hi bro,
1) haha, did I mentioned resale must always be buying those old old type with lease decay?
2) sometimes, I like to buy those resale that r still under subsale or just newly TOP units. For example, some 2018 units on propguru listing are still asking at near 2018 price. U really need to keep track of theses new launch pricing at different years and look hard to find them.
This is very prevalent for those projects that r not meant for self stay type but mainly for investment type. U won’t get to find them in OCR usually, because buyers r usually buying for self stay and they r prepared to hold long term. It’s mostly found in RCR or CCR where buyers bought for investment purpose. Because some of these investors did not buy and plan to hold long term to begin with, they usually hold for 3 years and when they realised not much profit margin, they may want to do a quick exit at breakeven or sell at thin profit margin. So, for such cases, why do I want to buy new launch at 2021 price when I can get newly top projects at 2018 price if it’s for investment purpose?
3) with current and upcoming ridiculous prices in new launches, I can say in 2024/2025, u will get to buy some of these units cheaper than u what bought in 2021.
4) if buy for self stay, it’s different. for example, in 2006, I bought a newly TOP resale at a price 100k plus higher than my neighbours who bought during launch. But I know this unit is very big size unit and it’s gonna be a self stay unit for me in the next 10 years. So I stayed from 2006 to 2017 and sold it off. Still made around 400k. Coz self stay means time is on my side mah, even though I pay 100k more than my neighbour who bought during new launch. Of coz some of my neighbour more huat than me if they exit the same time as me. But u will be surprised I can still be more huat than some of my neighbours though they bought cheaper than me. Why? Because they exit in 2015 (property lull period) and I exit in 2017 (where property price starts to pick up during massive enbloc).
5) to summaries, i can time my enter and exit plan. But I can’t time so accurately when is the highest and when in the lowest price point. I don’t really advocate die die must buy resale or new launch. I actually quite flexible tbh. I simply just don’t like to buy in a seller’s market. I only like to buy in buyer’s market coz there’s usually more choices to choose from and price r usually more negotiable.
Just sharing my Two cents