Can a leasehold landed property be profitable? (and some other surprising examples)

We tend to fall back on common sayings or beliefs when it comes to comparing properties in Singapore. These range from the age-old belief in the supremacy of freehold condos, to assumptions about region and size.

As such, while it is useful to know what are the usual factors for a profitable development, sometimes this can vary too depending on the unit. In other words, you shouldn't overlook certain properties simply due to certain blanket rules.*We tried as much as possible to look for transactions that were bought and sold within a close time period and price point to minimise the effect of property market timing and price.

Let’s say you have around $1.7 million to purchase a property, and you find two options: one is leasehold, in a non-central area, whilst the other is freehold, in a location near the Botanic Gardens. It should be a no-brainer right?The freehold condo actually fared much worse, and saw a loss. The two properties above are the Clement Canopy, a leasehold condo completed in 2019, and The Asana is a freehold condo completed two years earlier.

This may have something to do with Clementi's strong access to schools like the NUS High School of Maths and Science, better access to NUS itself, etc., along with the wider range of day-to-day amenities in surrounding HDB enclaves.Boutique projects make many investors nervous: they're notorious for volatile price movements because of the sparse transactions, and some buyers just don't believe the bare-bones facilities are appealing.

Often seen as distinct from "true" landed, these projects tend to be derided for issues like closely packed units , and small prospective buyer pools . As such, most property buyers will swear by regular condos instead of a leasehold landed project.

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