Updated: Sep 1
Leasehold is usually 99 or 999 years in tenure. In Jan 2021, 191 private terraced houses in Geylang Lorong 3 has fully taken back by the government.
Freehold is forever in tenure unless the government want to take back according to land acquisition act. The compensation is according to fair market value. If the owners are not satisfied with the amount, they may file for an appeal to the government.
Does Freehold appreciate more than Leasehold?
Freehold property does NOT necessarily appreciate higher than the leasehold property.
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