Similar Layout, Same District—But Over $500K Cheaper? We Compare New Launch Vs Resale Condos In District 5

The price gap between new and resale condos in District 5 now exceeds $600K. We break down what this means for buyers deciding between the two.

By Ryan J. Ong

Published 26 June 2025, 9:32 PM SGT · 16 min read · 526

District 5’s Price Gap Between New and Resale Condos Is Now Over $600K. Should You Still Buy New?

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.

Why This Matters
For many upgraders, the $2 million threshold for new launches may no longer be feasible, especially when resale alternatives offer more space at significantly lower cost. But the gap isn’t always as extreme as it seems: depending on the project in question, there are other factors to consider - from age to unit count. Understanding which differences matter can help buyers avoid overpaying or missing out.

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For many homebuyers, upgrading from a one to two-bedder in the same area is already a financial stretch. But in District 5, the gap between new and resale condos has grown so large, it’s now time for buyers to pause and perhaps consider alternatives. Based on 2024 transactions, the average new two-bedroom condo in District 5 now costs around $2 million, compared to just $1.4 million for resale units: that’s a $607,000 difference, or a 43.45 per cent premium. That’s the third-highest gap across all districts, and it begs the question: Should upgraders here seriously consider resale instead, where they’d be able to get a larger home?

Frequently asked questions

Why are resale condos in District 5 cheaper than new launches despite similar sizes?

Resale condos in District 5, especially those completed in the last five to seven years, are priced 20 to 30 percent lower than new launches with comparable sizes and locations. This is despite offering similar layouts and amenities, and the price difference is not solely due to age.

How has the price gap between new and resale condos in District 5 changed recently?

From 2022 to 2024, the price gap widened significantly, from 6.5% to 43.5%, with the average new two-bedroom condo costing about $607,000 more than resale units in 2024.

Are resale condos in District 5 still a good deal compared to new launches?

Yes, resale condos often offer larger units at a significantly lower cost, making them a potentially better value for upgraders who want more space and lower prices, despite the newer projects being more expensive.

What factors contribute to the high prices of new launch condos in District 5?

Most new launches in District 5 are concentrated in areas like One-North and Pasir Panjang, with some being freehold developments, which command higher prices. Smaller unit sizes and higher $PSF prices also contribute to the premium.

Is the price difference between older resale condos and new launches justified by their age or condition?

Many resale projects completed in recent years offer layouts and amenities comparable to new launches but are still priced 20-30% lower, indicating that age alone does not fully justify the price gap.

Should buyers consider resale condos over new launches in District 5?

Buyers should consider resale condos for their larger sizes and lower prices, especially since recent resale projects are often comparable to new launches in terms of amenities and location, but at a lower cost.

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Ryan J. Ong

Partner at Stacked

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.