the sticker price is just the beginning. this tool shows the complete cost of buying a Singapore new launch condo — from buyer stamp duty and progressive payments to maintenance fees and property tax. select any of our scored new launches, enter your income, and see whether the numbers work for you. we also compare the new launch cost against buying resale in the same district.
How much does it really cost to buy a new launch condo in Singapore?
Beyond the purchase price, buyers should budget for buyer stamp duty (1–6% tiered), legal fees (~$3,500), monthly mortgage payments, maintenance fees ($300–$400/month), and annual property tax. For a $2M condo held 10 years, the total true cost is typically $2.4–2.6M including all financing costs.
Is it cheaper to buy a new launch or resale condo in Singapore?
New launches typically carry a 15–40% premium over resale prices in the same district. However, new launches offer progressive payment during construction (lower initial monthly costs), brand-new units with full warranty, and potentially higher appreciation. Our tool lets you compare both options side by side for any of our scored projects.
What income do I need to buy a $2M condo in Singapore?
Under MAS TDSR rules, your total monthly debt payments cannot exceed 55% of your gross monthly income. For a $2M condo with 25% down and a 25-year mortgage at 2.5%, the monthly payment is approximately $7,200. This means you need at least $13,100 in gross monthly household income — assuming no other debts.