new flats offer better long term value than resale properties anyone suggest??
I think new flats are better for long-term growth and convenience, while resale flats suit those seeking ready possession and lower entry costs.
New flats look appealing and are easy to rent, but you usually pay full price, which lowers your return and makes you depend on future appreciation. Resale homes often offer better value because you can buy them at a discount, make improvements, and build equity yourself, giving you more control and stronger long-term returns. However, not all resale properties are good deals because cheaper homes in poor areas can lead to stress and constant repairs. The better choice depends on your goals, the numbers, and the location, but resale properties usually give you more room to create value instead of paying for someone else’s profit.