Assuming the location is the same, and if given a choice, I would think that almost everyone would prefer to buy a brand new house as compared to a resale one. That’s probably why in the free private housing market, newly launched condominiums command a price premium over resale units. But interestingly, in the subsidised HDB market, new Build-To-Order (BTO) flats are actually priced lower than their resale counterparts. Which also means that there are profits to be made when one buys a BTO flat and then decide to sell it many years later. An illustration using the most classic example in recent years is due here. The proverbial Mr and Mrs Tan bought a Pinnacle@Duxton 5-room flat for $400,000 when the BTO project was launched in 2004 and earlier this year in 2015, sold it for a cool $1 million like their neighbours over here. Pinnacle@Duxton owners rejoice! Sitting on a gold mine? Besides the desire ......