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Good day sir / madam.

You are right about having to pay rent while you wait for your new launch to complete.

There are various variables .

New launch is nicer and enjoy a newer land lease but generally cost 30% more resale condo , however there are some savings in terms of renovations costs for new launches.

Kindly contact me joanne chia mobile 8333 3327  for a no obligations chat for your property needs.

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS regardless new launch or resale .

Joanne Chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

The new launch must be really worth the trouble for those costs involved. Pros of getting the new launch, getting a brand new condo with brand new fittings and at a location your desire. Longer lease period. Perhaps also within 1km of a particular school you like. Cons will be probably a higher price quantum vis a vis resale condos in the vicinity and also the rental outlay as you have calculated. Its a little subjective.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Dear sir/madam,

There are many people who have asked similar questions like you do, and I have always checked for applicability of situation.

A resale option is definitely more attractive if you are able to nail down a unit which is priced reasonably and with the right physical and environmental attributes, but there is only limited units in the supply line which probably fit into such requirements and the price line is likely outside the comfort bracket given that you are likely going to spend on renovation or refurbishment.

In contrast, a new launch offers you more choices, given that if #9 unit is taken, you may still have #2 to #8 to choose from as they are likely going to have similar attributes other than the view out of the window.

When it comes to purchasing a family home, economical sense is usually not the top priority.

Perhaps you may wish to furnish about your needs and wants on top of limitations you have such that we maybe able to match suitable units for you?

Do get in touch with me in private if you require further assistance as we are not alerted to any responses posted on this thread.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
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Mobile: +65-81577565  /+65-92787772
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Hi, it really depends on individual portfolio. There are some buyers of mine who did just that. As they believed in that new launch location where the entry price is right and also as they are the 1st owner, they would be able to recoup all their investment back plus profits should they decide to sell their condo someday.

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

Hi,

All comments provided are indeed valid and worth deep thoughts.

I would like to offer some thoughts of mine for you to take into consideration.

1) Sell existing and buy new launch allow you not to pay ABSD which is indeed high in quantum 12% for SC, since this is considered by IRAS as the 2nd property.
$1M property = $120,000. Although you may apply for remission upon TOP, but that would be 3~4 yrs down the road.

2) New launch defects will be taken care by developer for 12 mths. You have to pay for all defects for resale.

3) Once booked, it is confirmed you will get the unit for new launch. In resale, things can happen to seller which could halt the whole buying process.

Hope the above answer to your main concerns, but if there are more queries, 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

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Hi,

There is no right and wrong here, it very much depends on your family needs and objectives.

There are pros and cons for each, which my colleagues have already explained.

I have clients who only wants to move in to a new home, they don't mind renting while waiting for their new home to TOP. I too have clients who don't mind a resale house, they prefer to purchase their own home and does not want to stay at a rented place at all.

Ultimately, you know yourself what suits you and your family the best.

Should you need any 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