New Property or Subsale House?

Here's the trick, Owluu. By referring to your purpose of buying a house, you need to weigh the pros and cons of a new or sub-sale property.

Let's say if I want a practical and flexible layout, should I go for a new property?

Of course, a new property has a lot of advantages in terms of quality and workmanship. But it depends, you may also achieve this with sub-sale - but it will cost you more for the remodeling and renovation even the house price is cheaper than a new property.

Wow... that's true.

You need to also compare the home loan and legal matters for both.

What do you mean?

When you buy a house, you should also think of the financial scheme and the ownership, right? Let’s say, for a housing loan, a new property is easier for you to proceed with the process and save you some cost.

Oh, why?

Does it mean we need to find a housing loan by ourselves for second-hand?

Yes, usually an agent will assist you with this. You or the seller also need to appoint a lawyer for the legal matters.

I didn't know this. 

For the loaning, each bank will give you a different rate depending on the market value. To make this process successful, you will be charged an agent fee, appraisal fee, and bank processing costs.

Oh... If I purchase a second-hand property, it will cost me more upfront payment ya...

True. Don't forget the legal fees and downpayment. For new property, if a new project is subject to a government incentive like HOC, you can waive the fee. But not with sub-sale, you need to pay.

Buying a sub-sale property requires you to provide a certain amount of cash.

Oh, many things behind that.

Yeah, but the most important thing is the property itself. You should spend time choosing the right home ya!