $2,533,333 | ↑ 158.3% |
| 99 years lease commencing from 2022 | 2 | 0.0% | $2,566 psf | $2,413,000 | ↓ 0.3% |
| 103 yrs lease commencing from 2011 | 2 | 0.0% | $1,350 psf | $4,365,000 | -- |
| 85 yrs lease commencing from 1990 | 2 | 0.0% | $959 psf | $1,270,000 | ↑ 9.7% |
| 999 years leasehold | 2 | 0.0% | $2,962 psf | $3,159,500 | -- |
| 103 yrs lease commencing from 1974 | 2 | 0.0% | $1,135 psf | $2,174,000 | ↓ 5.6% |
| 9999 yrs lease commencing from 1961 | 2 | 0.0% | $1,395 psf | $1,344,000 | ↑ 100.0% |
| 940 yrs lease commencing from 1941 | 2 | 0.0% | $1,856 psf | $4,250,000 | ↓ 14.6% |
| 999 yrs lease commencing from 1827 | 2 | 0.0% | $2,098 psf | $2,758,444 | ↓ 7.9% |
| 103 yrs lease commencing from 2008 | 2 | 0.0% | $1,156 psf | $3,667,500 | ↓ 1.3% |
| 9999 yrs lease commencing from 1964 | 2 | 0.0% | $1,317 psf | $1,985,000 | -- |
| 99 yrs lease commencing from 1954 | 1 | 0.0% | $458 psf | $1,500,000 | -- |
| 999999 yrs lease commencing from 1958 | 1 | 0.0% | $993 psf | $1,600,000 | ↑ 6.9% |
| 999 yrs lease commencing from 1958 | 1 | 0.0% | $1,911 psf | $4,408,000 | ↑ 17.3% |
| 99 yrs lease commencing from 1981 | 1 | 0.0% | $882 psf | $1,880,000 | ↓ 4.1% |
| 999 yrs lease commencing from 1960 | 1 | 0.0% | $1,250 psf | $1,440,000 | ↓ 13.0% |
| 9999 yrs lease commencing from 1958 | 1 | 0.0% | $912 psf | $1,050,000 | -- |
| 9999 yrs lease commencing from 1993 | 1 | 0.0% | $1,597 psf | $1,650,000 | -- |
| 945 yrs lease commencing from 1936 | 1 | 0.0% | $2,367 psf | $3,890,000 | ↑ 25.2% |
| 93 yrs lease commencing from 1979 | 1 | 0.0% | $1,135 psf | $965,000 | ↓ 2.3% |
| 999999 yrs lease commencing from 1950 | 1 | 0.0% | $542 psf | $1,150,000 | -- |
| 999999 yrs lease commencing from 1963 | 1 | 0.0% | $723 psf | $1,200,000 | -- |
| 99 yrs lease commencing from 1957 | 1 | 0.0% | $336 psf | $3,330,000 | -- |
| 99 yrs lease commencing from 1972 | 1 | 0.0% | $986 psf | $1,720,000 | ↑ 74.2% |
| 9999 yrs lease commencing from 1997 | 1 | 0.0% | $1,303 psf | $1,445,000 | -- |
| 101 yrs lease commencing from 1985 | 1 | 0.0% | $1,672 psf | $810,000 | -- |
| 998 yrs lease commencing from 1885 | 1 | 0.0% | $1,607 psf | $1,730,000 | -- |
| 9999 yrs lease commencing from 1960 | 1 | 0.0% | $1,025 psf | $3,300,000 | ↓ 0.3% |
| 999999 yrs lease commencing from 1990 | 1 | 0.0% | $1,333 psf | $1,750,000 | -- |
| 9999 yrs lease commencing from 1957 | 1 | 0.0% | $833 psf | $950,000 | -- |
Freehold Premium
Freehold properties traded at a 149.4% PSF premium over 99-year leasehold in 2025.
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 ~149.4% in 2025.
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.