For investing purposes, which type of condominium to buy second hand or new?

Rather than whether a condominium is "old" or "new", it is better to consider factors that will affect its current value and future appreciation. A few key factors for you to recognise a good investment property include:

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1. Good entry price: While property value tends to increase over time, do not risk buying property at high entry prices (above market value) thinking they will make up for it when the price eventually appreciates.

2. Vacancy rates: If your shortlisted neighbourhood has an unusually high number of listings, it may be a telltale sign that there may be a mass exodus of tenants in the area, or that homeowners are looking to sell en masse.

3. Appreciation potential: A good investment property with appreciation potential requires few cosmetic changes and renovations, while attracting tenants who can afford higher rents.

4. Know your costs: Costs like Seller’s Stamp Duty (SSD), Buyer’s Stamp Duty (BSD), Additional Buyer’s Stamp Duty (ABSD), Total Debt Servicing Ratio (TDSR), and Loan to Value (LTV) could make or break your ability to finance your investment property.

5. Location: The development of amenities and transport planning in and around the area where your property is located can have deep impacts on its long-term value.

Not enough info.

Note ABSD, 12% and 15%.

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Income for TDSR.

Cash on hand

CPF