Finding new launch condos offering freehold ownership might become a dream after a considerable period. This comes after the government tightened the norms for land release for potential developers. Consequently, it can lead to higher interest rates on housing loans for property buyers in Singapore.
Nevertheless, prospective home buyers prioritize the freehold feature while considering a condominium. This is because a freehold condo property offers undisputable ownership for an infinite time and with better resale value. It is like a one-time investment opportunity that perpetually eliminates your concern for a living space.
So, bearing all these inviting facts and features, here is a list of new launch condos with freehold ownership on the island. But, before getting into it, let us first have a simple understanding of what is freehold ownership? How is it different from a leasehold property?
Difference between freehold and leasehold
- A freehold condo will let you own a physical property (including land) for an infinite term. Meanwhile, you can buy a property under two types of leasehold terms, one with 99 years, and the other offers a 999-year lease plan.
- The resale market value of a freehold condominium can instead rise with time. Whereas the valuation of a leasehold property dips as time goes by.
- Living in a property with a lifetime ownership period can become the deal of a lifetime.
- When acquiring a freehold housing facility, you choose to pay considerably higher than a leasehold premise.
- Living in a freehold place can offer you way more lifestyle flexibility in contrast to the prearranged facilities provided by leasehold condos.
- Freehold new launch condos are the most sought due to their unbounded domicile period. On the flip side, you may have to surrender a hefty amount to renew your leasehold period. For more information on freehold property ownership, please contact SG PROPERTY LAUNCHES.
Freehold New Launch Condos in Singapore
The Gazania
The property offers a lucid and peaceful environment far away from the busy hustle and bustle of the city. You will get to behold the picturesque scenery and green landscapes. The condo has been presented with many accolades for its excellence in architecture and design.
The new launch condo covers an area of around 146,000 sqft, consisting of 7 blocks with 5 floors each. The Gazania, apart from its private living units, also includes penthouses and maisonettes.
The freehold property in Singapore provides its condo owners with the best transportation and connectivity means. The nearest Bartley MRT station is about 3 minutes away, connecting major railway stations.
- Developer: SingHaiYi Group Ltd.
- Build-type: Private residential condominium – 1 to 5 bedrooms/250 units.
- Amenities & Facilities: Clubhouse, pool deck, spa, BBQ, playground for kids, outdoor workout area, garden walkways, etc.
- Academic institutions: Bartley Secondary School, Stamford American International School, YangZheng Primary School, and Nanyang Junior College.
- Shopping & Entertainment: NEX Mall, religious places, Bukit Timah Nature Reserve, recreational areas, and Bidadari Park.
- Average price estimation: $2,000 psf.
- TOP: 2022
Belgravia Green
The property offers peaceful and spacious luxury private condos at Belgravia drive Singapore. Surrounded by Mother Nature, the new launch condo has 81 units providing spacious and well-structured strata terraces and semi-detached condominiums. The private condo estate is built on a land area covering around 401,034 sqft. The family-oriented property launch showcases its facade with top to bottom glassed windows, which opens to a relaxing landscape with the greenery of trees, including gardens and a gently flowing stream.
The property, with its unique architecture, comes with high-end techs inside and out of the property for better surveillance and living convenience.
Belgravia Green is strategically positioned to offer you and your family easy access to various amenities. You will find good dinners, shopping centers, schools, including business hubs and healthcare units within a few minutes of driving.
- Developer: Tong Eng Group.
- Build-type: Private luxury condominium/4 to 5 bedrooms (semi-detached & terrace condos respectively)
- Amenities & facilities: Outdoor workout segment, BBQ, clubhouse, kid’s playground, pavilion gymnasium, etc.
- Academic institutions: Bartley Secondary School, Stamford American International School, YangZheng Primary School, and Nanyang Junior College.
- Shopping & entertainment: Greenwich V Mall, Seletar Mall, Compass One, Chomp-Chomp restaurant, Thohirah restaurant, Bishan-Ang Mo Kio Park, and Sengkang riverside park.
- Average Price estimation: $853 to $929 psf.
- TOP: 2023
Jervois Treasures
The new launch condo sits on a land parcel measuring 19,741 sqft with a single 5-storey building. A total of 36 units are available at 31 Jervois Rd, District 10, 249080, Singapore. The new property launch offers the feel of a luxurious lifestyle with spacious and lavish interiors. Jervois Treasures is reminiscent of tranquility and a green ambiance. It awaits you with a soothing environment after you have spent your day in a bustling city. You can connect to various amenities and recreational centers within minutes. There are a couple of MRT stations for your travel convenience via the Ayer Rajah Expressway (AYE) and Central Expressway (CTE).
- Developer: Fragrance Treasures Pte Ltd.
- Build-type: Luxury residential condos/1 to 3 bedrooms.
- Amenities & Facilities: Outdoor gym, BBQ, swimming pool, kid’s playground, Great World MRT Station, Tiong Bahru MRT Station, Robertson Quay, Singapore General Hospital, CBD, etc.
- Academic institutions: Alexandra Primary School, Zhangde Primary School, Crescent Girls School, and Bukit Merah Secondary School.
- Shopping & entertainment: Great World City, Orchard Shopping Belt, Zion Riverside Food Center, Tiong Bahru Market & Eateries, ArtScience Museum, and Singapore Botanic Gardens.
- Base Price estimation: $1.37 million – 1 bedroom (506 sq-ft approx.) $2.85 million – 3 bedrooms (1,432 sq-ft approx.).
- TOP: 2022
Meyer Mansion
The new launch condo strategically situated on 79 Meyer Road, District 15, Singapore 437906, is high in demand, as they’re rarely any other freehold properties on the site. It is a huge condominium with 200 living units and stands over 25-storey high, overviewing the frontline panoramic seascape. Mayer Mansion offers its residents; a family-friendly environment with a range of living options from regular condos to large-sized premium ones. Being one of the largest condominium projects, it comprises a huge grand lawn area with lush gardens at the facade. You can engage in various fun and relaxation activities with your loved ones and friends.
Its proximity to the ECP (East Coast Parkway) expressway makes it easy for you to reach CBD, Civic District, and Marina Bay. Besides that, railway services like Raffles Place MRT, Katong Park MRT, and Thomson-east Coast MRT lines are within a few minutes of drive.
- Developer: GuocoLand Limited.
- Build-type: Family residential – 1 to 4 bedrooms.
- Amenities & Facilities: Multiple pools, gymnasium, lounge deck, jacuzzi, BBQ pavilion, outdoor Dining, swing Garden, children’s Pool & playground, beach house, coastal walk, and many more.
- Academic institutions: St. Patrick’s School, Tao Nan School, Chung Cheng High School, Tanjong Katong Girls School, and Canadian International School.
- Shopping & entertainment: Kallang Wave Mall, Suntec City, Parkway Parade, Indoor Stadium, etc.
- Price estimation: $ 2,056 – $ 3,134 psf.
- TOP: 2023.
Amber Park
Simply in a class by itself, the new launch condo stands 22 storeys high and contains 592 housing units in total. The luxury residential property is situated between Amber Gardens and Amber Road at 18 Amber Gardens, District 15, Singapore, 439980. Individuals or families owning a property here will be charmed by its overhead ocean horizon view. Being one of the most coveted condominiums in Singapore, it has 3 high-rise buildings and occupies an area of approx. 213,676 sqft.
Well known for its high-tech comforts and facilities, the Amber Park housing project offers vigilant property compound security personnel. The highlight of the condominium in the Katong residential zone is its exclusive Premier residential services. This modernistic residential service is responsible for ensuring extra comforts for the dwellers. From your laundry to booking a flight ticket to arranging a suitable table in a restaurant and housekeeping, the private service is all for you, 24×7.
Another major appealing feature of the luxurious new launch condo is its Smart home Technology with Google Assistant at your service. No matter where you are, it simply lets you control your in-house electronics via a remote network device.
- Developer: City Development Limited (CDL).
- Build-type: Luxury residential condominium – 1 to 5 bedrooms and Penthouse (6 bedrooms+study).
- Amenities & Facilities: Proximity to Tanjong Katong MRT, Changi Airport and Jewel. Gym, Kids’ recreation segment, Spa, pool, jogging lane, lounge & club.
- Academic institutions: Tanjong Katong Girls’ School, Haig Girls’ School, Tanjong Katong Primary School, and CHIJ (Katong) Primary School.
- Shopping & entertainment: 112 Katong, Parkway Parade, Parkway Center, East Coast Park, and Chinese Swimming Club.
- Price estimation: $1,727 – $4,091 psf.
- TOP: 2024
Conclusion: A freehold new launch condos are better in many ways than their leasehold counterparts. Surely, it’s a deal that demands heavy investment, but there are many takeaways on its bright side. Freehold property can be passed on through generations along with prospects of continuous rental earnings. You will get to own both the structure and the land, which means a secure fixed deposit for the future. Although many are turning towards a condominium lifestyle, Singapore is reportedly scarce on properties with freehold ownership. Perhaps the near future may obliterate the chances for the availability of such living quarters, as the government’s GLS program requires the developers to restrain their land acquisition operations. So, to sum it up, this might be the right time for you to get a freehold condo while the getting is still good.
