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New Launch Condo Vs Resale Condo. Paying For A Condo Explained.
Many people think Executive Condominiums(ECs) are a good buy. Even Minister Khaw Boon Wan likened the EC scheme to offering buyers an upmarket Lexus ata much lower price of a Toyota Corolla. But are ECs really such a good deal?
Investors Dilemma – Buy New Launch Condominiums Or Resale Property
With multiple rounds of policies meant to curb property prices growing like bamboo, the market is still going strong. Add that to inflation consistently hitting levels that overwhelm interest on savings, it is no wonder even the average resident in Singapore is looking at making his money work harder by putting it into properties. The performance of real estate since 2009 can after all be likened to an express elevator that goes straight up to the 88th floor.
Is it Better to Buy a New or Resale Property?
Believe it or not, the best person to answer this question is you. That’s because choosing a new or resale property comes down to three important factors – what you’re willing to pay, how much you like the property, and how long you’re willing to wait to move in.
Buying a New Executive Condo vs. a Resale Condo – A Case Study
New launch versus resale: which makes a better investment property?
If you’re buying an investment property to rent out, you have a different set of considerations from the typical homeowner. That means looking at things in terms of cold, hard numbers – it doesn’t matter how pretty (or sometimes how worn out) a property looks. When choosing between a shiny new launch and an old resale condo, here’s what to consider:
What to look for when buying old or resale condos
While some Singaporeans like their properties shiny and new, another group refuses to buy from a showroom. After being burned from experiences like The Seaview, some buyers only trust what they can see. That’s not a bad idea, but you need to know what to look out for. It’s a lot more complex than just checking price histories:
3 risks you’re taking when buying a new launch condo in Singapore
Every three seconds, a new launch condo development sprouts up in Singapore. Or at least it feels like it, if the rapidly disappearing tracts of green space are anything to go by. And even in a sluggish property market, many developers are still making brisk sales.
As most Singaporeans have the luxury of living with their parents until their property is built, buying a new launch condo that will only be ready for habitation in 4-5 years is very common here. However, few people consider the fact that purchasing property in uncompleted developments is riskier than buying built or resale property. Here are three major risks.
BTO vs EC vs Resale – Which is the better money maker?
A lot of Singaporeans think of their house as a retirement plan. Come the age of 65, when we walk out of the office for the last time, we’ll need some sort of income. If the plan is to look at the house, then it’s logical to ponder which type is the real money maker. Not everyone can get a condo, so…should you look at BTO, ECs, or resale for the most profit?
Why you should look at the developer launch site plan
Sometimes, people visiting a showflat concentrate only on the showflat and neglect to check out the developer launch site plan. This is one of the biggest mistakes most amateur home buyers make. We recommend that you also look out for the following things:
99.co guides: Everything to know about private condo payment schedule
A lot of people talk about the American dream. A land of equality and opportunity where you can achieve all the success your heart desires, as long as you put your mind to it and work hard.
Here in Singapore, our dreams are a bit more practical. That as long as you work hard, you’ll be able to acquire the 5Cs: cash, credit cards, a country club membership, a car and most importantly…a condominium.
If you’re one of those people chasing the Singapore Dream, here’s a few things you might want to note about a condo payment schedule.
Guide to Buying Resale Residential Property
New launch versus resale: which makes a better investment property?
If you’re buying an investment property to rent out, you have a different set of considerations from the typical homeowner. That means looking at things in terms of cold, hard numbers – it doesn’t matter how pretty (or sometimes how worn out) a property looks. When choosing between a shiny new launch and an old resale condo, here’s what to consider:
Residential outlook for 2018
Most property consultants are expecting new-home sales to ring in at roughly 11,000 units for 2017. This is a 38% increase from the 7,972 units registered in 2016, says Tricia Song, Colliers International head of research for Singapore.
This year, 18 private residential projects with an estimated 6,000 units were launched for sale, says Ong Teck Hui, JLL national director of research. He foresees about 20 projects being launched next year, yielding 8,000 to 9,000 units. Ong’s forecast for new home sales in 2018 is 11,000 to 12,000 units.
Leasehold versus freehold: An argument that will go on until the cows come home
Why you should consider purchasing a new launch condo
A new launch condo is kind of the BTO of private housing – at the point of sale, you’re buying into an idea of a home. You’ll still have to wait about 3 years for that idea to become an actual, physical reality. So why invest in something that you’re going to have to wait for?
Why you should consider buying completed resale condos
A new launch condo is kind of the BTO of private housing – at the point of sale, you’re buying into an idea of a home. You’ll still have to wait about 3 years for that idea to become an actual, physical reality. So why invest in something that you’re going to have to wait for?
Narrowing price gap between resale units and new launches draws investors