The decision to invest in a property in Singapore can be both exciting and daunting, especially when faced with the choice between a resale property or a new launch property. Each option has its own set of advantages and disadvantages, and the best choice ultimately depends on your individual needs, preferences, and financial situation.
We will explore the top 5 factors to consider when deciding between a resale and a new launch property in Singapore, along with an introduction and conclusion to help you make an informed decision.
Top 5 Factors:
1. Facilities and Amenities: New launch properties often come with modern facilities, features, and designs that cater to the latest trends and preferences. These may include smart home technology, commercial spaces within the development, and state-of-the-art recreational facilities. On the other hand, resale properties may have older facilities but could be located closer to established amenities such as schools, shopping centers, and public transportation.
2. Unit Size: Resale properties generally offer larger unit sizes compared to new launch properties, as developers in the past had more space to work with. If having a spacious living area is a priority for you, a resale property might be a better choice.
3. Payment Schedule and Financing Options: When purchasing a new launch property, buyers are required to make payments in stages, with a 5% cash payment upon booking and signing the Option to Purchase (OTP). Resale properties, however, require a higher down payment (minimum 25%) and may have more flexible financing options
4. Capital Appreciation Potential: New launch properties may offer higher potential for capital appreciation due to their modern facilities and features, as well as upcoming developments in the area. However, resale properties in prime locations with strong demand may also see significant capital appreciation over time.
5. Rentability: If you plan to rent out your property, consider the rental demand in the area and the type of tenants you wish to attract. New launch properties may appeal to tenants who prefer modern facilities and designs, while resale properties may attract those who prioritize space and proximity to amenities.
In conclusion, the decision between buying a resale property or a new launch property in Singapore depends on various factors such as facilities, unit size, payment schedule, capital appreciation potential, and rentability. It is essential to carefully weigh the pros and cons of each option and consider your individual needs and financial situation before making a decision. By taking these factors into account, you can make an informed choice that best suits your property investment goals and preferences.
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:
- Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
- 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 …
Jayson Ang – July 3, 2023 – Share
TLDR The article delves into the intricacies of property asset progression in Singapore's real estate market. It highlights the risks...
Read More
Jayson Ang – August 13, 2023 – Share
TLDR When it comes to purchasing property in Singapore as a Permanent Resident or Foreign National, there are specific restrictions...
Read More
Jayson Ang – May 23, 2023 – Share
TLDR When selling a condo, focusing on highlighting key facilities like gyms, swimming pools, family-friendly amenities, community gardens, and clubhouse...
Read More
Jayson Ang – August 7, 2023 – Share
TLDR: Key Takeaways from the Blog Post Singapore's real estate market offers both pros and cons for investors. The advantages...
Read More
Jayson Ang – May 6, 2024 – Share
Singapore, a melting pot of cultures and flavors, is well-known for its diverse culinary scene. Among the many gastronomic delights...
Read More
Jayson Ang – December 21, 2022 – Share
TLDR When purchasing a property in Singapore, it is crucial to thoroughly assess various aspects of the home to avoid...
Read More
Jayson Ang – August 25, 2024 – Share
TLDR Investing in a 99-year leasehold landed property in Singapore can be a lucrative venture due to the country's land...
Read More
Jayson Ang – October 25, 2023 – Share
TLDR Parents often seek homes within 1km of desired primary schools to increase enrollment chances. Consider oversubscription rates and population...
Read More
Jayson Ang – June 4, 2024 – Share
Singapore, a small yet bustling city-state, is well-known for its impressive skyline, diverse culture, and delicious food. However, not many...
Read More
Jayson Ang – April 2, 2023 – Share
TLDR When a property deal is not yet formalized, sellers can withdraw without consequences. However, once an Option to Purchase...
Read More
Jayson Ang – February 23, 2024 – Share
TLDR Renting out an HDB flat in Singapore can be a lucrative source of secondary income. Key considerations include adhering...
Read More
Jayson Ang – February 9, 2025 – Share
Singapore's property market has always been a topic of interest for both local and international investors. The city-state's real estate...
Read More
Jayson Ang – March 21, 2024 – Share
Singapore, a bustling city-state known for its modern architecture and vibrant culture, is also home to some of the most...
Read More
Jayson Ang – December 14, 2023 – Share
TLDR The blog post delves into the complexities of real estate investments using Bob's experiences as examples. It highlights the...
Read More
Jayson Ang – March 13, 2025 – Share
Singapore, a city-state in Southeast Asia, is known for its rich cultural heritage, diverse population, and vibrant food scene. This...
Read More
Jayson Ang – October 19, 2024 – Share
Singapore, a bustling city-state known for its modern architecture and vibrant culture, also offers some of the most picturesque driving...
Read More
Jayson Ang – October 21, 2024 – Share
Singapore, a vibrant and dynamic city-state, offers a diverse range of housing options for prospective homebuyers. From condominiums and HDB...
Read More
Jayson Ang – July 2, 2023 – Share
5 Hidden Expenses to Watch Out for When Buying a Home in Singapore Buying a property in Singapore can be...
Read More
Jayson Ang – July 10, 2023 – Share
Investment 101: The Top 5 Best Long-Term Values In Singapore's Property Market When it comes to purchasing property in Singapore,...
Read More
Jayson Ang – June 20, 2023 – Share
TLDR When navigating the Singapore property market, it's crucial to consider various superstitious beliefs that can impact your decisions. From...
Read More
