If you’re choosing between a new launch and resale property, you’ve probably heard the saying that “the resale will cost more to renovate”. The theory is that, because you need to hack up the previous work, there’s added time and money involved. The saying is so widespread, some buyers take it as incentive to always stick to new launches. The trouble is, there’s no proper way to prove this. The cost of renovations varies on a case-by-case basis; and there’s no actual study that proves resale units will cost more to renovate. On top of that, there’s no sure way to tell how much more the renovations will cost. So we talked to multiple contractors, to try to dig out the truth behind this: First, let’s look at the average cost of renovations in Singapore  Based on responses from contractors, the average cost to renovate a four-room HDB flat (arguably...