Explore All Launches

New launch condos offer several benefits:

• Potential for capital appreciation as the project and surrounding area develop
• Brand-new facilities, such as pools, gyms, and function rooms

Yes, they can be. New launches often offer first-mover advantage in upcoming or transforming areas. This means prices are usually lower at launch, giving room for future growth. If the location becomes more desirable, property value may rise.

Resale condo: Already completed and owned by someone else. You buy directly from the current owner. Renovation may be needed.

New launch condo: Bought directly from the developer, usually during the construction phase. Comes with modern layouts and finishes, with no renovation needed.

For buyers using a bank loan, payments are made in stages based on the construction progress. The bank disburses the loan at each stage, so you don’t have to pay the full amount upfront. This is known as the progressive payment scheme.

Here’s a breakdown:

• Booking fee (Option Money): 5% of the purchase price
• Option exercise fee: 15% of the purchase price, payable within 8 weeks (via cash or CPF)

So, a total of 20% down payment is typically required upfront.