20 March 2018



Which kind of property should I buy? Project or sub-sale? As a first timer, when I’m thinking to buy my first property, I have no idea whether should I buy project or sub-sale. I asked myself, will it make a huge different? In order to find out, I had done some research on them for comparison purpose. And here are some differences between them:

If you ask a person who know about real estate, most of the time they will tell you to buy project if you’re first timer.  Probably because it requires less Initial investment (deposit). The price is cheaper and most of the time, developer will provide cash rebate so you can actually save a lot.

If you have no idea how to buy a property for the first, what is the procedure. No worries, developer can help you to settle everything including legal fees and lawyer fees etc. Moreover, you don’t need to extra pay for that.

However, there are always pros and cons for everything. The main disadvantage would be need to wait for the project to be done. The waiting period is probably 36 - 48 months. Also, you need to pay progressive interest while waiting to get your key. Some of the buyer think it is higher risk than buying sub sale because you’re not sure about the surroundings. No one can predict what will happen in these few years.

Sub Sale
The main advantage No need to wait for so long. As long as your loan is approved, probably 3 - 4 months then you can get your house key. This is an essential factor for wedding couple if you need to move in urgently. Another benefit is since you already know the surroundings, for instance, schools or shopping malls is nearby so basically you can approximately know the value of that area.

Of course, since duration is shorter, sub sale property ‘s deposit is more expensive. Therefore, if you don’t have enough capital, you might consider buying project instead of sub sale property. 

In conclusion, I will said both of them have their advantages and disadvantages. At the end of the day, it is depends your situation.Till here.

Credit to Realestateguy for sharing with us his point of view for this article.

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