IS IT BETTER TO BUY A FREEHOLD (FH) OR LEASEHOLD (LH) PROPERTY IN TODAY’S MARKET?
Many people always ask me – Is it better to buy a freehold property or leasehold property in today’s market? Therefore, I decided to write this article to share my thoughts with you so that you can have a better understanding when it comes to selecting your choice Singapore property.
If given a choice, I believe most people will prefer for a freehold property, but does it mean that all the freehold property will definitely make profit at the end of the day? We have witnessed many leasehold properties which made good profit margin too. Hence, it is always good to know how to determine the right property.
Do not always assume that freehold property will make profit. For me, I have never believed in emotion purchase. I prefer to do research and use that to make the right judgement when comes to buying a property.
At the end of the day, it is all about the entry price when it comes to deciding a FH or LH property to purchase.
I would like to share with you 3 important factors when choosing a freehold property and they are:
a. Legacy
b. Location
c. School