- If there is an immediate need to use or rent out the property, then the secondary market is more suited.
- Since rental is almost instant and can service your bank loan, your borrowing limit will not be affected. You are able to borrow more.
- If you are the sort of person who prefers to buy property “as it is”, then a second hand property is the best.
- The ‘as it is’ concept reduces risks and surprises.
- Over the last 2-3 years, the secondary market has lagged behind the developer’s market. Prices are 10% to 20% cheaper compared to newer developments in the same location.