“Condos with less than 60 years of lease left — how cheap are they vs freehold?”

I filtered for condos with less than 60 years remaining lease and sorted by shortest lease first. In this sample, the cheapest is **FUYONG ESTATE** at **$277 psf** and **48.0% of freehold value**; the higher-priced short-lease examples still sit around **69.2%–72.4%** of freehold value. INSIGHTS: 1. FUYONG ESTATE: Shortest lease in the sample at **20 years left** and the deepest discount at **48.0% of freehold value**; at **$277 psf**, it’s the clearest “cheap vs freehold” example. 2. MAYFAIR PARK: Despite only **25 years left**, it still trades at **54.6% of freehold value** and has a much stronger **55.7% 3-year gain**, showing lease decay doesn’t always mean weak pricing. 3. PEOPLE'S PARK COMPLEX: With **41 years left**, it sits at **69.2% of freehold value** and **$1,357 psf**, illustrating that central location can keep short-lease pricing relatively firm. 4. THE PLAZA: Also at **41 years left**, it trades at **69.2% of freehold value** and **$1,240 psf**, reinforcing that some short-lease assets remain expensive when location and rental demand support them. 5. INTERNATIONAL PLAZA: At **43 years left**, it is priced at **70.5% of freehold value** and **$1,209 psf**, so the discount to freehold is meaningful but far from a fire sale. 6. SPOTTISWOODE PARK: With **46 years left**, it still commands **72.4% of freehold value** and has **100% tenanted** status, which helps explain why the lease discount is relatively modest. 7. THE HILLFORD: The shortest remaining lease among the listed residential projects at **47 years left**, but it still trades at **73.0% of freehold value** and has **6.4% gross yield**, showing income support can cushion lease decay.