![Quote](images/SultanThemeVB4R/misc/quote_icon.png)
Originally Posted by
chanel
Very true indeed!
Our little red dot has limited land, property prices has only one direction to move upwards and with this trend, freehold land doesnt really hold true anymore. Nowadays, people doesnt bother with freehold, afterall we dont live that long and do they care about the next generation to pass on their properties. If they can afford, they rather spend their money and live in style at whichever district of their choice.
For comparison, Kovan Residences 99 years lease (just TOP) versus freehold Bliss Kovan (just launched & a stone throw away), both transacting about the same price of $1,400psf. Bliss was launched few months ago and so far, less than 50% sold as reported by developer (BBR) in the Business Times last week.