- New launches command a median of $2,382 psf versus resale at $1,618 psf.
- Resale condos account for 101,891 transactions versus 26,383 for new launches.
- New launch PSF has moved -14.0% year-on-year.
Should you buy a brand-new condo or a resale unit? This analysis compares properties completed within the last 3 years (new launch proxy) with older condos, using median PSF from URA transaction data.
Price Comparison
| Metric | New Launch | Resale |
|---|---|---|
| Median PSF | $2,382 psf | $1,618 psf |
| Average Price | $2,222,427 | $2,249,391 |
| Transactions | 26,383 | 101,891 |
| Premium | +47.2% above resale | Baseline |
What the Data Shows
New launches typically command a premium because buyers pay for modern finishes, latest building standards, and the developer's profit margin. However, resale condos offer established neighbourhoods, proven rental track records, and often better value per square foot.
Currently, new launches trade at an average premium of +47.2% above resale condos on a PSF basis.
Who Is This For?
Frequently Asked Questions
What counts as a new launch in this analysis?
Do new launches always cost more than resale?
Which is better for investment — new or resale?
Methodology & Sources
This analysis covers all available transaction periods and is updated annually.
Transaction data sourced from URA.
- Median PSF values used to minimize outlier impact.
- New launch proxy: properties with TOP year within the last 3 years.
- Auto-generated from URA REALIS data. Last updated: 15 Mar 2026.
Median values used to minimize outlier impact. PSF = price per square foot.