Which One is Better? Freehold Vs Leasehold Property

Jimmy Sum15 Jun, 2023Real Estate

Freehold and leasehold properties have distinct differences. Freehold properties grant the owner ownership rights and control indefinitely. Leasehold properties, on the other hand, have a limited tenure, as the property is leased from the landowner. Starting with the most obvious differences, freehold condos are typically held in perpetuity, while leasehold ownership like One Pearl Bank only lasts up to 99 years. This limited time frame can affect the value of the property.Deciding which is better depends on individual circumstances, financial considerations, and long-term objectives. It is advisable to seek professional advice before making a decision.