How to Invest in the Right Property

With HDB BTO launches being oversubscribed left, right, and centre…

I’ve got friends asking me what their options are like.

Especially since they don’t relish the idea of a 6 to 7-year wait.

And since many are pretty established, career-wise, some have even busted the income ceilings for CPF Housing Grants and HDB housing loans.

So how?

Yep.

Looking for upcoming new condo project launches?

Here’s what to expect!

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TL;DR: New Launch Condo in 2024 and 2025

In this article, we’ve summarised the major condo launches in 2024 and 2025.

To obtain deep insights on choosing a condo suitable for you by comparing over 80 new condo launches AND how to properly finance a condo, you MUST drop by the PropertyLimBrothers x Seedly New Launch Convention on 7 July 2024!

You get a full-day programme brimming with expert guidance at just $4 (cheaper than chicken rice)! 

Learn from industry leaders, banks, and developers to make your best purchase. Use this promo code seedlycommunity> to get 20% off your tickets!

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Here’s a jump to the major launches:

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New Launch Condo in Central

Do note that most condos mentioned have an estimated Temporary Occupation Permit (TOP) in 2027/2028.

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New Launch Condo in North

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New Launch Condo in South

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New Launch Condo in East

New Launch Condo in West

Past & Current Condo Launches 2024

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How Much Do You Need to Earn to Afford a Condo?

If getting a condo is in your books but you are still considering its affordability, understanding how much you need to afford it comfortably is important.

But even if you can’t afford it now, it can still be a goal.

Find out the payment schedule to better plan your finances and manage your cash flow!

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How Do I Decide Which Condo Launch To Apply For?

Besides the price (for obvious reasons), when a new condo project is launched.

You’ll want to pay attention to:

• location
• facilities
• surrounding amenities

FYI: this is not an exhaustive list

Location

If you’ve always been an East Sider, you’ll probably want to pick a condo launch in the East since you’re used to living there.

Or maybe you’re thinking of renting out the unit.

Then, maybe choosing a location near a ready pool of tenants working in business parks or the CBD would be a better bet.

Facilities

If you need access to a 40m lap pool or a tennis court.

Then, you’ll want to ensure that the condo you’re picking has these.

Oh, and check how many parking lots will be built, too.

Because there might not be enough for everyone in the development area.

P.S. You’ll be surprised by how many people overlook this when buying a condo.

Surrounding Amenities

If your primary means of transportation is public transport.

You’ll want to ensure transport networks are accessible and conveniently located nearby.

You wouldn’t want to have to walk 15 minutes just to get to the nearest MRT station, right?

You’ll also want to consider whether eateries and shopping malls are nearby…

Because it would really suck if you have to lug heavy bags of groceries to your new condo from the nearest NTUC, which is 5km away.

For parents planning to have kids, you’ll also want to consider what schools are within the vicinity of the development you pick.

Especially if you plan on sending your kids to a popular primary school, it makes a huge difference if you’re within a 1km radius of the school.

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Freehold vs Leasehold Condos: What’s the Difference?

Unlike HDB flats, which come with a standard 99-year lease.

There are freehold condos and leasehold condos.

Generally, there are 3 common types of condo tenures:

• Freehold
• 99-year leasehold
• 999-year leasehold

So… what’s the diff?

Freehold

For a freehold condominium, you own both the unit you purchase and the land on which the condo building stands.

As the owner of a freehold property, you own it indefinitely.

This means you can pass it on to future generations, unlike an HDB flat, which is a leasehold property that must be returned to the government at the end of its lease.

Generally, freehold condominiums cost a bit more because you own a part of the land, too.

This also means you’ll have to deal with the upkeep of the land and condo building.

But this also means that you’ll have more say about what you wish to do with the property and its surroundings.

However, the condo corporation or management will still retain some control over what freehold owners can do with the property.

So, we don’t have people building emergency bunkers in the parking lot…

By the way, freehold condos are rare, so expect competition — especially from property investors.

99-year Leasehold

With a 99-year leasehold property, you’re leasing the condo unit for 99 years.

Note: you’ll want to take note of when the lease commences

While you own the condo unit, you DO NOT own the land on which the condo building stands.

The biggest advantage of a 99-year leasehold is that you don’t have to care about maintaining the land and building.

However, you will still have to pay for the maintenance of common property and facilities such as the playground, parking, swimming pool, etc.

999-year Leasehold

The concept is similar to a 99-year leasehold.

But since 999 years is pretty much like an eternal tenure of sorts, most people consider it to be similar to a freehold property.

Like freehold properties, a 999-year leasehold condo is rare.

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How Do You Pick the Best Condo Unit?

Once you’ve worked out your finances and decided which condo launch to apply to.

It’s a huge purchase and you’ll need all the help and information you can get.

Again, learn from industry leaders to make your best purchase, and use the promo code seedlycommunity> to get 20% off your tickets!

Get Tickets Now 

You’re welcome.

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