Comparison

New launch vs resale: the real trade-offs near Lorong Chuan

At about $2,700+ psf, a new launch like One Chuan Grove costs 36 – 43% more per sqft than The Scala, the nearest newer 99-year resale. Here is what that premium buys, and when resale is the smarter choice.

The key differences

New launch (One Chuan Grove)Resale near Lorong Chuan
Price psf~$2,700 – $3,000 (indicative)$1,576 – $2,513 (median)
LeaseFresh 99 years64 – 84 years (leasehold) or freehold
PaymentProgressive over ~5 yearsFull within ~10 – 12 weeks
Move-in~2030Immediately
FacilitiesNew, larger scaleOlder, varies
Unit choiceFull choice at launchWhatever is on the market
What you seeShowflat and plansThe actual unit
ABSD refund window (buy first)TOP + 6 months6 months from purchase

When a new launch makes more sense

  • You are an HDB upgrader who wants to buy first and sell later. The longer ABSD window is a major advantage.
  • You want full CPF usage and a lease that stays attractive to future buyers.
  • You value modern layouts, new fittings and a large facility deck.
  • You can wait about 4 years to move in.

When resale makes more sense

  • You need to move in now.
  • Space per dollar matters most. $2M buys about 1,245 sqft at The Springbloom, against about 700 sqft at One Chuan Grove (indicative).
  • You are an older buyer already covered by the CPF age-95 rule.
  • You want rental income immediately.

The numbers side by side

One Chuan Grove 3-bed (indicative)The Springbloom (resale)The Scala (resale)
Size~900 sqft1,302 sqft904 sqft
Price~$2.57M$2.28M (Sep 2026)$1.80M (May 2026)
psf~$2,850$1,751$1,991
Lease left99 years68 years83 years
Age in 2030New31 years17 years

Transaction data from URA caveats. One Chuan Grove figures are illustrative. See all nearby transactions.

Frequently asked questions

Is a new launch always more expensive than resale?

Per square foot, usually yes, because you are paying for a fresh lease, new facilities and current construction costs. In total price, a smaller new unit can cost the same as a larger older one. Compare on what you get for your budget.

Do new launch condos appreciate more than resale?

Not necessarily. Near Lorong Chuan, resale condos gained 23 – 68% in median psf from 2019 to 2026. New launches bought early at a good price can do well, but psf growth depends on entry price, market cycle and holding period.

Before the launch

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