New Launch vs Resale Condo: Which is Better?
Pricing Comparison
New launches often appear more expensive on a PSF basis, but they come with fresh leases (for leasehold), modern designs, developer warranty, and progressive payment advantages. Resale properties offer the benefit of seeing the actual unit before purchase, immediate move-in, and sometimes lower absolute prices in the same location. The "new launch premium" typically ranges from 10-30% over resale equivalents.
Payment Advantages
New launches offer progressive payment schemes where you pay in stages over 3-4 years of construction, meaning lower immediate cash outlay. Resale requires full payment within 8-12 weeks. For buyers who need time to sell their existing property, new launches provide a comfortable runway. Additionally, the progressive scheme means you potentially pay lower interest during construction.
Build Quality & Design
New launches feature the latest architectural designs, smart home technology, energy-efficient systems, and modern layouts optimised for current living preferences. Resale units may have older designs but offer the advantage of knowing exactly what you're getting — you can physically inspect the unit, view, noise levels, and neighbours before committing.
Investment Returns
Historically, new launches in Singapore have shown strong appreciation between launch and TOP, with many gaining 10-20% in value during construction. However, past performance doesn't guarantee future results, and the market conditions at launch and completion matter significantly. Resale properties offer more predictable pricing based on established transaction history.