As seen in an article, In Seletar Hills, for instance, a three-bedroom, 1,227 sq ft apartment at Greenwich – a newly launched project, has sold for about $1.6 million – or $1,300 per sq ft (psf).Yet further into the estate, units at an older freehold condo, Nim Gardens, have transacted for between $1.36 million and $1.48 million. With a floor area of 1,830 sq ft, this works out to just $740 to $800 psf.
We can see that the difference is indeed Significant.
So why would one still choose to purchase new properties over resale ones?