Freehold property means the owner holds the land and structure outright, without a time-bound lease from a government authority. Leasehold property, by contrast, is typically held on a long-term lease (often for a fixed number of years) from a development authority, after which renewal or conversion may be required.
Leasehold status does not necessarily make a property unsuitable, but it does mean checking the remaining lease tenure, any conversion charges to freehold status, and the transferability of the lease before you buy.
Your property documents, or the local land records authority, are the most reliable source for confirming whether a specific plot is freehold or leasehold.
