Resale HDB

Should You Buy A Resale Flat Or New Launch Condo First?

Join our Telegram group for instant notifications
Join Now

Ryan J

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 and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

Notify of
Newest Most Voted
Inline Feedbacks
View all comments
3 years ago

Hi Ryan, to make the comparison fairer, I think you should factor in the time value of money of the difference in upfront cost. 150K today is not the same as 150K in 5 year’s time.

3 years ago
Reply to  Karen

Hey Karen! Thanks for highlighting that. Actually we were just making a comparison between the profit/loss for 2 methods – buying a resale HDB or a new launch condo, which was why we didn’t take into account the time value of money as the goal was to see which method is better. Both outcomes would have been affected by the same time value of money factor

3 years ago

very useful and informative article. in some ways, an eye-opener. thanks

Stacked Homes
3 years ago
Reply to  sylvia

Thank you Sylvia, we’re glad you found it informative 🙂

3 years ago

Hi Ryan,

the interest calculations for private condo does not seem to tally?

$651,750 (loan) – $597,512.79 (outstanding with principal paid inclusive) = $54,237.21

is less than the $60,512 interest payment only

3 years ago
Reply to  Waaaaaaaaaa

Hey! Thanks for your question. The $651,750 is the total loan amount, and it being reduced to $597,512.79 means that a principal of $54,237.21 is being paid. The $60,512.29 is just the interest (cost of the loan). So the total payments made are the principle of $54,237.21 and interest of $60,512.29, a total of $114,759.50. Since the $60,512.29 is just the interest, it cannot be used to deduct the outstanding loan since that is just the cost of the loan and doesn’t form part of the balance of the loan. Hope this clarifies!

Latest Posts

old freehold condos
Analysis Are Old Freehold Condos Still Profitable In Singapore?
April 24, 2024
The Vales Condo
Property Picks 10 Cheapest Executive Condos In 2023/24: Here’s Where To Find Them
April 24, 2024
Cluster homes
Analysis Are Cluster Landed Homes Still Profitable? Here’s How They’ve Performed Over 10 Years
April 22, 2024
Phoenix Estate 15
Editors' Pick Touring Phoenix Estate: An Underrated Landed Home Cluster With Unblocked Views And Spacious Roads
April 21, 2024
Amanda Thumbnail Selected 1 compressed
Living In Inside A 1940s Shophouse Unit With A Rustic Motorcycle Garage
April 21, 2024
retirement options cruise singapore
News Would You Sell Your Home To Retire On A Cruise Ship For $300k In Singapore?
April 21, 2024
rivergate condo 1
Analysis Why This District 9 Condo Made Each Owner $775k In Profit: Uncovering The Numbers Behind The Success
April 20, 2024
mcnair area HDB kallang whampoa
Advice We Own A $1.1 Million HDB And Make $22k Per Month: Is It Feasible To Upgrade To A Condo Without Additional Cash?
April 19, 2024
32 Gilstead Featured
Editors' Pick 5 Unique Boutique New Launch Condos You’ve Probably Not Heard Of (From $1.471 Million)
April 18, 2024
5 Cheapest 5 Room HDB Flats Close To The MRT Priced Below 600k
Units Of The Week 5 Cheapest 5-Room HDB Flats Close To The MRT Priced Below $600k
April 18, 2024
How well have old leasehold condos performed
Analysis Can Old Leasehold Condos Still Be Profitable? A Case Study Of 355 Leasehold Condos
April 18, 2024
15. view sky everton
Condo Reviews I’ve Lived At Sky Everton For 4 Months: Here’s My Review Of What It’s Like To Live In A New Condo In The City
April 17, 2024
5 Lesser Known Condos With Unique Duplex Units From 2.08m
Property Picks 5 Lesser-Known Condos With Unique Duplex Units (From $2.08m)
April 16, 2024
garden home sengkang singapore
Living In Inside A Secret Garden Terrace Home Transformation In Sengkang
April 16, 2024
district 11
Commentary Where Have Freehold/Leasehold Condo Prices Dropped The Most In 2023/24?
April 15, 2024
overseas retirement singaporean
Editors' Pick My Search For A Better Alternative To Old Folks Homes In Singapore: Are Overseas Retirement Homes Better?
April 14, 2024