Discover Singapore’s Hottest New Condo Launches for 2024
Are you looking for the latest condo developments in Singapore? 2024 is packed with exciting new launches across prime locations. From luxurious city homes to tranquil suburban retreats, explore our curated selection of upcoming condos. Register early for exclusive updates and deals!
Confirmed Schedule of New Condo Launches
Anticipated New Condo Launches by Quarter (Dates TBC)
Get Exclusive Details on 2024 New Condo Launches!
Interested in learning more about Singapore’s latest condo developments? We’re here to help! Whether you need floor plans, pricing information, or details on early-bird offers, our team is ready to provide personalized assistance. Simply fill in your details, and we’ll get back to you with all the information you need to make an informed decision.
1. What is a new condo launch?
A new condo launch is the release of a brand-new condominium development by a property developer. During the launch period, buyers can purchase units, often benefiting from early-bird discounts and exclusive preview offers.
2. What are the benefits of purchasing during a new condo launch?
Buying during a new condo launch offers several benefits, including:
- Early-bird pricing: Prices are often lower at launch and may increase as the development progresses.
- Wide selection: Buyers have more options, such as unit size, floor level, and views.
- Potential for capital appreciation: Early buyers may benefit from property price appreciation as the project nears completion.
3. How do I register for a new condo launch preview?
To register for a preview, you can contact the developer directly or through a property agent. On our site, you can also submit your details to receive invitations to exclusive VIP previews and early-bird discounts.
4. What should I consider when buying a new launch condo?
When purchasing a new launch condo, consider:
- Location: Proximity to MRT stations, schools, and amenities.
- Developer’s reputation: Ensure the developer has a solid track record of delivering quality projects.
- Price and financing: Understand your budget and mortgage options.
- Amenities and facilities: Assess whether the development offers facilities that match your lifestyle needs.
5. How does the payment schedule for new condo launches work?
Payment for new condo launches typically follows a progressive payment scheme. After an initial down payment (5-10%), the remaining balance is paid in stages as the development progresses until completion.
6. Can I apply for a loan to purchase a new launch condo?
Yes, you can apply for a home loan to finance the purchase of a new condo launch. Most banks in Singapore offer home loans for new projects. Instead of comparing rates yourself, we’ve done the hard work of reviewing the entire market to ensure you get the best deal. You can check the latest mortgage rates from major banks on our page here, where we’ve compiled the most competitive offers available right now.
7. What are the legal fees and taxes involved in buying a new launch condo?
When purchasing a new condo, you will need to account for:
- Buyer’s Stamp Duty (BSD): Based on the property’s purchase price or market value, whichever is higher.
- Additional Buyer’s Stamp Duty (ABSD): Applicable for those buying a second or subsequent property.
- Legal fees: For conveyancing services, which vary depending on the law firm.
8. Can foreigners purchase new condo launches in Singapore?
Yes, foreigners are allowed to purchase private condominiums in Singapore. However, there may be restrictions on purchasing landed properties and executive condominiums (ECs).
9. What happens if I wish to sell my new condo before it’s completed?
This is known as a sub-sale. If you purchase a unit in a new condo launch but wish to sell it before the development is completed (TOP), you can do so through the sub-sale market. Be sure to check for any restrictions or fees imposed by the developer or the government.
10. What is the difference between a new launch and a resale condo?
- New Launch: A condo newly built and sold by the developer. Buyers benefit from the latest designs, facilities, and early-bird pricing.
- Resale Condo: A condo already built and occupied by previous owners. Resale condos may offer immediate occupancy but could come with older facilities or designs.