What is Subsales?
Subsales, in simple terms, refers to second-hand houses. Subsales is a term commonly used by real estate agents. Subsales houses are properties that have been purchased from developers by individuals or companies who then want to sell the houses.
What is Undercon?
Undercon refers to houses that are "under construction" or new housing projects. The purchase of houses by prospective owners from developers can occur directly or through agents. The purchase can take place when the housing project has not yet started, is partially completed, or has just been completed.
Subsales VS Undercon
Advantages of buying Subsales houses:
1. Short waiting time to receive the keys. The estimated time is usually around 6 to 8 months, including loan arrangements, name transfers, and so on.
2. Complete facilities. Generally, older residential areas have better existing facilities compared to new housing areas. These facilities may include grocery stores, schools, gas stations, restaurants, clinics, and more. However, it depends on the selected residential area.
Disadvantages of buying Subsales houses:
1. Outdated designs. This depends on when the Subsales house you are purchasing was built. The older the house, the older the design unless modifications were made by the previous owner.
2. Condition not as new. The electrical and plumbing systems may be outdated. Although these systems can still be used for a long time, there may be some issues if the previous owner carried out renovations that significantly reduced the renovation cost.
Advantages of buying Undercon houses:
1. Warranty from the developer. Almost all developers provide warranties for under construction houses. The warranty period depends on the developer. If there are damages or leaks in the house, the developer will repair them at no cost. However, this depends on the specific terms and conditions.
2. Up-to-date designs. New houses are built based on the latest designs.
Disadvantages of buying Undercon houses:
1. Waiting time can be lengthy due to the risk of project delays from the original expected completion date and the possibility of abandoned projects. Buyers are advised to check with the developer before making a purchase. It also depends on the percentage of completion of the project at the time of purchasing the house.
2. Limited facilities. Facilities such as grocery stores, schools, gas stations, restaurants, clinics, and more may be lacking, or if available, they may be relatively far from the new housing area compared to older residential areas. However, it also depends on the selected residential area.