Choosing between real estate from a developer and buying on the secondary market poses its own set of advantages and disadvantages in both scenarios.

Primary Market

The primary market can be broadly categorized into two types: purchasing during the construction phase or buying a completed property directly from the developer. The practice of buying and selling real estate before construction begins is widespread and highly popular.

Firstly, you secure the most attractive price, typically 30-40% lower than the finished property.

Secondly, you have access to interest-free installment plans throughout the construction period, and sometimes even beyond.

When you purchase a property during the construction phase, you can customize it to your preferences and even combine multiple units. Additionally, at the early sales stage, you can choose a unique property, such as one with a corner view or scenic panorama.

Secondary Market

Now, let's delve into the secondary market. The undeniable advantage is the ability to move in or rent out the property immediately. However, the selection is often limited. The secondary market typically offers a modest choice due to owners noticing a steady increase in property values and being reluctant to part with their homes.

Let's consider this: you acquired a property for 5,000,000 baht during the initial sales from the developer. After two years, factoring in capitalization, your property might be valued at 7,000,000 baht. Considering the overall market price hike and rental income, you might not be inclined to quickly sell such a lucrative investment. However, caution is necessary, as the secondary market may present illiquid properties that owners are eager to offload. The primary advantage of buying on the secondary market is having immediate control of your property. You can commence renting it out and generate income.

If you seek the most attractive price and are geared towards long-term investments, the primary market may be suitable. If you need property right away and are unwilling to wait, the secondary market is the preferred choice.

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