290 & 292 Pasir Panjang Road · Freehold · District 5· Haw Par Villa MRT (CC25)
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The Hillshore, artist’s impression: the timber-toned facade and balconies of Block 292 at sunset, with the Pasir Panjang waterfront and the sea beyondArtist’s impression
Insights & News

Is The Hillshore Freehold, and What Does That Mean?

The Hillshore Tenure in One Line

Yes. The developer’s particulars for The Hillshore give the tenure of the land as an estate in fee simple, the legal term for freehold. A buyer acquires a strata title with no lease term attached, so ownership does not count down over time as it does on a 99-year lease.

The site was freehold before the redevelopment too: Gloria Mansion, the 12-storey block of 31 apartments that stood there until its collective sale in 2022, was also a freehold building.

What Freehold Means for an Owner at The Hillshore

On a leasehold development, the lease starts when the land is sold or the lease is granted, and the remaining term shrinks every year. Banks and buyers take the remaining lease into account, and in Singapore a short remaining lease can limit how much may be borrowed or how much CPF may be used.

A freehold title removes that clock. The owner of a home at The Hillshore holds it indefinitely, subject to the law and to the rules of the management corporation, and can sell it, let it or pass it on in the usual way.

Where The Hillshore Freehold Land Came From

Freehold land is scarce in new launches, because government land sales are leasehold and most new freehold sites come from collective sales of older buildings. That is how this site became available: in 2022 the owners of Gloria Mansion sold their block collectively to FRX Capital and a group led by the family offices of the Teo family of Tong Eng Group.

The sale was reported as the first full residential collective sale after the cooling measures of December 2021. Building plans for the new development were approved on 1 December 2023, and the site, Lot 5130C in Mukim 03, measures 4,249.6 square metres.

Freehold and Value at The Hillshore

Many buyers see freehold as a long-term advantage for a family home they intend to keep, and as something that will matter to the next buyer too. In a district where much of the newer supply is leasehold, a freehold title is one of the features that sets a development apart.

Value depends on many things, including the market, the location and the condition of the building, so tenure is one consideration among several rather than a guarantee. A buyer weighing freehold against leasehold should look at the home itself, the location and the price list together.

Freehold and Financing at The Hillshore

Tenure does not change the stamp duty or the loan-to-value limits: Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty and the Total Debt Servicing Ratio apply in the same way as on a leasehold home. What a freehold title avoids are the restrictions that apply to CPF use and bank loans when a lease runs short.

The housing loan page explains the lending limits, and the stamp duty page sets out the duty.

Shared Ownership and Upkeep at The Hillshore

Freehold covers the land, but the building is held in strata. Owners share the common property, such as the pool, the clubhouse, the lifts and the facades, through the management corporation, and pay maintenance and sinking-fund contributions according to their share values.

With 59 homes, The Hillshore is a small strata community, in which each owner has a proportionally larger say at general meetings than in a large estate. The facilities, described on the amenities page, are sized for that community.

How Ownership Is Recorded at The Hillshore

Until the development is legally complete, a buyer’s rights rest on the sale and purchase agreement with the developer. Once the Certificate of Statutory Completion is issued and the strata plan is approved, the Singapore Land Authority issues a strata title for each home, recording the owner and the freehold estate.

The developer’s particulars give 30 June 2030 as the expected date of legal completion. From then on the title can be transferred, mortgaged or inherited like any other registered property in Singapore, and the freehold estate passes with it.

Comparing a 99-Year Lease with The Hillshore

Most new private homes in Singapore are built on 99-year leases from the state. On such a lease, a home bought new carries the lease remaining from the date the land was sold, a few years less than 99 by the time the homes are finished, and the remaining term is what a buyer, a bank or a later purchaser looks at.

On freehold land the question does not arise. Owners of a home at The Hillshore never need to consider when a lease runs out or whether it might be renewed.

Next Steps for The Hillshore Buyers

The project details page lists the particulars, and the developer page introduces the team. The Sales Concierge sends the current price list on request.

Showflat viewings are arranged by appointment through the Sales Concierge.

This article is general information as at the date shown and is not financial, legal or tax advice. Statutory figures are from IRAS and MAS; particulars of The Hillshore are from the developer’s brochure, unit plans and distribution chart, and dates from the developer and published reports.

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Talk to The Hillshore Sales Concierge

The Sales Concierge sends the price list on request, the balance units and the e-brochure for The Hillshore. Showflat viewings are arranged by appointment through the Sales Concierge.