New Condo for Sale in Singapore

New Launches Review has a range of condo property choices all over Singapore. Choose from condos located in the east region, west region, north east region and north region of Singapore. While Singapore’s core central region, comprising of condos in Orchard and the Central Business District, is appealing mainly because of its prime location, the city’s fringe districts such as Bukit Timah, Bishan, and Toa Payoh each have their unique charm and set of amenities that also make them great neighbourhoods to live in.

In contrast to other investment assets, real estate investments usually appreciate over time. The capital appreciations tend to be higher in those properties that are closer to the city core. With the growth of the economies and cities, the demand for commercial and residential spaces will increase and thus result in rising prices in the Singapore property market over time. 

Even though there was a dip recently in the prices of Singapore properties, Morgan Stanley, a global bank, predicts that the prices of Singapore properties will double by the year 2030. Prime new condo developments and properties bought today can sell for higher prices by 2030, given the country’s rapid economic growth.

When investing in new Singapore property, the location of the property can be a make-or-break factor. A property in a prime location can mean more potential tenants, better rental income as well as better yields. Condos for sale in Chinatown, for example, as well as those situated within or close to the centre of the city will appeal to those working in the city. Foreigners who plan to stay here for the long term may also be interested. 

For those considering investing in a Singapore property to generate income from renting, it is worth noting that new condos for sale in Tanjong Pagar and other vibrant districts that are near to or in the city core will be able to generate better and attractive rental yield which provide a passive stream of income on top of their salary.

Potential real estate investors should also be concerned about the rent levels and rentability rather than placing their hopes on capital gains that are more uncertain. One effective tactic is considering acquiring residential properties that are transit-linked integrated developments. These mix-use developments – where residential and commercial components are integrated into the same development – are becoming increasingly popular. These developments also transform the way people work, play and live, particularly in the Central Business District of Singapore. You can reach out to our team for more information on the latest mix-use developments.

Yes, PRs can buy a new launch condo in Singapore. But they can only purchase a new Executive Condo (EC) if their spouse is a Singapore citizen. 

Property investment can be time-consuming and expensive, but with the correct strategy and mindset, you will reap good returns. So when thinking of acquiring real estate, it is important to give some deeper thought before taking the step of investing in properties in Singapore. By equipping yourself with adequate knowledge, you will simplify the process. One of the ways to acquire this knowledge will be to constantly keep up with the latest property news.

New condos for sale in Singapore include mass-market, mid-market and high-end condos. These cater to different budgets and lifestyle preferences, with features like high-end amenities, eco-friendly designs, and smart home technologies.

New condo prices in Singapore vary based on location, size, and amenities. Typically, they cost around $2,251 per square foot, with condos situated in in-demand regions commanding higher prices.

Yes, the real estate market is showing a steady increase in demand, driving prices upwards. This bodes well for investors, as condos remain highly sought-after for their central locations, convenient amenities, and quality of life. Additionally, several new property launches are slated to be completed in the coming years, offering fresh opportunities to those looking to move to a new home or invest in Singapore. 

Real estate enthusiasts can look forward to a slew of new condos for sale launching in Singapore in 2024. Among them are 21 Anderson, 32 Gilstead, 33 Devonshire, Amber Sea, Ardor Residence, Aurea, Bukit Timah Link, Champions Way, Clementi Avenue 1, and Creston Residences. For those looking to purchase a new condo, now is the perfect opportunity to consider these property launch options. Each development offers a unique living experience, with different sizes and styles of units available.

Among the Executive Condos (ECs) set for release are Tenet EC, Copen Grand EC, and North Gaia EC. For other upcoming EC developments, do keep an eye out for news on our website. 

In Singapore, the downpayment for new launch condos is typically 5% (in cash), followed by the Buyer’s Stamp Duty (BSD), Additional Buyer’s Stamp Duty (ABSD) and 15% (cash and/or CPF funds) of the purchase price. The payment schedule follows a progressive payment scheme, with milestones such as construction progress and TOP (Temporary Occupation Permit).

While negotiating new launch property prices is less common, developers may offer discounts or incentives to attract buyers during the initial sales phase or in response to market competition.

Additional Buyer’s Stamp Duty (ABSD) is a tax imposed on residential property purchases in Singapore, on top of the Buyer’s Stamp Duty (BSD). It applies to Singapore Citizens, PRs, and foreigners, with varying rates depending on the buyer’s residency status and the number of properties owned.

The Total Debt Servicing Ratio (TDSR) refers to the maximum amount of an individual’s gross monthly income that can be directed towards their debt repayments. By taking into account all debt obligations such as property loans, renovation loans, credit card loans, and any other unsecured or secured loans, the TDSR ensures that you do not strain your financial resources while managing your debts. 

The Government Land Sales (GLS) programme is a key source of land supply for new launch properties in Singapore. It involves the release of state-owned land parcels for private development, with developers bidding for the right to develop these sites into residential projects.