One of the most common questions first-time property buyers ask is: should I buy a new launch or a subsale (secondary market) property? Both have distinct advantages. Here's a comprehensive comparison.
What is a New Launch Property?
A new launch is a newly built or under-construction property sold directly by the developer. Prices are fixed by the developer, and you're typically the first owner. All projects on NewProjek are new launches.
What is a Subsale Property?
A subsale (or secondary market) property is one that has already been owned by someone else and is being resold. You deal with the existing owner or their agent.
New Launch: Pros
Lower entry price — developers often price competitively to achieve early sales targetsModern design and facilities — newly built with contemporary layouts and amenitiesProgressive payment — payments spread over construction period eases cash flowDeveloper warranties — 12–24 month defects liability periodRPGT savings — as first buyer, you benefit from lower/no RPGT on future disposalCashback programs — platforms like NewProjek offer 2% cashback on new launchesNew Launch: Cons
Waiting time — you wait 2–4 years for completionRisk of delay — construction can be delayedNo physical inspection — you decide based on floor plans and show unitsVacant possession risk — you receive the property before infrastructure is completeSubsale: Pros
Immediate possession — move in right awayEstablished neighbourhood — shops, schools, transport already in placePrice negotiation — you can negotiate with the sellerWhat you see is what you get — inspect the actual unitSubsale: Cons
Higher renovation costs — may need significant upgradingOlder building — potential maintenance issuesStamp duty on full price — no developer discountsAgent commissions — typically 2%–3% commissionWhich Should You Choose?
Choose New Launch if: You're investing for capital appreciation, have time to wait, want modern facilities, or qualify for developer rebates and cashback programs.
Choose Subsale if: You need immediate occupancy, prefer an established neighbourhood, or are buying for own-stay with specific location requirements.