A big question most buyers ask when deciding on a property is the the capital appreciation potential of new launch vis-a-vis resale properties. If the objective of your property investment is capital growth, buying a new launch condo may actually offer you a better chance at potential appreciation.
A new launch purchase is usually cheaper due to early-bird developer discounts, and sometimes this sale price is further sweetened with add-ons from the developer. More importantly, what you pay for at a new launch is almost always close to the initial real value of the property. On the flipside, the buyer of a resale property pays for the profit margins of the developer (from the time of the condo launch), as well as the profits of every owner of that unit since!
Aside from the monetary savings resulting from an early purchase (developer discounts etc.), buyers of Building-Under-Construction (BUC) units also tend to secure lower loan interest rates from banks, as compared to loans for properties in the resale market. A BUC loan also follows a progressive payments scheme, in which only a certain percentage of the loan is disbursed at different stages of the property construction, thereby easing the stress of servicing the loan in the first few years.