If you’re buying a condo in Singapore — especially as a first-time buyer or HDB upgrader — one of the biggest questions you’ll face is whether to buy a new launch or a resale property. Both come with unique advantages and potential trade-offs. The right choice depends on your timeline, budget, lifestyle needs, and long-term goals.
At PropertySpaceSG, we’ve helped many buyers navigate this decision. Here’s a comprehensive guide to help you compare new launch and resale condos so you can make the right move for your future.
What Is a New Launch Condo?
A new launch condo is a project that is either under construction or just about to start. Developers typically open showflats for public viewing before the official launch date. Buyers book units during the early sales phase, often at promotional prices, and wait 2–3 years for the Temporary Occupation Permit (TOP).
Key Benefits:
- Brand new unit with modern designs and facilities
- Progressive payment schedule (less financial pressure upfront)
- Longer remaining lease tenure
- Early-bird prices and potential for capital appreciation
Common Considerations:
- Wait time of 2–3 years before move-in
- Limited ability to inspect actual unit
- PSF (price per square foot) is usually higher
What Is a Resale Condo?
A resale condo is a completed unit that is available on the open market. You can view the actual unit, assess the neighbourhood, and move in as soon as the sale process completes (usually 8–12 weeks).
Key Benefits:
- Immediate move-in or rental income potential
- Larger unit sizes, especially in older developments
- Room for price negotiation
- Established neighbourhoods and mature amenities
Common Considerations:
- Older lease tenure (especially for leasehold units)
- May require renovation or repairs
- Higher upfront payment compared to progressive payment schemes
Side-by-Side Comparison: New Launch vs Resale Condo
| Feature | New Launch | Resale Condo |
|---|---|---|
| Move-in Timeline | 2–3 years (after TOP) | Immediate |
| Price per sq ft | Usually higher | Often more negotiable |
| Layout & Facilities | Modern, brand new | May be dated, larger layouts in older units |
| Lease Tenure | Fresh 99 years / freehold | Shorter remaining tenure in older units |
| Financial Commitment | Progressive payments | Higher upfront lump sum |
| Viewing | Showflat only | Actual unit and surroundings |
| Investment Potential | Potential appreciation from launch price | Rental yield available immediately |
Which Should You Choose?
If you’re an HDB upgrader or someone who doesn’t need to move in immediately, a new launch might appeal to you. You’ll enjoy a fresh unit, lower maintenance, and a longer runway for capital appreciation. The progressive payment scheme also helps you manage your cash flow over time.
If you need a home right away — or want to avoid construction delays — a resale condo offers certainty and immediate access. It’s also ideal if you’re looking for larger unit sizes, established neighbourhoods, or buying for rental income.
Ultimately, it depends on your personal priorities: Do you value modern amenities and long-term growth, or immediate convenience and flexibility?
Final Thoughts
There’s no one-size-fits-all answer when comparing new launch vs resale condos in Singapore. What matters is finding the option that aligns with your lifestyle, financial goals, and timeframe.
At PropertySpaceSG, we help you weigh all the factors — and find the right property for your future.