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Recently, Singapore’s Minister of National Development Mr Lawrence Wong wrote: “While resale flats are transacted on a willing buyer-willing seller basis, I was concerned by the suggestion that some buyers are forking out high prices for older flats, in anticipation…

In Singapore, a property’s ownership is entitled as either freehold or 99- year leasehold. An option of 999-year leasehold also exists but due to the length of the tenure; it is better to count it as a freehold property as…