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.

Narra Residences 2026 — Last Window Before Price Hike

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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.

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Narra Residences 2026 — Last Window Before Price Hike

Narra Residences at Buona Vista/Queenstown (RCR) offers 2BR from $1,227,000 — entry price unavailable elsewhere in the RCR. A price revision is expected imminently following the Dover Road GLS bid at $1,556 psfppr. JV developer partner called emergency meeting.

The $1.227M Entry Point

2BR 1-Bath (560 sqft) from $1,227,000 — 14 units below $1,326,000. Comparable RCR 2-bedders: $1.5M–$1.85M. Narra is 15–33% below RCR peers.

Dover GLS Wake-Up Call

Dover Road GLS: $1,556 psfppr. Same RCR submarket. Developer economics demand repricing. Future Dover project: $2,900+ psf. Narra at $2,021 psf looks increasingly below-market.

Available Units

Type	Size	Price	Units
2BR 1-Bath	560 sqft	$1,227K–$1,326K	14
2BR 2-Bath	646 sqft	$1,389K–$1,509K	32
3BR Compact	varies	From $1,854K	Limited

Sold Out

1BR+Study — entire type sold
Stack 29 — completely sold
Stack 44 — completely sold

Sales Velocity: 10 Units in 7 Days

One-north proximity (130,000+ workers), Buona Vista MRT interchange (EWL+CCL), NUS/INSEAD/SP rental demand. Investors buying full stacks.

WhatsApp Alvin before price hike

Alvin Tan | ERA Realty Network | CEA R072324C | Lic L3002382K

???? Get a Free Property Valuation from Alvin

Need an honest, data-driven valuation on this project, your existing property, or a comparison? WhatsApp Alvin Tan directly — CEA-licensed, ERA Realty, no obligation. Same-day reply during office hours.

✅ Free showflat priority booking
✅ ABSD + BSD + financing eligibility analysis
✅ Floor plan packs & price list (where available)
✅ HDB upgrader pathway planning

???? WhatsApp Alvin Now → +65 8488 8648

Alvin Tan

Property Agent

CEA R072324C

ERA Realty Network L3002382K

+65 8488 8648

Chat with Alvin

Narra Residences 2026 — Last Window Before Price Hike

Narra Residences 2026 — Last Window Before Price Hike

The $1.227M Entry Point

Dover GLS Wake-Up Call

Available Units

Sold Out

Sales Velocity: 10 Units in 7 Days

???? Get a Free Property Valuation from Alvin

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