Resale Popularity Surges as New Launch Prices climb

The Singapore private residential market continues to defy gravity. New launches are setting fresh price benchmarks almost every quarter. At the same time, resale condos are enjoying a surge in demand as buyers balance affordability, space, and immediacy against rising new launch prices.

This dual trend highlights one key shift: the price gap between new and resale is narrowing fast. For condo buyers and owners, understanding this dynamic is critical to making the right property decisions.

Resale Condos Popularity Surges

While new launches break records, resale transactions have surged. In Q2 2025, resale accounted for 71% of all private home sales, up sharply from 49% in the previous quarter.

Why buyers are turning to resale:

More space for money: Older projects typically offer larger floor plans at a lower psf.

Faster move-in: No waiting 3–4 years for TOP.

Narrowing price gap between resale and new launches: Resale is a more budget-friendly for families and investors seeking value.

Reasons behind narrowing price gap between Resale and New Launches

Recent GLS tenders have been competitive with many developers pushing for sites at benchmark land prices due to positive take-up rates at launch, and lower borrowing costs, putting an upward pressure on launch pricing:

Holland Link: Sim Lian’s top bid S$1,432 psf ppr, 22% above the 2nd bid; 5 bidders — a clear show of confidence

Lakeside Drive: (next to Lakeside MRT): CDL’s top bid S$1,132 psf ppr, with six bidders participating

Chuan Grove: Singholdings and Sunway’s top bid of S$1,376 psf ppr and $1,331 psf ppr for the more recent neighbouring site to replenish it’s landbank could translate to benchmark prices of around $2,700 psf

What does this mean for Buyers & Sellers

Larger resale units are often priced at same or lower quantum as smaller new launch units and would be worth the consideration.

Investors may find resale units fetches better rental yield and capital gains amid the recent upward revision to the Seller Stamp Duty rates and holding period to 4 years.

Singapore’s private residential market is at an interesting crossroads. Resale condos are enjoying traction and popularity as buyers search for value, space, and immediacy.

The gap between new and resale prices is closing faster than ever. For buyers, this means careful trade-offs between lifestyle, budget, and long-term investment. For sellers, it means a window of opportunity to ride on the wave of strong demand. Whether you’re looking at shiny new launches or established resale gems, the market is dynamic, competitive, and packed with opportunities — if you know where to look.

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