New Launch Condo Purchase

Check eligibility (citizenship, existing property ownership, ABSD) Calculate budget including ABSD, BSD, and legal fees ↗ Check TDSR/MSR affordability limits ↗ Obtain In-Principle Approval (IPA) from bank Verify CPF OA balance available for property Research developer track record and past projects

Review URA Master Plan for area development and zoning Check proximity to MRT, schools, and amenities Compare PSF with nearby resale and other new launches ↗ Verify lease tenure (99-year vs freehold) impact on value Review site plan, facility layout, and unit orientation Check expected TOP date and completion timeline

Register Expression of Interest (EOI) with developer Visit showflat and measure actual unit dimensions Check floor plan efficiency (saleable vs strata area) Note ceiling height, bay windows, planter boxes, AC ledge Review included fittings and appliance specifications Shortlist preferred stack/floor/facing combinations

Prepare 5% booking fee (cash/cashier's order) Bring NRIC/passport, IPA letter, and proof of funds Attend ballot/booking day and secure unit Review and sign Property Details Information (PDI) Receive Option to Purchase (OTP) from developer

Appoint conveyancing lawyer within 1 week Receive S&P Agreement from developer (within ~2 weeks) Review S&P terms with lawyer before signing Exercise OTP and sign S&P (within 3 weeks of receiving) Pay exercise fee (15% of price, using CPF/cash) Pay BSD and ABSD within 14 days of S&P signing ↗ Finalize bank loan and mortgage documents

Set up progressive payment schedule with bank Track construction milestones (foundation, framework, TOP) Attend pre-delivery inspection (PDI) at TOP notification Conduct defect inspection of unit (use defect checklist) Report defects to developer within liability period Collect keys and register with condo management