Unlike buying an iPhone (Apple has a great return policy btw) or even a new TV, you can’t just return a property if you realise that it doesn’t quite fit. And it’s not like you can just sell the house immediately after either, as you have a 3-year seller’s stamp duty (SSD) to contend with in Singapore. Even if you do wait the 3 years out, you’d have to incur other costs such as the lawyer’s fee, agents fee, etc.
And so while we recently wrote about 7 common regrets first-time homeowners have shared with us, it’s a whole different ball game when it comes to buying a new launch property. Unlike buying a resale home, you can’t actually see the actual unit – you’d need to rely on the show flat model, or if they have it, renders of the home. (It’s also precisely why we built our new launch platform, as not every...