New Launch Condo Singapore

Most property buyers want to enjoy capital appreciation from their properties and buying a newly launched one can do just that. The first owner of a new property is in the best position to reap the most profit because they are dealing with minimum asset depreciation. There is also less price competition when putting the property in the market for sale because other first-hand owners would have similar selling prices while second-owners would have previously paid a premium on their properties, hence making their asking price less competitive.

Furthermore, having a new property means having the luxury of enjoying brand new facilities and features. These may include condo amenities such as fancy communal kitchen and golf driving range or unit features like smart home systems. Owners also get to enjoy warranties on white goods and defects-free periods offered by developers that will significantly minimize the cost for renovation and maintenance.

New properties are also more likely to appeal to potential tenants. Tenants are spoiled for choice these days and they are savvy enough to know the pros of new units over the cons of older ones. Also, with brand new facilities and fancy amenities, new properties can present more options to negotiate for higher rent too.