Fraud Blocker
Your search results

5 Cons of Buying a New Development

Posted by Jayson Ang on March 4, 2024
| 0

Luxury properties in Districts 9 and 10 of Singapore are highly coveted, and for good reason. From stunning views and prime locations, to top-notch amenities and an affluent lifestyle, there are many reasons to consider investing in a luxury property in these districts. However, when it comes to choosing between a new development and a resale, there are pros and cons to consider. In today’s episode, we’ll delve into the five key cons of buying a new development in Districts 9 and 10, to help you make an informed decision.

  1. Higher Prices: One of the main cons of buying a new development is that these properties are often priced higher than resale properties. This can make it difficult for buyers to get a good deal, as they are paying more for a property that has yet to be built. In addition, new developments are often priced based on location and other factors that may not be known until the development is completed.
  2. Longer Wait Time: Another downside of buying a new development is that it can take several years for the development to be completed. This can be a long wait for buyers who are eager to move into their new home, and it can also be difficult for buyers to plan for the future when they are unsure of when their property will be ready.
  3. Uncertainty: One of the biggest risks of buying a new development is the uncertainty that comes with it. New developments may not live up to their promises, and buyers may find that they have made a poor investment. This can be particularly true if the development is not completed on time or if the property is not finished to the standards that were promised.
  4. Hidden Costs: When buying a new development, there may be additional costs involved that are not immediately obvious. For example, buyers may be required to pay higher maintenance fees, which can add up over time.
  5. Not Being to See Actual Unit: Choosing a unit is entirely based on the floor plans and brochures on paper. For some people, it may be difficult to imagine the feel of what they are buying. But thankfully, there are virtual tour technology that helps to bridge up the game

If you would like to arrange a viewing appointment with us in Singapore, do send us a DM here at 五新房产

And if you want even more tips and advice on investing in the Singapore property market, be sure to follow, like and share, our XHS channel or contact us for expert advice, and I’ll see you in the next video!

Hello, 大家好!

今天在五新房产我们要跟你分享在新加坡购买新开发项目的 5 个缺点。

1. 价格较高:这些新的房产的价格通常高于转售房产。 这可能使买家很难获得一笔好交易,因为他们为尚未建造的房产支付了更多费用。 此外,新开发项目通常根据位置和其他因素定价,这些因素在开发完成之前可能是未知的。

2. 等待时间更长:购买新开发项目的另一个缺点是开发项目可能需要数年时间才能完成。 对于急于搬进新家的购房者来说,这可能是一个漫长的等待,而且购房者在不确定他们的房产何时可以准备好时也很难为未来做计划。

3. 不确定性:购买新开发项目的最大风险之一是随之而来的不确定性。 新开发项目可能无法兑现承诺,买家可能会发现他们的投资很糟糕。 如果开发没有按时完成,或者如果房产没有按照承诺的标准完成,情况尤其如此。

4. 隐性成本:购买新开发项目时,可能会涉及并非立即显而易见的额外成本。 例如,买家可能需要支付更高的维护费用,这些费用会随着时间的推移而增加。

5. 看不到实际住房单位:选择单位全基于平面图和纸上的宣传册。 对于某些人来说,可能难以想象他们购买商品时的感觉。 但值得庆幸的是,有虚拟化技术来帮购买者参观单位。

如果你有其它跟新加坡房地产有关的问题,请留一条私信在我们五新房产的帐号。

想要更多关于投资新加坡房地产市场的技巧和建议,记得关注我们或联系我们获取专家建议。我们下一个视频见!

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

  1. Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
  2. Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …


Looking To Buy An Older HDB Flat? Here’s What You Need To Know Before You Sign On The Dotted Line!
All Buying Tips

Looking To Buy An Older HDB Flat? Here’s What You Need To Know Before You Sign On The Dotted Line!

TLDR When considering purchasing an older flat, ensure to thoroughly inspect wet areas for leaks, check balcony conditions, watch out...
Read More
Why Can’t We Have More Housing Options For Singles?
All Opinion

Why Can’t We Have More Housing Options For Singles?

TLDR The blog post discusses the evolving regulations for single individuals to purchase public housing in Singapore. It highlights the...
Read More
Is it Better to Sell Your Newly Launched Condo Before or After Completion? Here’s What the Statistics Indicate
All Opinion Selling Tips

Is it Better to Sell Your Newly Launched Condo Before or After Completion? Here’s What the Statistics Indicate

TLDR Determining the best time to sell a newly launched condo involves weighing the benefits of selling before or after...
Read More
Top 5 : Best Karting Circuits in Singapore
Mandarin Top 5

Top 5 : Best Karting Circuits in Singapore

Singapore, a bustling city-state known for its modern architecture, cleanliness, and vibrant culture, is also home to a thriving karting...
Read More
Is Renting Out Your HDB to Live in a Condo a Smart Move? How Rentvesting Can Help You Save Money
All Buying Tips Opinion Selling Tips

Is Renting Out Your HDB to Live in a Condo a Smart Move? How Rentvesting Can Help You Save Money

TLDR Rentvesting is a strategy where individuals rent a home in their desired location while purchasing investment properties in more...
Read More
Singapore’s Housing Phenomenon: A Success Tale Calling for Tweaks – Insights from the Experts
All Opinion

Singapore’s Housing Phenomenon: A Success Tale Calling for Tweaks – Insights from the Experts

TLDR Singapore's housing system has been praised for its effectiveness in meeting citizens' homeownership desires. The public housing program by...
Read More
Top 5 Reasons Why Singapore’s Property Market Is A Haven For High Net Worth Investors
Mandarin Top 5

Top 5 Reasons Why Singapore’s Property Market Is A Haven For High Net Worth Investors

Singapore's property market has long been a magnet for high net worth investors, both local and international. The city-state's strategic...
Read More
Tips for Young Adults to Begin Saving for Their Future Home
All Buying Tips

Tips for Young Adults to Begin Saving for Their Future Home

TLDR When aiming to purchase a home, it is crucial to gain knowledge about the buying process and track your...
Read More
Ouch! Our $1.8 Million Condo Investment Blunder: Unpacking 5 Crucial Takeaways from Our Bad Experience
All Buying Tips Opinion

Ouch! Our $1.8 Million Condo Investment Blunder: Unpacking 5 Crucial Takeaways from Our Bad Experience

TLDR The blog post delves into the complexities of real estate investments using Bob's experiences as examples. It highlights the...
Read More
Singapore’s Real Estate Market: The 5 Most Important Documents to Review Before Buying a Property
Mandarin Top 5

Singapore’s Real Estate Market: The 5 Most Important Documents to Review Before Buying a Property

Singapore's real estate market is highly regulated and can be complex for those unfamiliar with the process. As a prospective...
Read More
Top 5 : Golden Tips to Spot a Good Investment Property
Mandarin Top 5

Top 5 : Golden Tips to Spot a Good Investment Property

Investing in real estate can be a lucrative venture, but it's essential to know how to spot a good investment...
Read More
Top 5 : Why Ultra-Rich Foreigners Will Still Buy Property In Singapore
Mandarin Top 5

Top 5 : Why Ultra-Rich Foreigners Will Still Buy Property In Singapore

Singapore, a small island nation in Southeast Asia, has been steadily gaining recognition as a hotspot for the ultra-wealthy to...
Read More
Does Sell 1 Buy 2 Strategy Still Works Today in 2024?
All Blog Posts Buying Tips Opinion

Does Sell 1 Buy 2 Strategy Still Works Today in 2024?

TLDR When considering the "Sell One By Two" property investment strategy, keep in mind that it involves selling your previous...
Read More
Avoid The Possibility Of Negative Cash Sales: Find Out How Much Your HDB Has To Appreciate To Steer Clear Of It!
All Blog Posts Buying Tips

Avoid The Possibility Of Negative Cash Sales: Find Out How Much Your HDB Has To Appreciate To Steer Clear Of It!

TLDR When selling your property, watch out for negative cash sales that could leave you with no money after CPF...
Read More
5 Reasons : The Benefits Of Investing In A Property With Good Access To Healthcare Facilities In Singapore
Mandarin Top 5

5 Reasons : The Benefits Of Investing In A Property With Good Access To Healthcare Facilities In Singapore

Investing in a property with good access to healthcare facilities in Singapore offers numerous benefits for both homeowners and investors....
Read More
How Can You Prepare for Retirement in an Expensive Real Estate Market? Discover Your Options Now!
All Blog Posts Buying Tips Opinion

How Can You Prepare for Retirement in an Expensive Real Estate Market? Discover Your Options Now!

TLDR The article discusses the challenges of investing in a second property for retirement amidst Singapore's real estate market conditions....
Read More
Top 5 Boutique Shopping Streets in Singapore
Mandarin Top 5

Top 5 Boutique Shopping Streets in Singapore

Singapore, a cosmopolitan city-state known for its vibrant culture and diverse shopping scene, offers a unique blend of modern malls...
Read More
A Comprehensive Guide for Buying Landed Real Estate in Singapore
All Buying Tips

A Comprehensive Guide for Buying Landed Real Estate in Singapore

TLDR When it comes to buying landed property in Singapore, there are three main types: terrace houses, semi-detached homes, and...
Read More
Discovering the Response of Private Property Owners towards the 15-Month Wait-Out Phase
All Buying Tips Selling Tips

Discovering the Response of Private Property Owners towards the 15-Month Wait-Out Phase

TLDR The blog post discusses the impact of the 15-month wait-out period cooling measure on private property owners in Singapore....
Read More
5 Most Iconic Landmarks In Singapore’s Landscape
Mandarin Top 5

5 Most Iconic Landmarks In Singapore’s Landscape

Singapore's landscapes is renowned for its innovative and dynamic approach to urban development, boasting some of the most iconic landmarks...
Read More
1 2 3 28

Compare Listings