2025 New Launch Condos in Singapore

A new launch condo is a condo development that hasn’t been built at the point of sale. It is kind of like a “BTO” for private housing and takes about 3 years to complete.

There are two types of new launch condos - Government Land Sales (GLS) and Collective Sale (En-Bloc). A GLS is a process where the government puts up state land for sale for development and a Collective Sale (En-Bloc) isa sale of two or more property units to a single common purchaser (ie. a developer)

New launch condos are perfect for potential buyers who don’t have enough upfront capital as it allows them to stretch out their payment obligations over a longer period of time. There’s also more capital appreciation, greater choice of units and new fixtures and facilities. Read more on why you should consider purchasing newly launched condos.

The potential new launches in Singapore in 2023 and 2024 consist of government land sales (GLS) and en bloc sales over the last two years. Some major new launch projects in 2023 are Skywaters Residences, The Reserve Residences, Tembusu Grand, Grand Dunman and J'den.

It depends on whether you’re a seasoned investor or a new landlord. It’s a good investment for seasoned investors if they are able to estimate the probable rental yield, appreciation and overall appeal of new launches. New launch condos are a great investment for new investors if they have a property and financial advisor to help them assess their financial situation.

These Executive Condos (ECs) are most likely to launch in 2023 and 2024: Altura, Bukit Batok West Ave 5 EC, Tampines St 62 (Parcel B) EC, Senja Close EC and Plantation Close EC.

New launch condos

• Newer facilities and features
• Flexible payment schemes
• Lower maintenance cost
• Early bird discounts

Resale condos

• You can move in or rent out immediately
• More predictable rental income (for investors)
• Lesser surprises
• Better chance of scoring underpriced units 

Read this article on New Launch vs Resale Condos for more tips.

New launch condos are under the Progressive Payment Scheme (PPS). This payment scheme is used for properties that are still under development. Instead of paying for the whole property at one go, under the PPS, you’ll only pay when certain construction milestones are completed. Read more about the Progressive Payment Scheme in this article.

Upon signing the Sales & Purchase Agreement (S&PA), you’ll be required to pay a 20% down payment (mixture of cash and CPF) which includes a 15% percent Exercise Fee and 5% Option Fee. Find out more about the down payment and other fees in the Guide To Buying A New Launch Condo in Singapore.

There are no negotiations in the purchase of a new launch condo as you’ll be buying straight from the developer and not a seller. You’ll also be given a timeline of all the payment stages before you purchase your property. However, you can get freebies or discounts for some new launch condos.

As of 2025, there are no direct government grants for private condo purchases. Incentives are mostly offered by developers, such as discounts or absorption of certain fees.

PRs can buy a new launch condo in Singapore. However, if they are looking to buy a new Executive Condo (EC), they can only do so if their spouse is a Singapore citizen. Read more on what properties permanent residents in Singapore can buy.

Once you’ve booked a unit, the developer will provide you with a set of Property Details Information (or PDI) documents. This is a set of all the floor plans, rules and regulations, offered items and other documents relating to your unit. You’ll be asked to read and agree to the terms and details in the PDI documents by initialling on all the pages.