Asked by Priscillia Qiu
How to decide whether to get new launch vs. resale condo?
198 views
5 Answers
Hi Priscillia
It will be really depend on what it is you are looking for, are you looking for bigger space only or capital appreciation?
Which area that you prefer and how many bedrooms?
I have current price list, promo of every projects in Singapore and will be glad to advise you
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
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
It will be really depend on what it is you are looking for, are you looking for bigger space only or capital appreciation?
Which area that you prefer and how many bedrooms?
I have current price list, promo of every projects in Singapore and will be glad to advise you
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
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
Hi Priscilla,
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. By the way, could I know what is your mid to long term plan?
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
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. By the way, could I know what is your mid to long term plan?
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi Priscillia,
There is no right or wrong choice here. Each has their own pros and cons.
Ultimately, you will need to understand your objectives of the purchase, your expectations, and also your exit plan (if any).
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
There is no right or wrong choice here. Each has their own pros and cons.
Ultimately, you will need to understand your objectives of the purchase, your expectations, and also your exit plan (if any).
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 Priscilla,
Maybe you already heard the information before, but hope you could take serious thought on your main objective.
New launch:
1) Buying a new launch is just like buying BTO, you only buy based on your foresight. There is no actual unit for you to see how high and what scenery you are looking at.
2) It is almost the same as buying BTO. You shall be the 1st owner.
3) Everything will be new, you enjoy a 1-year defect liability period. Received 1-year warranty for all new electrical appliances. All facilities are new.
4) Capital appreciation is there for you no matter how long you going to stay. You may also keep this and pass it down to your next generation to reap the fruit.
5) If you buy as soon as it was launch, the developer will push up the selling price before it is TOP.
Resale condo:
1) Resale condo has a bigger size compared to a new launch.
2) You have to fork in a sum to renovate.
3) capital appreciation is reaped by the seller. You are the one paying them the profit.
4) No one is going to push the price higher other than yourself when you attempt to sell.
5) Other sellers who bought from developers might already be satisfied with the current profit and will not push for higher.
To conclude, new launch although space might not be as generous as resale, capital appreciation is definite.
Resale condo although space is generous but doesn't expect to make money from the purchase.
10 years down the road, you will see that although your property price had gone up, this is merely due to inflation. Meaning your money getting smaller and not because your property price had gone higher.
Both can see as a forced saving, to force you to continue to save till you retire and cash out from the property.
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
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
Maybe you already heard the information before, but hope you could take serious thought on your main objective.
New launch:
1) Buying a new launch is just like buying BTO, you only buy based on your foresight. There is no actual unit for you to see how high and what scenery you are looking at.
2) It is almost the same as buying BTO. You shall be the 1st owner.
3) Everything will be new, you enjoy a 1-year defect liability period. Received 1-year warranty for all new electrical appliances. All facilities are new.
4) Capital appreciation is there for you no matter how long you going to stay. You may also keep this and pass it down to your next generation to reap the fruit.
5) If you buy as soon as it was launch, the developer will push up the selling price before it is TOP.
Resale condo:
1) Resale condo has a bigger size compared to a new launch.
2) You have to fork in a sum to renovate.
3) capital appreciation is reaped by the seller. You are the one paying them the profit.
4) No one is going to push the price higher other than yourself when you attempt to sell.
5) Other sellers who bought from developers might already be satisfied with the current profit and will not push for higher.
To conclude, new launch although space might not be as generous as resale, capital appreciation is definite.
Resale condo although space is generous but doesn't expect to make money from the purchase.
10 years down the road, you will see that although your property price had gone up, this is merely due to inflation. Meaning your money getting smaller and not because your property price had gone higher.
Both can see as a forced saving, to force you to continue to save till you retire and cash out from the property.
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
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
Hi Priscillia,
There are both pros and cons when buying a resale or new launch and therefore it depends on your individual objectives.
For new launch, the probability of capital appreciation is higher if you purchase the correct project. The ROI is also higher because you can leverage on the progressive payment scheme. However the downside is that the layout may be smaller as compared to resale units and the waiting time for the construction during which you may need to incur rental.
As for resale, the appreciation potential may be lower but you are able to enjoy the more generous layout. If you wish to receive the rental immediately, you are able to rent it out once the purchase is completed.
I have helped a few of my clients to analyze and compare. Please feel free to contact me so that I can understand your objectives better and assist you further.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
There are both pros and cons when buying a resale or new launch and therefore it depends on your individual objectives.
For new launch, the probability of capital appreciation is higher if you purchase the correct project. The ROI is also higher because you can leverage on the progressive payment scheme. However the downside is that the layout may be smaller as compared to resale units and the waiting time for the construction during which you may need to incur rental.
As for resale, the appreciation potential may be lower but you are able to enjoy the more generous layout. If you wish to receive the rental immediately, you are able to rent it out once the purchase is completed.
I have helped a few of my clients to analyze and compare. Please feel free to contact me so that I can understand your objectives better and assist you further.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More