Buying a new launch condo in Singapore is a major decision, and like any property investment, it comes with both advantages and disadvantages. Here's a comprehensive breakdown of the pros and cons of buying a new launch condo in Singapore:

✅ Pros of Buying a New Launch Condo in Singapore

1. Early-Bird Discounts and Attractive Pricing

Developers often offer early-bird pricing or discounts during the launch phase to attract buyers. This means:

You may pay below future market value.
Early buyers get first choice of units (better floor plans, views, etc.).

2. Modern Design and Facilities

New condos are built with the latest architectural trends and come with updated features like:

Smart home systems
Energy-efficient fittings
State-of-the-art facilities (gyms, pools, lounges, BBQ pits, co-working spaces)

3. Higher Capital Appreciation Potential

Buying at the launch phase usually allows for greater capital appreciation by the time the property is completed (TOP - Temporary Occupation Permit).

Value often increases by the time the project is built.
Good for flipping or rental investment.

4. Flexible Payment Scheme (Progressive Payment)

Buyers pay in stages according to construction progress:

Reduces immediate financial burden
More time to prepare for full payment or arrange a loan

5. Warranty Coverage

New condos come with:

A 1-year defects liability period by the developer
10-year structural warranty under BCA regulations

6. Choice of Units

You get to select the:

Facing (pool, city, greenery)
Floor level
Layout

This is a big plus compared to resale units where choices are limited.

❌ Cons of Buying a New Launch Condo in Singapore

1. Waiting Time

New launch condos typically take 3–5 years to complete:

You can’t move in immediately.
May need to rent another place during the interim.

2. Uncertainty in Actual Product

You're buying based on:

Showflats
Floor plans
Brochures

There’s a risk that the actual unit may differ slightly in size, view, or finish.

3. Higher Price per Square Foot (PSF)

While early launch prices are attractive, PSF tends to be higher than resale or older condos due to:

Modern features
New facilities
Developer premiums

You’re paying for “newness,” which might not equate to more space.

4. Smaller Unit Sizes

New condos often come with compact layouts compared to older condos.

Example: A 3-bedroom unit today may be smaller than one built 10–15 years ago.
Less storage and living space

5. Cash Flow Considerations

While progressive payments reduce upfront costs, you may still need to manage:

Down payment (typically 25%)
Buyer’s Stamp Duty (BSD)
Additional Buyer’s Stamp Duty (ABSD), if applicable
Legal and renovation costs

6. Market Risk During Construction Period

If the property market cools or interest rates rise before the condo is completed:

Property value may stagnate or fall.
Mortgage repayments could increase.

Conclusion

Aspect	New Launch Condo Pros	New Launch Condo Cons
Price	Early bird discounts	Higher PSF compared to resale
Design & Features	Modern facilities, smart homes	Smaller unit sizes
Timing	Potential capital gains during construction	Long wait before completion
Financing	Flexible progressive payments	Must manage down payment and BSD/ABSD
Risk	Comes with developer warranty	Outcome not 100% guaranteed until completed

Final Thoughts

Buying a new launch condo in Singapore is ideal if you’re looking for a long-term investment, modern living, and can wait several years before moving in. It’s especially appealing to young couples, investors, or upgraders who value design, location, and future potential. However, if you need immediate housing, prefer spacious layouts, or want certainty in what you’re buying, a resale unit may be better.

Always evaluate your budget, timeline, risk appetite, and lifestyle needs before making a decision. Consulting a trusted real estate advisor and studying recent new launch trends can also help you make an informed choice.