Before you buy your new home, here are some good reasons to consider new launch condos:
- Expected Capital Assurance - When you buy direct from the developer, it will be around the same price as your neighbors in the condo development. If you decide to sell in future, your neighbors may not sell at a much lower price psf than you. For resale condo, there may be neighbors who bought at a much cheaper price than you from the developer many years ago when it was launched - therefore it may have an adverse effect on your selling price.
- Peace of Mind - As the happy new owner of your property, you enjoy a one year defects warranty by the developer upon receiving the keys to your property once the TOP is obtained.This is only available for buyers of new launches or sub-sale. Buying a property from the resale market will put the responsibility of defects (when discovered after taking over the keys) on the buyer to rectify - caveat emptor.
- All Things New - You may want to consider buying from sub-sale or new launches if you prefer to own a brand new property and enjoy new facilities.
- Progressive Payment - This is an important factor to assist your cash flow as you make payments progressively when the construction of the property is ongoing instead of paying the loan instantly. Usually ideal for young couples planning to get married and own their first condo.
- Buy at direct developer prices
- Don’t have to pay agent buyer’s commission as developer pays for it
- Get to own the most modern and new condominium together with their trendiest facilities
- Decide how you would like to furnish your condominium!
- Enjoy the full leasehold duration (for lease hold properties)
- Be a proud owner of the latest and newest condominium
- Hassle-free as you don’t have to negotiate with seller
