New launch gives you higher capital appreciation, while resale gives you immediate rental yield.
The advantages of buying new launches includes:
1. Ease of upfront payment, with progressive payment structure.
2. Developer will fix any defects found (normally within 1 year after TOP)
3. Multiple choice of units
4. Brand new condition (save on renovation cost)
5. Historical record shows that new launch projects normally enjoy upside of 15-20% upon TOP in normal periods, value could be doubled upon completion in good years.
As first owner, you enjoy the most upside potential compared to 2nd/3rd owners. In comparison, if you are buying a resale, tendency is that, at the time of buying, you are among the top 10% paying owner of the whole development, so when you want to sell or rent, you are in a disadvantaged position to price competitively compared with those 1st owners. (as they have bought the unit 10 years ago with a price, let's say, 50% lower than what you had paid. i.e. you are not in a level playground with them).
Feel free to call for further discussion or email for a list of carefully shortlisted properties based on your specific criteria.
Warmest regards
Belinda Zhao
Senior Marketing Consultant
CEA Reg No. : R051311G
Huttons Asia Pte Ltd
Mobile:
(65) 9628 0661
Email: belindazhao1@gmail.com
Property Listings :http://www.findnewlaunchsg.com/
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