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Buy a primary or resale property?
Description
Reselling or buying back a unit is generally much more economical if you contract before 2024, but of course, you’ll need to have the required down payment. Buying directly from the company is better, especially if you’re buying in the initial offering of a new project, because even if the prices are high, they will increase over time, creating room for profit if you invest. And if you plan to live there in the future, you’ll still be getting the unit at the best price โ the launch price.
Summary:
Buy Resale if:
1. You have cash to pay the deposit + the required premium
2. You need immediate or near-immediate delivery
3. You are buying something with a contract that is 12 months old
Buy Primary if:
1. It’s a completely new project, not a new phase
2. You don’t have the deposit and premium
3. The project is in an area that is still developing
Reselling or buying back a unit is generally much more economical if you contract before 2024, but of course, you'll need to have the required down payment. Buying directly from the company is better, especially if you're buying in the initial offering of a new project, because even if the prices are high, they will increase over time, creating room for profit if you invest. And if you plan to live there in the future, you'll still be getting the unit at the best price โ the launch price.
Summary:
Buy Resale if:
1. You have cash to pay the deposit + the required premium
2. You need immediate or near-immediate delivery
3. You are buying something with a contract that is 12 months old
Buy Primary if:
1. It's a completely new project, not a new phase
2. You don't have the deposit and premium
3. The project is in an area that is still developing