RESALE & NEW LAUNCH
Like many buyers, before buying a condominium, are you comparing to get a Resale or a New Launch? Let us take a closer look at a case study and share in more details.
Back In 2015, if given a choice, would you consider a resale condominium Compass Heights near Sengkang MRT, Compass One Shopping mall with Bus interchange and hawker center nearby or new launch High Park Residences at Fernvale? Lets take a look at the location below.
COMPASS HEIGHTS LOCATION
HIGH PARK RESIDENCES LOCATION
There is a very high chances price will hike when Project going to TOP unless you bought the wrong type of Project (Share more details). This is because its is brand new, no waiting time required.
Resale condo price mostly stagnant due to Singapore government implementing cooling measure. Based on demand and supply theory, last 10 years price increase when population increase, enbloc fever and COVID19 (share more details).
In 2015, New Launch High Park Residences was selling at an average of $987psf, Resale Compass Height was selling at an average of $816psf.
In 2021, High Park Residences was selling at an average of $1254psf (27% profit), Compass Height still selling at an average of $8XXpsf.
The buyers bought New Launch High Park Residences in 2015 have made a fortune. Let’s take a look at the TOP 10 profit transaction since 2019 when they obtained the temporary occupation period.
Would you want to be the next investor or home owner to earn these profits?
Let’s meet for a short discussion!