- Urgency of moving in
- Transparency of factors
- Payment schemes
- Availability of discounts
- Price differences
- Asking price versus valuation
- Lease decay issues
For most first time home buyers, the choice of new or resale condos is one of urgency – if you need a new condo to move into right now, then resale condos is often the first choice (although you may also consider the option of new developments that have just received their Temporary Occupancy Permit).
But other home buyers are in a position to pick between the two. Perhaps you want a property that you think is a good investment (not always a new one), or you’re pondering the trade off between lease decay and affordability. In this part of our ultimate guide, we’ve narrowed down the main considerations in picking between new or resale condos:
(For a look at new versus resale units including HDB flats, check out our earlier article).
Factors to consider in your decision
