1. New Launch (Direct from Developer)

Buying a brand new unit means purchasing a property that is still under construction or recently completed.

Pros

• Lower Upfront Cost: Many developers offer early bird discounts, rebates, or easy entry schemes (e.g low down payment).
  
  

• Modern Design & Facilities: You get the latest architectural trends, smart home features, and contemporary lifestyle facilities.
  
  

• Warranty Period: In Malaysia, new residential properties come with a Defect Liability Period (DLP) usually 24 months where the developer fixes any construction flaws for free.
  
  

• Progressive Payments: You don’t pay the full mortgage immediately; installments increase gradually as construction milestones are met.

Cons

• Construction Risk: There is always a possibility of delays or abandoned projects.
  
  

• What You See Isn’t What You Get: You are buying based on brochures and show units. The final view or feel of the neighborhood might differ once the building is surrounded by other developments.
  
  

• Waiting Period: You typically have to wait 3 to 4 years before you can move in or start earning rental income.

2. Subsale (Pre-owned Homes)

Subsale refers to buying a property from an existing individual owner in the secondary market.

Pros

• Ready to Move In: You can move in or find a tenant almost immediately after the legal paperwork (usually 3 – 4 months) is completed.
  
  

• Established Neighborhoods: You can see the actual environment such as the existing neighbors and available amenities like nearby shops or schools.
  
  

• Price Negotiation: Unlike fixed developer prices, you can negotiate directly with the seller, potentially finding a below market value deal.
  
  

• No Surprises: You can physically inspect the unit for cracks, leaks, or layout issues before committing.

Cons

• Higher Upfront Cash: You need a 10% down payment plus legal fees, stamp duty, and valuation fees upfront
  
  

• Maintenance & Renovation: Older units may require major repairs (plumbing, wiring) 
  
  

• Fewer Facilities: Older condos may have outdated gym, pool, or security systems compared to new launches.