New Launch vs Resale Condos Singapore 2025: Which is Right for You?
Introduction
Choosing between a new launch condo and a resale condo is a pivotal decision in Singapore’s competitive property market, where new launches average S$2,200 psf and resale condos range from S$1,600–S$1,800 psf. With 7,261 units sold in Q1 2025 and 8,505 new units planned for H1, buyers face a wealth of options. This in-depth guide compares the pros, cons, and key differences, supported by data, to help you decide which option aligns with your goals.
New Launch Condos: Pros and Cons
Pros
- Modern Designs: New launches feature cutting-edge amenities like smart home systems, eco-friendly designs, and integrated workspaces, aligning with 2025’s Green Mark standards.
- Progressive Payment Schemes: Buyers pay in stages (e.g., 5% at booking, 20% during construction), easing cash flow compared to immediate full payments for resale units.
- Capital Appreciation Potential: OCR new launches saw a 5.3% price increase in 2024, with projects like Chuan Park offering strong growth prospects.
Cons
- Higher Prices: New launches command a 27.96% premium over executive condos and 37.23% over resale condos, with median prices at S$2,213 psf in Q1 2025.
- Waiting Period: Construction typically takes 2–4 years, delaying occupancy.
- Market Risks: Economic shifts or construction delays could impact value.
Resale Condos: Pros and Cons
Pros
- Immediate Occupancy: Resale condos allow buyers to move in immediately, ideal for those with urgent housing needs.
- Affordability: Median resale prices in the OCR were S$1,545 psf in Q1 2025, compared to S$2,228 psf in the CCR.
- Established Communities: Mature estates offer proven rental demand (3.8% yield in OCR) and amenities like schools and malls.
Cons
- Older Facilities: Aging infrastructure may require renovations, increasing costs.
- Limited Appreciation: Resale condos in mature estates saw median capital gains of S$365,000 in 2024, lower than new launches in growth areas.
- Maintenance Costs: Older condos may have higher fees due to wear and tear.
Key Differences
- Price: New launches are pricier due to modern designs and developer margins. Resale condos offer larger units at lower psf rates.
- Tenure: New launches are predominantly leasehold (99 years), while resale markets include freehold options, impacting long-term value.
- Availability: Resale condos provide instant occupancy, while new launches require waiting, affecting timeline-sensitive buyers.
The chart below illustrates the price gap between new launch and resale condos in 2024, highlighting affordability trends.
Which Should You Choose?
- New Launch Condos: Ideal for investors or buyers with flexible timelines, seeking modern amenities and growth potential in areas like Tengah or Punggol. The progressive payment scheme suits those expecting income growth.
- Resale Condos: Best for buyers needing immediate housing or prioritizing affordability in established areas like Tampines or Jurong.
Practical Tips for Decision-Making
- Compare PSF Rates: Use portals like PropertyGuru to analyze prices across regions.
- Assess Your Timeline: If you need to move in within months, resale is the better choice.
- Visit Properties: Inspect showflats for new launches or resale units to evaluate condition and amenities.
- Consider Rental Yields: OCR resale condos offer higher yields (3.8%) than CCR (3%), making them attractive for investors.
- Engage a Property Agent: Agents can negotiate discounts or identify undervalued resale units.
Market Insights
In 2024, new launches like Norwood Grand achieved an 84% take-up rate due to their rarity and connectivity, while resale condos in District 23 (Hillview/Tengah) saw strong demand due to new projects like The Botany at Dairy Farm. The price gap between new and resale condos narrowed in 2023, with leasehold condos reaching S$1,885 psf, reflecting growing demand for affordable options.
Risks to Consider
- New Launches: Construction delays or economic downturns could affect completion timelines or value.
- Resale Condos: Older units may face higher maintenance costs or lower appreciation in saturated markets.
Conclusion
In 2025, new launch condos offer modern designs and investment potential, while resale condos provide affordability and immediate occupancy. Use our price comparison chart to weigh options and consider your financial goals and timeline. Whether you prioritize cutting-edge amenities or established communities, Singapore’s condo market offers diverse opportunities.
Explore our financing guide or contact us for a personalized consultation to find the perfect condo!