In Singapore, there are generally two types of tenure – freehold and 99-year leasehold. A 999-year lease is usually considered similar to freehold as its difference in value is negligible while banks are not expected to impose any loan limit even if the lease covers a few hundred years, revealed a report from OrangeTee Research.
Freehold property offers a few advantages to leasehold, such as a slower pace of depreciation, higher en bloc potential and no restrictions on using CPF for house purchases.