Property Guides

Can I afford a condo in Singapore on a combined income of $12,000/month? +

With a combined income of $12,000/month, you can typically borrow around $1.4M–$1.6M (subject to TDSR of 55%). With your CPF OA and assuming some cash savings, you can realistically look at condos in the $1.6M–$2M range. Exact figures depend on existing loans, CPF balance, and the property’s lease. Book a free consultation for a personalised assessment.

What is the difference between a new launch and resale condo? +

A new launch condo is bought directly from the developer — you pay a progressive payment schedule and wait 3–5 years for completion. A resale condo is bought from a private seller and you can move in (or rent it out) almost immediately. New launches typically carry a premium for the “new” factor and customisation, while resale condos can offer better value-for-money and immediate rental income.

How much ABSD do I pay when buying a second property? +

As of July 2026 (IRAS), Singapore Citizens pay 20% ABSD on their second residential property. Singapore PRs pay 30% ABSD on their second property. Foreigners pay 60% ABSD on any residential property purchase. There are specific rules for married couples buying their first joint property — consult Emmeline for your specific situation.

Can I sell my HDB and buy a private condo? +

Yes — but you need to have met your HDB Minimum Occupation Period (MOP) of 5 years first. After MOP, you can sell your HDB and use the cash proceeds plus CPF to buy a private condo. If you want to keep your HDB and buy a second property simultaneously, you will need to pay 20% ABSD on the private property (for Singapore Citizens).

What should I look for when buying a new launch condo? +

Beyond the showflat glamour, focus on: (1) location fundamentals — MRT proximity, amenities, school catchment; (2) developer track record — how have their past projects performed; (3) pricing vs comparable resale condos in the area; (4) unit mix and facing; (5) exit strategy — who are the likely future buyers or tenants? Never buy a new launch purely based on what the agent tells you at the showflat.