新楼盘 vs 转售公寓
新加坡两种购房方式完整对比, 价格、付款、增值和风险。
Side-by-Side Comparison
| Factor | New Launch | Resale Condo |
|---|---|---|
| PSF pricing | Higher (new-build premium) | Lower (same area) |
| Time to move in | Typically 3-5 years (wait for TOP) | Roughly 2-4 months after OTP |
| Payment during construction | Progressive Payment Scheme | Full mortgage from key collection |
| Condition | Brand new, developer fittings | Varies. Inspect thoroughly |
| Facilities | Latest designs | Varies by age |
| Unit layout choice | Pick available stack/floor | Limited to what's listed |
| Lease remaining | Fresh 99 years (unless freehold) | Depends on project age |
| Renovation needs | Furnishing + light customisation | Highly variable |
| Rental income during wait | None until TOP | Can rent out immediately |
| Capital appreciation | Varies. Depends on project and market | Varies. Depends on location and condition |
New Launch. Best For:
- Young couples, not in a rush. Happy to wait 3-4 years for a brand-new home.
- HDB upgraders. Progressive Payment Scheme means lower monthly mortgage during construction, letting you save up.
- Investors with cash buffer. Buying at launch often gets best unit selection and developer VIP discount.
- Long-term holders (10+ years). Fresh 99-year lease means less decay worry.
- Modern lifestyle seekers. Smart home, co-working, EV charging, sky gyms. New launches deliver.
Resale Condo. Best For:
- Families needing to move fast. School enrolment timing, job relocation, urgent housing needs.
- Budget-conscious buyers. Same PSF gets you 20-30% more space or a better unit than new launch.
- Rental income from Day 1. Buy, rent out, no 3-year wait for returns.
- Established neighbourhoods. You see mature greenery, know the noise levels, meet the neighbours.
- No showroom risk. What you see is what you get, no surprises at TOP.
The Real Question: Move-In Timing or Total Outlay?
The key trade-off isn't just price. It's cash flow and timing:
- New launches usually cost more per square foot than comparable resale, but the Progressive Payment Scheme means much lower monthly mortgage during the 3-5 year construction period. This can be a big advantage if you're still renting or have other financial priorities.
- Resale condos let you move in quickly and start building equity or earning rental income immediately, but you're paying the full mortgage from Day 1.
Ask Jet to pull recent transaction data for specific projects you're comparing. PSF numbers shift as developers roll out new releases and market conditions change.
Common Questions
Is a new launch cheaper than resale?
Per square foot, new launches are typically MORE expensive than comparable resale in the same area because you're paying a premium for a brand-new property. However, buyers often prefer new launches for the Progressive Payment Scheme (lower monthly mortgage during construction), brand-new condition, and a fresh 99-year lease. The PSF premium varies by project and location.
What's the Progressive Payment Scheme?
For new launches under construction, you pay in stages as building milestones are reached: 20% at Option to Purchase, then smaller installments at foundation, concrete frame, walls, ceiling, car park, and TOP. Mortgage starts small and increases as payments are drawn down. This reduces monthly cash outflow during the 3-5 year construction period.
Do new launches appreciate faster than resale?
Historically new launches have often appreciated more than comparable resale over a holding period, especially in growth areas with infrastructure upgrades. However, results vary. Well-located resale condos near MRT stations and good schools have at times outperformed new launches. There's no guarantee either way; location, project quality, and market cycle all matter more than the new/resale label.
Can I move in immediately with a new launch?
No. New launches typically take 3-5 years to complete (TOP. Temporary Occupation Permit). You sign the Option to Purchase at launch, then pay progressive installments as construction progresses. Keys are handed over at TOP. Resale condos allow move-in roughly 3 months after OTP signing, depending on completion timing.
Which has lower transaction costs?
For new launches from developers, you pay BSD, ABSD (if applicable), and legal fees. Developer absorbs the agent commission. For resale condos, the buyer pays the same BSD/ABSD and legal fees, but the seller pays agent commission. This is typically factored into the resale price. Stamp duties are the same in both cases.
Are renovation costs different?
New launches come with basic developer fittings (white walls, standard flooring, builder-grade kitchen/bathroom). Most buyers budget for furnishing and light customisation after TOP. Resale condos vary widely. Turnkey units ready to move in may need little, while older units may require full renovation. Always inspect carefully and factor reno costs into your comparison.
Not sure which way to go?
Jet will compare specific new launches vs resale units that match your budget, location, and move-in timeline. Real PSF data, real rental yields, no hype.