Many happy returns for resale homes
The return gap may encourage price-sensitive buyers and investors to compare resale opportunities more closely against the convenience and payment structure of new launches.
Buyers of new launches face slimmer gains because of higher purchase prices, while resale homes have delivered stronger returns in Singapore’s property market.
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[SINGAPORE] When 30-year-old medical professional Joshua (not his real name) shelled out S$2.1 million for a gleaming new freehold luxury two-bedder in the Holland Village area in 2023, he and his wife thought they were making a smart investment.
The home was pricey, but the location suited their lifestyle, and the progressive payment scheme meant a smaller initial pinch to their wallets.
More importantly, gains still felt inevitable in Singapore’s red-hot property market, where prices seemed to only march higher.