Compared to newly launched condominiums which may have higher upfront costs, old condos may have ongoing expenses, particularly in the initial 5 to 10 years of ownership. On the other hand, newly launched condos do not require expensive renovations or replacement of worn-out systems, making them a more cost-effective investment option. This is especially important in the long run as old condos may require significant maintenance costs, increasing the total investment. With the added advantage of new launches, buyers can save on these ongoing expenses and have peace of mind knowing that they have made a wise investment.
In conclusion, while financial incentives can be enticing, buyers must exercise caution and thoroughly research the property and developer before committing to a purchase. It is crucial to fully understand the terms and conditions of the incentives and carefully consider the long-term implications before making a decision. This will ensure a …