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Hi Mr. Tan,

1) Good question! This is definitely a dilemma that lots of people are facing.
2) To begin with, you are using money to exchange for the time when comes to select between a new condo vs resale.
3) Some people like to listen to Consumer Empowerment Seminar, but some rather read from text to ensure they grasp the detail.
4) Imaging if you select a newly TOP unit, all the facilities are new. Properly you will be proud to invite some of your close friends to share the excitement of your new condo.
5) However, it is rare to invite your friends over to an old resale condo you just bought, where the condo is not at its peak condition.
6) Especially it is difficult to tell a resale condo condition because we only can assess via the surface condition. If we engage a professional to do a detailed check before offering for the unit.
7) First of all, you have to pay maybe a few checks' fees before able to nail the right one. This method of finding a right unit also run a risk of seller asking for higher price after knowing their unit is in good condition.
8) What we observed in the market is usually those who bought the resale unit for their own stay, they already planned a budget of 100~200k especially for family size unit.
9) The only advantage of the resale unit in the market is usually they tend to be bigger in size, although might not be so space-efficient, but definitely bigger size on paper.
10) New condos don't have to worry about structure, drainage, piping, electrical problem which are all embedded. You are definitely able to get all information of all these embedded materials to plan your reno, which will be minimum.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Dear Mr Tan,

I am not so sure, but if priorities are listed right, the confusion could possibly be reduced.

1) New launch condo size can be potentially much smaller than the resale condo units, therefore if the need for space is on the high priority list, then it can be quite easy to decide to go for resale condo.

2) Soon to TOP condo will still require renovations unless you decide to go bare with just installation of lights and curtains. Developer provided appliances typically only consists of washer/dryer, refrigerator, water heater and built in oven. These appliances if purchased in retail stores will typically not be too expensive therefore the only possible difference is the defect liability period given by the developers. Speak to your renovation contractor for such warranty too, which I believe most will provide.

Therefore if size is not a big issue, and you are open to both resale and new launch that is going to TOP soon, I believe that the feel of the property will be important. No 2 projects are the same, location wise and entry price could be the main difference and can appeal differently to different individuals. There is no doubt that some agents will push for new launch projects given that developer commission tend to be more attractive, however, there are still agents who believe in assisting their clients in working out their priorities and recommend the best fit solution instead.

Speak to me if you require further assistance and I will be more than happy to run through the entire process with you.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi Mr. Tan,

It depends on a few factors as well, whether you are comfortable with the price range and monthly mortgage payments. For new launches, in a way renovation costs are factored into the price since its brand new and hence you need not come up with the extra cash to do the renovation. However for the same purchase price, new launches may have a smaller floor space versus resale.

Would you be looking to sell off again within the next 10 years? Too old a resale development may be difficult to exit at a price higher than your entry price and may be tough to breakeven.

Happy to share more based on your needs and requirements and share on the pros or cons of either developments you have decided.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service. Read More

Hi Mr Tan, do contact me at 97970200  to discuss more on your situation and some insights that I will share

Mark, your RIGHT choice
Propnex Read More

Hi Mr Tan,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi MX Tan,

You're absolutely spot on the pros and cons on new launches vs resale properties. I also understand your concerns, and I wish to assure you that there is no right and no wrong advice to your questions.

Every family's profile, family size, needs, expectations and risk profile can be very different. Hence, I would like the opportunity to sit down with your family to better understand your family profile first, before I can give you my most appropriate recommendation for you. I think it's only fair to you that I do this discussion, and not hard sell you any properties without knowing your exact needs.

Do let me know when is a convenient time for you to take this further?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Mr Tan

I understand your concern and definitely there are pros and cons of buying a new development versus a resale condominium.
It will be really depend on what it is you are looking for, are you looking for bigger space only or capital appreciation?
For new condo, may I know why you are only looking for balance unit?
As currently there will be quite a number of new launch condo with attractive entry prices

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More