15/03/2018
Resale or New Launch? So which is better?
"For new landlords, we suggest resale units – they are simply less risky. You can see the current rental rates for a resale unit, and physically inspect the property. There is also a transaction history for you to check, so you can reasonably estimate capital appreciation.
As for new launches, our frank opinion is that they’re better suited to seasoned investors. You’d need to estimate the unit’s probable rental yield, appreciation, overall appeal, etc. You must possess a certain level of acumen, and a good ability to read the location before the property even exists.
On top of that, remember you’re paying the mortgage even before you have a tenant. That makes any mistakes much more expensive."
If you're looking to buy an investment property, the article lays out the considerations involved when purchasing a resale unit or a unit at a new launch.
