Similar Layout, Same District—But Over $500K Cheaper? We Compare New Launch Vs Resale Condos In District 5
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A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.
In this Stacked Pro breakdown:
Comparison
We analysed 10 years of price data for two-bedroom condos in District 5, comparing new launch transactions against resale and sub sale deals from 2014 to 2024. Key projects include Terra Hill, Blossoms by the Park, and The Hill @ One-North on the new side, as well as resale comparables like Clavon, Kent Ridge Hill Residences, and The Clement Canopy.
Key Insight
From 2022 to 2024, the price gap between new and resale two-bedroom units widened dramatically, from a modest 6.5 per cent to a staggering 43.5 per cent or $607,000 in 2024. Even recently completed resale condos remain cheaper than brand-new launches, despite similar sizes and locations.
Ryan J. Ong
A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.Read next from Property Investment Insights
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