COMPARE
Condo (completed)
vs. Condo (new launch)
​
#1
Condo (completed)
Can see and touch the actual unit that you are buying.
Condo (new launch)
Estimate unit from developer showflat and floor plans.
#2
Condo (completed)
Standard buying procedure.
Condo (new launch)
Developer buying procedure.
#3
Condo (completed)
Standard payment procedure.
Condo (new launch)
Staggered payment plan according
to construction process.
#4
Condo (completed)
Able to move in or rent out immediately.
Condo (new launch)
Have to wait for TOP before moving in or renting out.
#5
Condo (completed)
Qualify for all types of bank loan.
Condo (new launch)
Can only apply for floating interest loan.
#6
Condo (completed)
What you buy is what you get.
Condo (new launch)
Developer offers one year warranty for defects after TOP.
#7
Condo (completed)
May have to renovate as it a used house.
Condo (new launch)
Can choose to renovate or not as it is a brand new house.
#8
Condo (completed)
Can get a feel of the neighbourhood in terms of noise level, view from windows, ventilation breeze and natural sunlight. Also possible to check for morning sun or afternoon sun.
Condo (new launch)
Cannot inspect the property surroundings.
#9
Condo (completed)
Full bank loan will kick in after completion of property sale.
Condo (new launch)
Bank loan amount will slowly increase as payment to developer is in batches based on level of construction.
#10
Condo (completed)
Price is based on recent transactions and negotiations.
Condo (new launch)
Developer sets the price.
#11
Condo (completed)
Can choose exact condo to buy.
Condo (new launch)
Can only choose from new development. Some areas may not have new development for years or may not have any land for development unless there is an en-bloc.
#12
Condo (completed)
May not fulfill exact buying expectations as dependent on market supply. Example: want to buy 2 bedroom but only 3 bedroom on sale within the development or want to buy high floor but only low floors for sale.
Condo (new launch)
Much higher chance to choose exact floor, unit number, facing, number of bedrooms, etc from developer units.
#13
Condo (completed)
Lesser potential for capital appreciation.
Condo (new launch)
Higher potential for capital appreciation.