New Launch vs Resale Condos : Which is Best for You?

If you’re in the market for a condo in Singapore, you’re probably wondering: Should I go for a new launch or a resale condo? It’s a common question, and it doesn’t have a one-size-fits-all answer. Today, let’s break it down together and see what works best for you.

Resale Condos: Ready to Move In?

Now, let’s talk about resale condos. These are perfect if you want to move in right away or start collecting rental income immediately. There’s no waiting around for the construction to finish, which is a big plus for some buyers.

Another advantage is that you can physically view the unit. You know exactly what you’re getting—whether it’s the view, the layout, or even the neighbors.

Plus, many resale units offer larger living spaces. Older condos tend to have more generous layouts, and if space is a priority for you, a resale condo might be your best bet.

But here’s the thing—resale condos come with their own set of challenges too. Are you okay with potentially higher upfront costs, including full mortgage payments and potentially high renovation cost right away?

How I Can Help You With In Your Home Search

At the end of the day, the choice between a new launch and a resale condo depends on your personal needs and timeline. And that’s where I come in. I can help you with clear financial calculations, unit specs, location guidance, and most importantly, a price comparison analysis to make sure you’re getting a safe, smart deal—whether it’s a new launch or a resale unit.

So, what’s your next step? Let’s chat about your home search and find the perfect property for you. Reach out today—I’d love to help you navigate this exciting journey!

Also see : Understanding Developer Pricing Strategies in Today's Market

New Launch Condos: Is First-Mover Advantage for You?

Let’s start with new launch condos. One big advantage is that everyone buys in at almost the same price during the launch. Have you ever thought about how this can work in your favor? When everyone shares the same entry price, it creates an environment where everyone wants to sell at a similar, profitable price down the line. There’s no risk of your neighbors selling lower than you like in a resale development, where earlier buyers might have gotten in at a lower price.

Additionally, if you're able to secure a unit early, you can take advantage of the developer's pricing strategy. Developers often increase prices gradually after the initial launch, meaning your property could appreciate in value even before it's ready for occupancy, potentially resulting in paper gains. Imagine getting in at the ground level and riding the wave of price increases—sounds good, right?

With new launches, you benefit from lower interest payments in the first couple of years, thanks to the progressive payment scheme. But you’ll also have to wait for the condo to be built, which could take two to three years. Is this timeline a deal-breaker for you?

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