New Launch vs Resale
In a dilemma on whether to go for Private Resale where $psf seems underpriced, bigger space and New Launches perceived to be overpriced with smaller space? Let’s travel back to 2017 and look at how each individual market performs in today’s market.
Today, we will be comparing the performance and layout of projects (Both New Launch and Resale) located within close proximity to each other.
KEY TAKEAWAYS
Looking at the price in terms of absolute quantum and $psf, most people would go for the cheaper option, Costa Del Sol, thinking that it makes much more financial sense and expect to rise to it's competitors pricing of $1,700psf while Seaside Residences would remain stagnant or potentially drop in price because it seems 'overpriced'.
If you bought into Costa Del Sol, a resale unit in 2017, you would have made only a small gain of 8.5% in 4 years. On the other hand, if you bought into Seaside Residences , a new launch unit in 2017, you would have made a gain of 26% in the same period of 4 years.
Now, the valuation of the property should not be determine by it's current price BUT it's potential growth for capital appreciation and other several factors.
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