Buying a new condo project can be exciting—but it’s also a big financial decision. With showrooms looking picture-perfect and sales agents talking fast, it’s easy to overlook key details. Whether you’re an investor or a future homeowner, here’s a practical checklist of what to look for before you commit to a new launch condo in 2025.

1. The Developer’s Reputation

Start by researching who is behind the project. A well-known developer usually means better construction quality and timely delivery.

Ask:

  • Has the developer completed similar projects before?

  • Do they have a good record with defect handling?

  • Are past buyers happy with their purchases?

✅ Tip: Google the developer + “reviews” to uncover real feedback.

2. Location, Location, Location

This can’t be stressed enough. The condo’s location affects everything from property value to rental yield.

Look for:

  • Proximity to MRT/public transport

  • Schools, supermarkets, and amenities

  • Upcoming government development plans

  • Future resale demand

A condo in a developing hotspot today could be a goldmine tomorrow.

3. Layout and Floor Plans

Never buy based on the showroom only. Check the actual floor plan to ensure:

  • Good use of space (no awkward corners)

  • Proper ventilation and natural light

  • Clear separation between living, dining, and bedrooms

  • Balcony size and usability

If possible, bring the layout home and visualize your furniture in it.

4. Price Per Square Foot (PSF) Comparison

Compare the PSF price of the condo with nearby properties—both resale and new launch. This gives you a feel for whether you're paying a fair price or overpaying for hype.

Also check:

  • Maintenance fees

  • Parking charges

  • Sinking fund contribution (if any)

5. Unit Facing and Level

Your view and comfort matter:

  • South-facing units often get good natural light.

  • Avoid units facing noisy roads, garbage areas, or directly west (hotter).

  • Higher floors often mean better views but higher prices.

Some developers offer virtual tours of different facings—ask for them.

6. Estimated Completion Date

New condo projects often take 2–4 years to complete. Confirm the TOP (Temporary Occupation Permit) date and what penalties apply if it gets delayed.

If you’re renting now, align your lease end date with the expected condo move-in.

7. Facilities Offered

Look beyond the fancy showflat model. Ask:

  • Are the facilities practical for your lifestyle?

  • Is the pool large enough for residents?

  • Are there enough lifts per block?

  • What’s the maintenance plan?

Too many flashy features = high maintenance fees later.

8. Quality of Finishes and Appliances

Inspect the showroom for actual materials used:

  • Kitchen countertops

  • Bathroom fittings

  • Flooring quality

  • Built-in cabinets

Sometimes, what’s shown in the showflat is an “upgraded version.” Ask for a full list of what’s included in the standard unit.

9. Financing Options and Early Bird Discounts

Ask the agent:

  • Are there progressive payment schemes?

  • What’s the booking fee?

  • Is there an early bird or launch discount?

Also check your loan eligibility with banks in advance, especially if you’re a first-time buyer.

10. Future Growth and Resale Potential

Even if you plan to live there long-term, consider the resale angle:

  • Is the area gentrifying?

  • Will future supply lower your unit’s value?

  • How easy will it be to sell or rent?

Being smart now saves you pain later.

Conclusion:

A shiny new condo can be tempting—but never buy without doing your research. Look beyond the marketing and carefully assess the developer, layout, location, and long-term value. Use this checklist to protect your investment and find a home that’s truly worth it.

 

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