What is the process for buying a new launch condo in Singapore?

Buying a new launch condo involves: 1) Register interest and visit showflat, 2) Receive a developer OTP for your chosen unit, 3) Pay 5% option fee, 4) Exercise OTP within 3 weeks with remaining 15% down payment, 5) Pay BSD (and ABSD if applicable) within 14 days of exercise, 6) Loan approval and progressive payments over construction period.

Can I use CPF to buy a new launch condo?

Yes. CPF Ordinary Account funds can be used for down payment, stamp duties, and monthly mortgage instalments up to the Valuation Limit (purchase price or market value, whichever is lower). For a second property, your CPF OA+SA must meet the Basic Retirement Sum ($106,500 in 2026) before using CPF.

How much is ABSD for Singapore Citizens buying a second condo?

Singapore Citizens pay 20% ABSD on their second residential property purchase. On a $1.5M condo, that is $300,000 in ABSD. SC upgraders who sell their HDB within 6 months of the new condo purchase can apply for ABSD remission — but the full ABSD must be paid upfront first.

What is the maximum bank loan I can get for a condo in Singapore?

For a first property with no outstanding loans, the maximum bank loan is 75% LTV (Loan-to-Value ratio). This means a $1.5M condo requires at least $375,000 down payment, of which at least $75,000 (5%) must be in cash. The remaining $300,000 can be in CPF or cash.

How is Singapore property taxed for investors?

Non-owner-occupied residential property is taxed at 10-20% of annual value. ABSD applies on purchase. SSD applies if sold within 3 years (4-12%). Rental income is taxable at personal income tax rates. There is no capital gains tax in Singapore — property sale profits are generally not taxed.

What is the difference between new launch and resale condo in Singapore?

New launch condos are bought from developers at fixed prices with progressive payment schemes and no SSD risk. Resale condos are bought from owners, often with immediate occupancy and negotiable prices. New launches carry developer risk (construction delays) but come with new facilities and warranty. Resale condos may have more established layouts and immediate rental income potential.

Singapore Property Market Update Last August

Reading Time: 3 minutes

Quick Answer: Singapore property market in 2026 continues to attract buyers due to stable governance, land scarcity, and strong rental demand. New launch condos are priced based on location (CCR/RCR/OCR), developer reputation, and facilities. Key financial rules to know: TDSR (55%), LTV limits, ABSD rates, and CPF usage guidelines.

Reading Time: 3 minutes

If you’re wondering how the Singapore property market is performing in the latest two-week window of August 2025, you’re in the right place. This in-depth report—crafted with fresh URA data, new launch condo intel, and resale trends—gives you clear, actionable insights on condo prices, property investment hotspots, and real estate Singapore moves that affect both condo prices and long-term investment choices.

Executive Summary

Private residential prices rose 1.0 % quarter-on-quarter in Q2 2025, up from 0.8 % in Q1 2025.
Non-landed condo prices: CCR +3.0 %, OCR +1.1 %, RCR down 1.1 % qoq in Q2 2025.
Developer launches slowed: 1,520 uncompleted units launched vs 3,139 in Q1; 1,212 sold vs 3,375 in the prior quarter.
Vacancy rate ticked up to 7.1 % at end-Q2 2025.
Two major new launch condos—Promenade Peak and River Green—previewed and launched in late July to early August, drawing strong attention.

New Launch Condo Property Market Analysis

Promenade Peak

Launch period: Previewed 17 July, launched 2 August 2025.
596 units in a 63-storey tower, 99-year leasehold. Sizes range from 527 sq ft to 1,884 sq ft.
Prime location next to Great World Mall and multiple MRTs, with a short drive to Orchard and CBD.
Notable as the tallest PPVC residential development in Singapore, offering panoramic skyline views and modern amenities.

River Green by Wing Tai

Launch period: Previewed 17 July, sales began 2 August 2025.
524 units, 99-year leasehold, with 1- to 4-bedroom layouts, 420 to 980 sq ft.
Direct connectivity to Great World MRT via sheltered linkway, with walking access to CBD, Robertson Quay, Clarke Quay, and Boat Quay.

Impact on Market:

These launches in District 9 reinforce buyer demand in prime city-fringe locations.
Supply pipeline remains high, but unique luxury projects like these continue to attract strong uptake despite cautious sentiment.

Resale Market Dynamics

Private Resale & HDB Trends

HDB resale prices rose 0.9 % qoq in Q2 2025, marking 24 consecutive quarters of price growth.
Private resale condos mirrored overall URA trends: CCR and OCR performed well, while RCR saw softening.

Regional Variation

Region	Price Movement (Q2 2025)
CCR	+3.0 % qoq
RCR	–1.1 % qoq
OCR	+1.1 % qoq

Takeaway: Prime and outside-central condos continue to hold resilient demand, while mid-tier regions experienced cooling.

Government Policy Impact

Seller’s Stamp Duty (SSD) remains unchanged:
- 12 % if sold within 1 year
- 8 % for 1–2 years
- 4 % for 2–3 years
- None after 3 years
No new cooling measures announced in the last two weeks.
URA 2025 Draft Master Plan outlines future housing supply of 80,000 new homes across estates like Changi East, Yishun, and Queenstown—important for long-term market balance.

Market Outlook & Investment Insights

Price Growth Forecast: Analysts expect 2–3 % year-on-year growth for private residential in 2025, down from 3.9 % in 2024.
Investment hotspots:
- CCR condos remain resilient with high rental demand.
- OCR fringe launches like River Green and Promenade Peak may set new benchmarks.
Risk factors: Higher vacancy (7.1 %), slower Q2 take-up, and potential oversupply remain watch points for investors.

Frequently Asked Questions

1. What’s driving private residential price changes in late Q2 2025?

Strong performance in CCR and OCR segments offset weakness in RCR. Developers are cautious due to slower sales but targeted demand is sustaining prices.

2. Are new launch condos like Promenade Peak worth the premium?

Yes—projects offering prime locations, connectivity, and unique features like skyline views justify premium pricing, especially for long-term lifestyle or investment.

3. Is HDB resale still appreciating?

Yes. Resale prices have climbed steadily for 24 consecutive quarters, with continued demand from upgraders and young families.

4. Should investors worry about oversupply?

Vacancy rates are rising and the supply pipeline is heavy, so investors should focus on projects with strong location fundamentals and differentiated value.

5. Will cooling measures affect outlook?

Existing SSD measures remain in force. No new restrictions have been announced, but policymakers remain vigilant on affordability.

Final Words

You’ve now got the freshest, most authoritative Singapore property market insight for the last two weeks of August 2025—covering new launch condo dynamics, resale patterns, government policies, and forward-looking investment tips.

Looking to explore the right new launch or resale property for your needs? Contact us today for expert guidance on the Singapore property market.

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Singapore Property Market Update: Latest 2-Week Analysis (Last of August 2025)

Executive Summary