There is some evidence to suggest that new launch condos in Singapore may appreciate faster than resale condos. According to data from the Urban Redevelopment Authority (URA), new launch private residential properties in Singapore saw an average price increase of 7.9% from Q1 2020 to Q1 2021, while resale private residential properties only saw an average price increase of 2.9% over the same period.
However, it is important to note that these are just average figures and do not necessarily reflect the performance of individual properties or locations. The appreciation of a property’s value depends on various factors, such as its location, amenities, age, and overall market conditions. Some resale properties may appreciate faster than new launches due to their unique characteristics or location advantages.
Furthermore, while new launch condos may appreciate faster in the short term, there is no guarantee that they will continue to do so in the long term. Property investment should always be viewed as a long-term strategy, and investors should consider factors such as rental yields, capital gains potential, and overall market trends before making any investment decisions.
New launch condos may have some advantages over resale condos in terms of potential appreciation, such as:
Attractive pricing and promotions: Developers often offer discounts, promotions, and other incentives to attract buyers during the launch period, which may provide some upside potential for capital gains.
Modern features and amenities: New launch condos often feature modern designs, technology, and amenities that may be more attractive to buyers and renters, which can potentially increase demand and property values.
Longer leasehold: New launch condos typically have a longer leasehold compared to resale condos, which means that they may be more attractive to buyers who are looking for a longer-term investment.
On the other hand, resale condos may also have some advantages over new launch condos, such as:
Established location: Resale condos are often located in established neighborhoods with established infrastructure and amenities, which may provide a more stable and predictable investment.
Better value for money: Resale condos may offer better value for money compared to new launch condos, as buyers may be able to negotiate a lower price and avoid paying additional fees and taxes associated with new launches.
Ultimately, whether new launch or resale condos appreciate more depends on various factors and can vary between different properties and locations. It is important to conduct thorough research and seek advice from a licensed property agent before making any purchase decisions.
