My Property Deals by Scott Seow

My Property Deals

Close this search box.

MUST Know! New Project vs Subsale (resale) in Malaysia Property

new project vs subsale second hand property

Introduction: Main difference between new project & subsale / resale market

(Click here if you prefer to read instagram post)  or scroll to bottom for summarized post


“Should I buy a subsale or brand-new property?”

In Malaysia, there’s a few ways for you to acquire property as a local residents. In a normal sales & purchase process which is securing new project from a property developer, purchasing from existing owner i.e. subsale/ resale/ secondary market, auction market & etc.

“abnormal” circumstances would be inheritance of family property, find sponsor from BossKu & etc.

New projects are properties that are currently being built or have yet to be constructed.

Subsale/resale properties are properties that have already been completed and are being sold by the current/ existing owner. Let’s take a closer look at the differences between the two.

Price/ cost

New projectSubsale / resale
New projects tend to be priced higher than subsale/resale properties, this is because developers need to cover the costs of building the property, such as land acquisition, construction, legal fees, marketing & etcOn the other hand, subsale/resale properties are usually priced lower than new projects because the properties are completed and the owner is looking to sell. Some subsale/resale properties may come with additional benefits such as renovated interiors, which can add value to the property but some developers do offer renovation/ furnishing package as well for the new projects, so this part really “depends”
Legal fees usually covered. WANT TO KNOW HOW TO CALCULATE LEGAL FEES? COMMENT LEGAL FEES AND I WILL TEXT YOU THE EXCEL TABLE I MADENo legal fees included, valuation fees needed as well. Agent fees, down payment, renovation cost, loan stamp duty, mot stamp duty
No agent feesSometimes it depends, Penang, Johor and 1 more state (I forgot), local practice is collecting from both side of purchaser & landlord as well. If you ask me is it legal? Of course it is not legal, for now. Personal opinion, KL is having much higher transaction and the landlord there offering higher percentage % of commission
Lower entry cost
Overpromised / over-exaggerate
More choices if you buy earlyNot many unit waiting for you to choose
Some is negotiable some is not negotiable, some developer negotiable but be careful your unit quality also “negotiable”-lah, those that use agents to visit and walk back into sales gallery ask for more discount, I will pray very hard and hope that your house won’t have leaking issue, no crack no quality issue as well. Sometimes it is good to have a responsible agents to follow things for you. If you really don’t like agent, direct go to developer, most of the price are the same. Subsale / resale also the same, it can be negotiable, some owner won’t even decrease price

Potential Risk

potential risk
New projectSubsale / resale
developer’s financial stability and the completion of the project. In some cases, developers may face financial difficulties that can cause delays or even abandonment of the project.

Once abandoned = cry & financial lock up.
Hidden defect that you might not know

Quality & Design

New projectSubsale / resale
New projects usually offer a newer design & features, featuring the latest building materials and technologies.

New and never-used-before facilities that are in good condition.

What you hear, what you see now, is having a risk of what you get later might be difference
What you see is what you will get. Quality issue no worry, once you don’t like it, don’t buy.
New project, you buy empty air, once you bought and later you don’t like it? Cry, wait, and sell.

Subsale/resale properties, on the other hand, may have outdated designs and features that may not be as desirable to modern buyers such as Green Building Index (GBI).


New projectSubsale / resale
It is good that some developers really playing their role and carry out defect rectification if there’s any issue.

Some developers and projects got warranty like no warranty, drag until you cannot wait you repair yourself or they repair like sh*t as well
Some owners will do the defect for you some won’t, there’s no law stated / request owner must do for everything based on negotiation, 一个愿打,一个愿挨,remember everything black and white, do not based on verbal.



New projectSubsale / resale
You cannot see, feel or experience until the moment you get the keys because the building is not yet completed.

You don’t know who your neighbour is
You can visit, feel, touch the property (PUT SEXY EFFECT) and experience the environment. Like it? Buy. Don’t like it? Skip lo.

You know who is your neighbour

Information about the property may be hard to obtain if the property is quite old. Hence, you’ll need to enlist a really good agent to help you research and/or dig.

Potential for customization

New projectSubsale / resale
More freedom in having your own design & renovation but subsale/ resale you can also look for original units but could be quite limitedSlightly harder unless you are lucky to get original unit from the existing owners

Completion date /Time

New projectSubsale / resale
To cultivate a habit of monthly loan instalment

Longer waiting period including construction time. Risk of late completion
Around 3 to 4 months’ time you can get the keys once your loan & legal S&P documents signed.

In some cases you can even get the keys immediately, just need negotiate properly.


In summary, new projects and subsale/resale properties offer different benefits and drawbacks for homebuyers in Malaysia. New projects offer modern designs, customization options, and potential for appreciation, but come with higher prices and longer completion times. Subsale/resale properties offer lower prices, established locations, and immediate occupancy, but may have outdated designs and potential hidden issues. It is important to consider your budget,

If you learn something from today’s video help me click a like & share button, and I will see you in the next video.

eng project vs subsale by Penang PropertyDeals
chinese project vs subsale by Penang PropertyDeals

Like this article? Share it to your friends.

Share on Facebook
Share on Linkedin
Share Via WhatsApp
Share on Telegram

2 Responses

  1. we bought a lelong shop unit years back – later some one wanted to rent the unit but requesting owner to produce CF of the shop unit
    unfortunately we dont seem to have such doc (the CF) –
    how can we obtain the CF now ? from where ? pls advise – tqvm

Leave a Reply

Your email address will not be published. Required fields are marked *

Scott Seow

Scott Seow

+6018-466 8066

I will be back soon

Scott Seow
Greetings, just click on any button below to have a chat with me.

I usually reply within 3 minutes from 10am to 10pm except if I'm driving or having appointment.

Call me if you need immediate response.

Looking forward to serve your need.
Start Chat with:
chat Click here to chat
Chian Na Ng

Just left us a 5 star review

A big thank you to Scott for the exceptional service! He is knowledgeable about the market and even went above and beyond to find properties that matched my criteria. I would highly recommend Scott to anyone in need of a top-notch property consultant. Thank you again for your hard work!

He is currently now my best property consultant which he has so much knowledge and ideas to share with you regarding to properties. He can answer most of the question fast and useful. If you have a very compicated question,find him, his answer will never goes wrong. Super responsive and kind-hearted

Very approachable and provided fast response and advice!

Trustworthy, Fast action, Super patience with customers' enquiries. He even replied my message in the midnight 1AM 😂 Scott 's superb service surely beyond your expectation. Highly recommended for those who need a reliable agent. 👍

Professionally analyse and share the review. Appreciate for helping making decision.

Funny, helpful and very informative guy! 👍🏻

He was very polite and kind to me, who didn't know anything. Thanks to that, I can live with peace of mind. Thanks to you, I'm comfortable.

Fast respond and unbiased about giving feedback

Scott is a friendly, helpful and patient agent. He provided useful and detailed information that helped me to make the right decision on property. For me he is highly recommended.

Scott has been managing my City of Dreams unit in Penang for nearly a year. He is a very professional and reliable estate agent. Highly recommended!