Your search results

Top 5 Factors : Buying Resale vs New Launch Property in Singapore: Which is Better?

Posted by Jayson Ang on November 3, 2024

| 0

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 …

All Buying Tips Opinion

Craving Dream Homes in the Urban Jungle: The Singaporean Dilemma Unveiled

Jayson Ang – May 10, 2024 –

TLDR The housing landscape in Singapore reflects evolving aspirations and desires, especially among the younger generation. Owning private property is...

Mandarin Top 5

The Importance of Due Diligence in Property Investing in Singapore

Jayson Ang – April 22, 2024 –

Investing in property can be a lucrative venture, but it also comes with its own set of risks and challenges....

All Buying Tips Opinion Selling Tips

Will Property Owners Earn More By Keeping Residential Properties For An Extended Period?

Jayson Ang – December 6, 2025 –

TLDR In Singapore, holding a residential property longer typically yields higher profits—averaging $665,000 after 20 years, versus $200,000 for 5–10...

Mandarin Top 5

The Best Time to Invest in Singapore’s Property Market: Timing is Everything

Jayson Ang – April 30, 2024 –

Investing in the property market is a significant decision that requires careful consideration and analysis. One crucial factor that determines...

All Buying Tips Opinion

Exciting News: Affordable Housing in Singapore by 2024?

Jayson Ang – May 31, 2024 –

TLDR The real estate market in Singapore is experiencing shifts in housing supply and demand, influenced by factors like mortgage...

All Opinion

Why En Blocs Often Fail to Succeed

Jayson Ang – April 26, 2024 –

TLDR In this blog post, the focus is on the challenges and complexities of en-bloc transactions in Singapore's property market....

Mandarin Top 5

How to Build a Property Empire in Singapore: Scaling Your Investments

Jayson Ang – May 8, 2024 –

Real estate investing is a popular way to build wealth and generate passive income. However, like any investment, it comes...

All Reports

Transaction Volumes Remained Subdued Due To The Dearth Of Inventory In Q4 2022

Jayson Ang – March 27, 2023 –

TLDR The Urban Redevelopment Authority (URA) Flash Estimates for Q4 2022 show a 0.1% increase in non-landed private home prices...

All Opinion

Is it Possible for the Government to Truly “Reclaim Your Home” in Singapore?

Jayson Ang – January 25, 2025 –

The Singaporean government possesses considerable authority to reclaim land, whether freehold or not, in accordance with the Land Acquisition Act....

All Blog Posts Opinion Selling Tips

6 Reasons to Think Twice Before Hiring a Friend or Family Member as Your Agent

Jayson Ang – October 31, 2024 –

TLDR In Singapore, hiring a friend or family member as your property agent can be risky. Disclosing sensitive financial details...

All Blog Posts

Singapore Property Swapper

Jayson Ang – December 7, 2022 –

https://www.youtube.com/watch?v=B1NTnjxDPy4 Jayson Ang, also known as the Singapore Property Swapper, is a certified Propnex agent and top 1% producer who...