Tembusu Grand vs Resale Condos
Singapore is a bustling city-state with a highly competitive real estate market. One of the most significant decisions homebuyers face is whether to buy a new launch Tembusu Grand or a resale condo. Each option has its advantages and disadvantages, and it’s important to consider them carefully before making a decision.
New Launch Condos
New launch condos are properties that are currently under construction or are yet to be built. These condos are typically sold by developers, and buyers can choose from a variety of floor plans and finishes. Tembusu Grand has a wide range of floor layouts from 1 bedder to 5 bedder. The 5 bedder includes a penthouse as well.
Here are some of the benefits of buying a new launch condo in Singapore:
Modern Amenities and Facilities
New launch condos come with modern amenities and facilities that are designed to cater to the needs of residents. These amenities can include swimming pools, gyms, gardens, playgrounds, and BBQ pits. They are typically designed to provide a luxurious and comfortable living experience.
One of the significant advantages of buying a new launch condo is that buyers can customize their units according to their preferences. They can choose from a variety of floor plans, finishes, and fixtures to create a personalized living space.
High Potential for Capital Appreciation
New launch condos have the potential to appreciate in value over time, especially if they are located in prime areas with good connectivity and amenities. This means that buyers can enjoy a significant return on investment if they decide to sell their unit later on.
However, there are also some drawbacks to buying a new launch condo:
Buyers who purchase a new launch condo will have to wait for a few years before they can move in. This can be a significant inconvenience, especially if they need a place to live immediately.
New launch condos tend to be more expensive than resale condos, primarily because of the modern amenities and facilities they offer. Buyers will need to have a larger budget to afford a new launch condo.
Resale condos are properties that have been previously owned and lived in by other people. They can be sold by individual owners or through property agents. Here are some of the benefits of buying a resale condo in Singapore:
Resale condos are generally cheaper than new launch condos because they are not brand new. This means that buyers can get more value for their money.
Buyers who purchase a resale condo can move in immediately, without having to wait for the unit to be built.
Resale condos are typically located in mature estates with established communities. This means that buyers can enjoy a sense of belonging and social connection from day one.
However, there are also some drawbacks to buying a resale condo:
Buyers who purchase a resale condo will have limited customization options. They will have to live with the existing floor plan and finishes.
Maintenance and Repair Costs
Resale condos may require more maintenance and repairs compared to new launch condos because they are not brand new. Buyers may need to budget for these costs when purchasing a resale condo.
In conclusion, the decision to buy a new launch or resale condo in Singapore depends on several factors, including budget, location, and personal preferences. New launch condos such as Tembusu Grand offer modern amenities and customization options, but come with a higher price and waiting time. Resale condos offer a lower price and immediate move-in, but come with limited customization options and potential maintenance and repair costs. Ultimately, buyers should carefully consider their options and choose a property that best suits their needs and lifestyle.