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.

Union Square Residences Singapore — Clarke Quay Freehold at $3,500 psf

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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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Union Square Residences Singapore — Clarke Quay Freehold at $3,500 psf

Union Square Residences is a landmark freehold mixed-use development at Clarke Quay, District 6, developed by CDL. Prices from ~$3,500 psf for 1–4BR and branded residences. Walking distance to Clarke Quay MRT and Fort Canning MRT.

Location: Clarke Quay, District 6

Walking distance to two MRT stations: Clarke Quay MRT (North-East Line) and Fort Canning MRT (Downtown Line). Singapore River frontage, heritage shophouses, F&B and lifestyle scene.

Developer: CDL

City Developments Limited — Singapore’s largest listed developer, 50+ years history, global portfolio of 100+ projects.

Unit Mix: 1–4BR + Branded Residences from $3,500 psf

1BR: Freehold CBD fringe entry — investor appeal
2BR: Corporate tenant targeting
3BR: Premium family units
4BR: Luxury configurations
Branded Residences: Hotel-quality services

Singapore River Lifestyle

Clarke Quay riverside dining, Robertson Quay, Boat Quay all within walking distance. CTE and MCE for rapid car access.

Freehold Scarcity + Foreign Buyer Case

Freehold in D6 is extremely rare — future GLS are commercial/leasehold. Land tenure permanence + CBD adjacency = long-term wealth preservation. Strong appeal to Singapore PRs and foreign HNW buyers.

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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

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Union Square Residences Singapore — Clarke Quay Freehold at $3,500 psf

Union Square Residences Singapore — Clarke Quay Freehold at $3,500 psf

Location: Clarke Quay, District 6

Developer: CDL

Unit Mix: 1–4BR + Branded Residences from $3,500 psf

Singapore River Lifestyle

Freehold Scarcity + Foreign Buyer Case

Get a Free Property Valuation from Alvin

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