How a new launch and a resale unit differ on payment structure, condition, timing and selection — for buyers weighing options in District 23.
The payment structure differs most
A new launch under construction is paid in stages tied to construction milestones. The buyer funds 5% in cash on the Option to Purchase and 15% on signing the Sale and Purchase Agreement, with the bank disbursing progressively thereafter.
A resale purchase completes in a matter of weeks, which means the full downpayment, duty and legal costs land together and the loan is drawn in one go.
Timing and occupation
A resale unit can be occupied or rented out almost immediately. A new launch is handed over at Temporary Occupation Permit, typically some years after booking, which suits a buyer who is planning ahead rather than moving now.
For a buyer currently servicing rent or another mortgage, the staged payment structure of a new launch changes the cash profile considerably during the construction period.
Condition and specification
A new launch is delivered new, with current specification, a fresh 99-year lease and warranty on defects. A resale unit is bought as it stands, with whatever renovation and maintenance history it carries and however much lease remains.
Selection
At a new launch, the entire released inventory is available at once, so stack, level and orientation can be chosen deliberately. On the resale market the choice is whatever happens to be listed.
Cost comparison
Both routes carry Buyer's Stamp Duty and, where applicable, Additional Buyer's Stamp Duty on the same scales. A resale purchase may involve agent commission on the buy side; on a new launch, marketing commission is paid by the developer.
Renovation is the other variable: a resale unit often needs work that a new unit does not, and that cost sits outside the loan.
Working out the numbers
The TDSR calculator establishes the loan ceiling either way. The progressive payment calculator shows how the staged structure of a new launch spreads the requirement, and the stamp duty calculator covers duty. Impressions at Dairy Farm is a new launch on Dairy Farm Walk.