Specialist practice
New Launch Condo Property Agent in Singapore
Quick answer
A new launch condo agent in Singapore explains the project, the price list and the payment schedule, and checks the numbers before you book. Winfred Quek, CEA R073319H, compares each launch with resale options and shows the full cost, including stamp duty and progressive payments, before you commit. Buyers pay no fee under the standard arrangement.
Who is a new launch condo agent for?
Buyers who want the numbers checked before they sign a booking form are who this page is for. It suits:
- Upgraders choosing between a new launch and a resale condo.
- Investors comparing a new launch with a resale unit that earns rent from day one.
- Owner-occupiers who prefer a longer payment schedule while the project is built.
- Buyers who want to understand the booking, the Sale and Purchase Agreement and the timeline to keys.
How does Winfred help buyers of new launches?
Winfred works through six steps, from your purpose to the day you collect keys.
- Set your purpose and budget. We settle whether this is a home or an investment, how long you plan to hold, and the price range your loan supports.
- Shortlist the launches. I compare launches by location, tenure, unit mix, price per square foot and expected completion. Project briefs are linked from the new launches page.
- Run the full cost. We work through Buyer's Stamp Duty, ABSD where it applies, the progressive payment schedule and your loan, with the stamp duty and ABSD calculators.
- View and compare. I arrange your viewing and put resale units next to the launch, so you can see what the premium buys.
- Book and sign. I explain the booking fee and the timeline to signing the Sale and Purchase Agreement. Your own lawyer reviews the agreement.
- Follow the project to keys. I explain the stage payments, the Temporary Occupation Permit and the defects liability period.
How does a new launch condo compare with a resale condo?
A new launch typically costs more per square foot and spreads payment over the build, while a resale condo can be lived in or rented out immediately.
| Item | New launch condo | Resale condo |
|---|---|---|
| Price per square foot | Typically a 20 to 30% premium over comparable resale units. | The baseline for comparison. |
| Payment | Progressive Payment Scheme: instalments tied to construction milestones. | Full payment upfront. |
| Time to occupy or rent out | After the Temporary Occupation Permit, typically 3 to 4 years from booking. | Immediate. |
| Defects cover | Developer must fix reported defects for 12 months from vacant possession. | No developer defects liability period. Inspect the unit before you buy. |
Sources: my new launch versus resale framework (last reviewed May 2026) and my answer pages on the Progressive Payment Scheme and the defects liability period. Figures are typical, not guaranteed for any project.
What does Winfred not do for new launch buyers?
Winfred is a property agent, and the lines below are where the role stops.
- I do not promise price growth, rental returns or resale profit on any project.
- I do not give legal advice on the Sale and Purchase Agreement. Your own lawyer reviews it.
- I do not give tax or financial advice. Confirm your own case with IRAS or your bank.
- I do not use urgency to hurry you into a booking. If the numbers do not work, I will say so.
Frequently asked questions
Should I buy a new launch or a resale condo?
It depends on how long you will hold and when you need the home. A new launch suits long hold horizons of 5 years or more and lower upfront capital, while a resale condo suits immediate occupiers and investors who need rent from day one. Source: my new launch versus resale framework, last reviewed May 2026. See new launch versus resale condo.
What is the Progressive Payment Scheme?
The Progressive Payment Scheme spreads payment for a new launch across instalments tied to construction milestones, from foundation to the Temporary Occupation Permit, instead of requiring the full price upfront. Your bank loan is drawn in matching stages. See what is the Progressive Payment Scheme.
How long from booking to keys on a new launch?
Construction typically takes 3 to 4 years from booking to the Temporary Occupation Permit, and vacant possession follows shortly after. Each project has its own expected completion date, which I check with you before you book.
Do I pay you a fee when I buy a new launch?
No fee from you under the standard arrangement, where buyer representation is paid by the seller's side. If there is an exception, I disclose it up front and agree it before any viewing. See the pricing page.
What is the defects liability period for a new condo?
It is typically 12 months from vacant possession, during which the developer must make good genuine defects you report in writing, at no cost to you. See the defects liability period.
What are the key takeaways?
Three points matter most on this page.
- A new launch typically carries a 20 to 30% price per square foot premium over comparable resale units, so compare before you book.
- Progressive payments spread the cash outflow but do not reduce the price.
- Ask for the full cost, including stamp duty and the payment schedule, before you sign anything.
Next step
Talk to Winfred about your situation.
Message me on WhatsApp for a quick question, or book a 30 minute strategy call and we will go through your numbers together. No pressure, and no obligation.