Insights ยท 2026-12-10
How much more you pay for a new launch
Over the past year, new launches sold for a median 47% more per sq ft than resale condos in the same district. The gap ranges from 32% in District 18 to 75% in District 16.
By region
The premium is similar across the island: 45% in the prime districts (CCR), 41% in the city fringe (RCR) and 43% outside the centre (OCR).
- CCR: new $3,153 psf against resale $2,173 psf
- RCR: new $2,765 psf against resale $1,963 psf
- OCR: new $2,184 psf against resale $1,524 psf
Widest gaps
The biggest premiums are all outside the central region (OCR).
- District 16: 75% (955 new sales, 611 resales)
- District 25: 68% (30 new sales, 237 resales)
- District 22: 66% (502 new sales, 394 resales)
Every district
Districts with at least 20 new sales and 20 resales in the past year.
| District | Region | New launch $ psf | Resale $ psf | Premium |
|---|---|---|---|---|
| D16 | OCR | $2,628 | $1,498 | 75% |
| D25 | OCR | $2,067 | $1,230 | 68% |
| D22 | OCR | $2,479 | $1,495 | 66% |
| D19 | OCR | $2,679 | $1,623 | 65% |
| D26 | OCR | $2,352 | $1,459 | 61% |
| D11 | CCR | $3,118 | $2,025 | 54% |
| D12 | RCR | $2,685 | $1,757 | 53% |
| D01 | RCR | $2,953 | $1,957 | 51% |
| D27 | OCR | $2,016 | $1,343 | 50% |
| D10 | CCR | $3,356 | $2,246 | 49% |
| D02 | CCR | $3,082 | $2,091 | 47% |
| D15 | RCR | $2,697 | $1,832 | 47% |
| D20 | RCR | $2,864 | $1,953 | 47% |
| D23 | OCR | $2,142 | $1,484 | 44% |
| D17 | OCR | $1,799 | $1,261 | 43% |
| D09 | CCR | $3,244 | $2,351 | 38% |
| D03 | RCR | $3,105 | $2,251 | 38% |
| D07 | CCR | $2,869 | $2,106 | 36% |
| D05 | RCR | $2,501 | $1,879 | 33% |
| D21 | RCR | $2,436 | $1,831 | 33% |
| D18 | OCR | $1,940 | $1,469 | 32% |
Why the gap
A new launch is a new building with a full lease, current layouts and facilities, priced by a developer. Resale condos are older on average, with shorter remaining leases, and are priced by individual sellers. Part of the premium is paying for newness; part is the developer's pricing.
Median $ psf of strata homes (condos and apartments), last 12 months, URA caveats.