Fraud Blocker
Your search results

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

Posted by Jayson Ang on March 14, 2025
| 0

TLDR

Determining the best time to sell a newly launched condo involves weighing the benefits of selling before or after the project’s completion. Selling early can lead to quicker profits and less competition, while waiting until completion might attract more buyers and higher prices, albeit with potential risks like construction issues. Data from various condo sales since 2018 indicates that selling after the Temporary Occupation Permit (TOP) often yields slightly better returns, with a 1.4% improvement on average. However, the timing difference is marginal, and decisions should consider market conditions, project specifics, and personal financial strategies. Understanding the Sellers Stamp Duty (SSD) and market trends is crucial for maximizing investment returns in Singapore’s property market.

There has been significant interest in figuring out the best time to sell your newly launched condo, especially as more units from recent developments are approaching completion.

Should you sell before the condo is finished? Selling early allows for quicker access to profits and opens up opportunities for other potential investments. Furthermore, selling sooner can mean facing less competition, particularly if your unit is part of a large-scale development.

Conversely, there are benefits to waiting until the project is completed. You might see an uptick in demand from buyers eager to move in, and if the condo exceeds expectations, it could command a higher price. However, there’s a risk that any construction quality issues could surface, which might negatively affect your selling price.

So, does selling early genuinely offer greater profitability, and how does the timing of your sale influence your returns? We examined data from various condo sales to uncover the answers:

Projects that we used for comparison

We compared private, non-landed projects launched since 2018. We also looked at new resale and new sub-sale transactions for comparison.

Project New Sale to Resale (Vol) New Sale to Sub Sale (Vol) Total Volume
AMBER 45 10 1 11
AVENUE SOUTH RESIDENCE 37 2 39
BUKIT 828 1 1 2
DAINTREE RESIDENCE 8 16 24
FOURTH AVENUE RESIDENCES 2 13 15
JADESCAPE 45 80 125
JUI RESIDENCES 7 2 9
KOPAR AT NEWTON 1 15 16
MARGARET VILLE 31 4 35
MAYFAIR GARDENS 13 14 27
MIDWOOD 6 6 12
NYON 3 1 4
OLLOI 1 1 2
PARC ESTA 56 169 225
PARK COLONIAL 52 56 108
REZI 24 1 4 5
STIRLING RESIDENCES 107 84 191
THE ANTARES 2 2 4
THE GARDEN RESIDENCES 69 4 73
THE JOVELL 4 10 14
THE TAPESTRY 97 19 116
THE VERANDAH RESIDENCES 4 10 14
TREASURE AT TAMPINES 61 275 336
TWIN VEW 43 45 88
VERDALE 1 1 2
WHISTLER GRAND 48 57 105
Total Transactions 674 928 1602

Avenue South Residence transactions were initially recorded as Sub Sale. We changed them to “Resale” for analysis because it was believed that the residence was ready for move-in earlier. We used March 2023 as the date for considering these transactions as Resale instead of Sub Sale.

A look at overall returns

Project New Sale to Resale New Sale to Sub Sale Grand Total Which is better? Difference
AMBER 45 +15.1% +6.1% +14.3% Sell After TOP +9.0%
AVENUE SOUTH RESIDENCE +14.7% +13.7% +14.6% Sell After TOP +0.9%
BUKIT 828 +8.9% -4.6% +2.1% Sell After TOP +13.6%
DAINTREE RESIDENCE +21.6% +22.2% +22.0% Sell Before TOP -0.5%
FOURTH AVENUE RESIDENCES +17.8% +8.4% +9.7% Sell After TOP +9.4%
JADESCAPE +25.8% +22.0% +23.4% Sell After TOP +3.8%
JUI RESIDENCES +9.3% +11.5% +9.8% Sell Before TOP -2.2%
KOPAR AT NEWTON +11.6% +12.7% +12.6% Sell Before TOP -1.1%
MARGARET VILLE +17.1% +11.1% +16.4% Sell After TOP +6.0%
MAYFAIR GARDENS +10.3% +9.8% +10.0% Sell After TOP +0.5%
MIDWOOD +18.4% +20.9% +19.7% Sell Before TOP -2.5%
NYON +16.3% +13.2% +15.5% Sell After TOP +3.1%
OLLOI +24.0% +17.5% +20.7% Sell After TOP +6.5%
PARC ESTA +29.1% +22.7% +24.3% Sell After TOP +6.4%
PARK COLONIAL +20.8% +15.7% +18.1% Sell After TOP +5.1%
REZI 24 +4.3% +7.3% +6.7% Sell Before TOP -2.9%
STIRLING RESIDENCES +24.2% +20.1% +22.4% Sell After TOP +4.1%
THE ANTARES +19.2% +12.9% +16.1% Sell After TOP +6.3%
THE GARDEN RESIDENCES +13.5% +8.2% +13.2% Sell After TOP +5.3%
THE JOVELL +22.7% +16.9% +18.5% Sell After TOP +5.9%
THE TAPESTRY +16.6% +11.6% +15.8% Sell After TOP +5.0%
THE VERANDAH RESIDENCES +13.3% +10.2% +11.1% Sell After TOP +3.1%
TREASURE AT TAMPINES +23.5% +21.8% +22.1% Sell After TOP +1.7%
TWIN VEW +22.6% +17.0% +19.8% Sell After TOP +5.6%
VERDALE +12.8% +13.9% +13.3% Sell Before TOP -1.1%
WHISTLER GRAND +30.7% +24.6% +27.4% Sell After TOP +6.1%
Average +21.3% +19.9% +20.5% Sell After TOP

New resale transactions were slightly better, suggesting it’s often wiser to sell after TOP. However, the difference isn’t significant. In six projects where selling before TOP was advantageous, three only had one new resale transaction, and Jui Residences had two, making it tough to reach solid conclusions. Midwood stands out, as selling after TOP increased value by 2.5 percent.

We need to note that prices increased a lot after Covid

In the aftermath of the Covid pandemic, the housing shortage led to a significant increase in home prices. As a result, we would anticipate that new units compared to resale properties would exhibit stronger performance, as they likely have appreciated due to extended time in the market.

Below are the holding periods for the different transactions:

Project New Sale to Resale New Sale to Sub Sale Grand Total
AMBER 45 4.4 Years 3.2 Years 4.3 Years
AVENUE SOUTH RESIDENCE 4.0 Years 3.1 Years 3.9 Years
BUKIT 828 4.0 Years 1.6 Years 2.8 Years
DAINTREE RESIDENCE 3.7 Years 3.3 Years 3.4 Years
FOURTH AVENUE RESIDENCES 3.6 Years 3.6 Years 3.6 Years
JADESCAPE 4.1 Years 3.7 Years 3.8 Years
JUI RESIDENCES 4.6 Years 3.4 Years 4.3 Years
KOPAR AT NEWTON 4.0 Years 3.6 Years 3.6 Years
MARGARET VILLE 4.4 Years 3.5 Years 4.3 Years
MAYFAIR GARDENS 4.6 Years 4.1 Years 4.3 Years
MIDWOOD 3.2 Years 3.1 Years 3.1 Years
NYON 3.9 Years 3.5 Years 3.8 Years
OLLOI 3.9 Years 2.2 Years 3.1 Years
PARC ESTA 4.3 Years 3.7 Years 3.8 Years
PARK COLONIAL 4.9 Years 3.7 Years 4.3 Years
REZI 24 3.5 Years 4.0 Years 3.9 Years
STIRLING RESIDENCES 4.3 Years 3.6 Years 4.0 Years
THE ANTARES 3.7 Years 3.9 Years 3.8 Years
THE GARDEN RESIDENCES 4.1 Years 3.4 Years 4.0 Years
THE JOVELL 4.2 Years 3.5 Years 3.7 Years
THE TAPESTRY 4.6 Years 3.3 Years 4.4 Years
THE VERANDAH RESIDENCES 5.7 Years 4.7 Years 5.0 Years
TREASURE AT TAMPINES 3.8 Years 3.7 Years 3.7 Years
TWIN VEW 4.9 Years 3.4 Years 4.2 Years
VERDALE 3.6 Years 3.4 Years 3.5 Years
WHISTLER GRAND 4.1 Years 3.5 Years 3.8 Years
Average 4.3 Years 3.7 Years 3.9 Years

For Midwood, the average time between buying and selling is similar for both sub sales and resales, so the holding period isn’t significant for this condo.

Generally, if you wait until after the TOP to sell, the results improve by about 1.4 per cent, which is due to an eight-month difference in the holding period.

In general, the findings indicate that the timing of this brief scale does not significantly impact the results

It’s wise to follow a basic strategy for property buying: purchase when you can hold onto the investment and weather market downturns.

The Sellers Stamp Duty (SSD) imposes a 12% tax on the sale price if a unit is sold within the first year, dropping to 8% and then 4% in following years. This is why many sub sales happen in the fourth year, after the SSD period.

Decisions often depend on the specific project. For a luxury condo with fewer competitors and a promising outlook, waiting might be advantageous as buyers may pay more for something they like.

In contrast, for mass-market launches, timing can be crucial. If you bought early and others bought later, selling before more listings appear could be wise, even if you risk missing a higher price later.

Finally, private property prices are rising slowly and struggling to exceed $2,200 per square foot, affecting sub sale transactions. Buyers should be ready to hold their properties longer than expected, possibly needing to sell well after the official completion date.

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 …


Debunked! 6 Popular Property Myths of 2023, Including the 99-1 Loophole – Legal or Not?
All Buying Tips Opinion

Debunked! 6 Popular Property Myths of 2023, Including the 99-1 Loophole – Legal or Not?

TLDR This blog post delves into various aspects of the Singapore property market, including topics such as decoupling, 99-1 property...
Read More
Revival of Singapore Luxury Housing Market in 2023
All Blog Posts Opinion

Revival of Singapore Luxury Housing Market in 2023

TLDR The property market in Singapore has witnessed significant shifts in the past two years, with a surge in prices...
Read More
What Factors Contribute To Singapore’s Real Estate Market Exhibiting Less Volatility Than Other Major Cities?
All Buying Tips Opinion

What Factors Contribute To Singapore’s Real Estate Market Exhibiting Less Volatility Than Other Major Cities?

TLDR The Singaporean real estate market has remained stable due to government cooling measures. These include Additional Buyer's Stamp Duty...
Read More
Should You Keep Your Resale HDB Flat When Buying a Private Property? 5 Key Factors to Consider
All Blog Posts Buying Tips Opinion Selling Tips

Should You Keep Your Resale HDB Flat When Buying a Private Property? 5 Key Factors to Consider

TLDR In Singapore, owning both an HDB flat and a private property has become complicated due to factors like Additional...
Read More
Planning for Retirement: Considerations for Downsizing Your Property
All Blog Posts Buying Tips

Planning for Retirement: Considerations for Downsizing Your Property

TLDR Downsizing your home for retirement can bring financial security, closer family ties, and new adventures. Consider the benefits of...
Read More
5 Points : Singapore’s Property Market vs. Stock Market: Which is the Better Investment Option?
Mandarin Top 5

5 Points : Singapore’s Property Market vs. Stock Market: Which is the Better Investment Option?

Investing is an important aspect of personal finance and can be a valuable way to grow wealth over time. However,...
Read More
Top 5 Factors : Why Investing In A Property With A Good View Can Be A Profitable Move In Singapore
Mandarin Top 5

Top 5 Factors : Why Investing In A Property With A Good View Can Be A Profitable Move In Singapore

Investing in a property with a good view in Singapore can be a profitable move for several reasons. Here are...
Read More
Top 5 Reasons : Why Investing in Singapore’s Property Market Is a Smart Move for Millennials – Expert Analysis!
Mandarin Top 5

Top 5 Reasons : Why Investing in Singapore’s Property Market Is a Smart Move for Millennials – Expert Analysis!

In recent years, Singapore has emerged as a global financial hub and a prime destination for property investments. The city-state's...
Read More
Unlock the Potential of Your Home: 5 Reasons to Start Selling Now
All Blog Posts Opinion

Unlock the Potential of Your Home: 5 Reasons to Start Selling Now

TLDR When considering selling your home, several key indicators can help you determine if it's the right time to make...
Read More
Top 5 Tips : Finding the Right Property: Location, Size, and Price in Singapore Real Estate
Mandarin Top 5

Top 5 Tips : Finding the Right Property: Location, Size, and Price in Singapore Real Estate

Singapore, known for its diverse culture, strong economy, and excellent infrastructure, is a popular destination for real estate investments. The...
Read More
Top 5 Factors Should Be Taken Into Consideration When Choosing The Right Neighborhood To Invest In Singapore’s Real Estate Market
Mandarin Top 5

Top 5 Factors Should Be Taken Into Consideration When Choosing The Right Neighborhood To Invest In Singapore’s Real Estate Market

Singapore's real estate market is known for its stability and potential for growth, making it an attractive investment destination for...
Read More
Ultimate Handbook on HDB Income Ceilings for BTO, Resale Flats, and Executive Condominiums
All Blog Posts Buying Tips

Ultimate Handbook on HDB Income Ceilings for BTO, Resale Flats, and Executive Condominiums

TLDR Owning an HDB home in Singapore depends largely on income ceilings. The HDB income ceiling limits monthly household earnings...
Read More
5 Homeowners Share Their Biggest Regrets Delaying Their Property Purchase in Singapore
Mandarin Top 5

5 Homeowners Share Their Biggest Regrets Delaying Their Property Purchase in Singapore

In the fast-paced and ever-evolving property market of Singapore, making a timely decision to purchase a property can make all...
Read More
Top 5 Factors : Location More Important Than Freehold Status?
Mandarin Top 5

Top 5 Factors : Location More Important Than Freehold Status?

When it comes to purchasing a property, there are numerous factors that potential buyers need to consider. While the debate...
Read More
Should You Purchase a Small Landed Home or a Larger Condo? Insights from Singaporeans
All Buying Tips Selling Tips

Should You Purchase a Small Landed Home or a Larger Condo? Insights from Singaporeans

TLDR When deciding between a compact landed house and a spacious condominium, consider key factors like security, parking, maintenance costs,...
Read More
The Impact of a Real Estate Agent on Your Property’s Selling Price
All Buying Tips Opinion

The Impact of a Real Estate Agent on Your Property’s Selling Price

TLDR In the world of real estate, the value of property agents lies in their ability to create competition among...
Read More
What Happens To Your Housing Loan Once You Sell Your House?
All Blog Posts Buying Tips

What Happens To Your Housing Loan Once You Sell Your House?

TLDR When selling your home in Singapore, ensure you pay off your outstanding home loan, refund any CPF monies used,...
Read More
Investment 101: The Top 5 Best Long-Term Values In Singapore’s Property Market
Buying Tips Mandarin Top 5

Investment 101: The Top 5 Best Long-Term Values In Singapore’s Property Market

Investment 101: The Top 5 Best Long-Term Values In Singapore's Property Market When it comes to purchasing property in Singapore,...
Read More
The Top 10 Traits Of A Good Real Estate Agent
All Blog Posts Buying Tips Top List

The Top 10 Traits Of A Good Real Estate Agent

TLDR Jayson Ang, a reputable real estate agent in Singapore, offers extensive experience and a data-driven approach to guide clients...
Read More
Top 5 Rooftop Pools in Singapore for a Swim
Mandarin Top 5

Top 5 Rooftop Pools in Singapore for a Swim

Singapore, a bustling city-state known for its iconic skyline and innovative architecture, is home to some of the most stunning...
Read More
1 14 15 16 17 18 27

Compare Listings