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We’ve covered the basics of new versus resale condos before, but now let’s get further into specifics. In practice, you’ll end up choosing between a mix of new and resale condos in a given neighbourhood; or you may have to consider a new launch versus specific surrounding resale condos. Here’s what you need to know, about making a fair comparison:

Step 1: List and compare prices of surrounding resale options

It might take time to compile, but it is extremely helpful to list down all the surrounding comparables to help you see on a more detailed level of your options in the area.

Step 2: Compare prices based on similar units

You then need to work out which are the most similarly sized ones for a fair comparison.

Step 3: Analyse the floor plans

Next, you have to compare between the floor plans for each. Look out for the pros and cons, like the usual odd suspects in older developments – planters, bay windows, or awkward shaped layouts.

Step 4: Compare the liveable, or habitable, space

You could actually use an online tool for this, but between the floor plans, work out what is the true liveable space in each to make a detailed comparison.

Step 5: If you can view the specific resale unit, consider the value of any renovation work done

Look at the resale units to see if the renovations done are to your expectations and if you need to do any more work.

Step 6: Once you’ve shortlisted your favourite units, zoom out and work out the wider details

Shortlist everything together and then you are able to look at the wider details of the characteristics of the immediate area.

For more details please visit: [https://stackedhomes.com/editorial/6...

Chapters
0:00 Intro
0:32 #1 List Pricing Of Developments Within 1KM
2:03 #2 Comparing Units Based On Similar Sizes
4:18 #3 Analyse Floor Plans
6:56 #4 Compare Livable Space
9:11 #5 Value The Construction Done In The Resale Unit
10:57 #6 Work On “Other Details”

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Stacked is an online editorial aimed at helping Singapore home buyers, sellers, and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.

Editorially independent, our articles are published inhouse and do not receive sponsorship. We hope to provide unbiased, reliable content that our readers can use.

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