Frequently Asked Questions (FAQ) - PropertyGiant Singapore

About the Property Giant Team

Who is Property Giant?

Property Giant is a trusted team of licensed real estate agents backed by in-house marketing tech specialists, with a results-oriented approach to buying and selling and marketing property. We are not a real estate agency; we are a real estate sales and marketing consultancy.

Our sales team members are reputable, reliable realtors registered with Propnex Realty, Knight Frank, and other licensed agencies. We are committed to delivering results fast and ensure that our clients get the price they want - be it selling their existing house or buying a new property! Find out more About Us and how we can serve you today!

There are so many property agents in the Singapore market. Why should I choose the Property Giant team instead of an independent real estate agent to serve me?

There is no stronger force than a team of people working in synchronicity with each other towards a common goal. As competent and highly experienced as many of our local realtors are here in Singapore, there is an inevitable ceiling to what can be achieved alone, no matter the skill level involved.
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Rather than just rely on the limited resources of singular realtors, at PropertyGiant you get a whole team of committed, hardworking and experienced minds who will be with you at every turn, working tirelessly to serve your needs.

The PropertyGiant team is highly collaborative, centred around the principle that our collective minds are significantly more powerful than any independent one within. Together, we exceed our own individual expectations of creativity, productivity and problem solving.

Our bright and dynamic team will be with you every step of the way. We will source and co-broke with other licensed agents to find your dream property or help you sell your property. Find out more About Us and how we can serve you today!

Does Property Giant team co-broke with other property agents?

Yes, we co-broke with other licensed property agents in buying or selling properties. Our client's interests are our top priority, and we believe in "Results First, Commission Second.”

Are you a licensed real estate agent with a property to co-broke? Contact Us now or call us at +65 8808 0788 to explore how we can connect our buyers and sellers effectively!

About Property Giant's Services

I wish to sell my house. How can Property Giant help me sell my property?

We provide a full suite of services to help market and sell your property FAST - from curated video home tours, creative and effective marketing, and professional salesmanship to home staging, home valuation reports and more. Furthermore, we connect you with potential buyers not only from Singapore but also from overseas, opening the doors to limitless exposure for your property in the real estate market. Most importantly, we can help you sell at the price you want. Learn more about how we make your life easier when you List With Us!

Do you also need to buy a new house after selling your home? We’ve got you covered! Find out more about what we can do when you Buy With Us.

I wish to buy a property. How can Property Giant help me?

Buying property is a serious investment, a decision that you would wish to make only after consulting with experts in the industry. That's where our team comes in. Not only can we get for you an array of high quality property listings which fit your requirements, our experienced team also provides financial planning advice, helps you to analyse the market correctly, and gives you reliable and efficient service. Most importantly, we help you to get it at the price that you want.

Whether you are looking to buy a HDB flat, Executive Maisonette, Condominium, Executive Condominium, apartment, or a landed property such as a semi-detached house, detached house, or bungalow, we’re right here to assist you. Find out more about what we can do when you Buy With Us!

Are you also planning to sell a property after your new purchase? Let us handle it for you! Our team has a full suite of solutions that we provide to help you get your property visible in the market and get it sold FAST, at the price that you want. Learn more about how we make your life easier when you List With Us!

I am a foreigner staying overseas, looking to invest in property in Singapore. How can Property Giant help me?

Our team will help you to source for the most ideal properties for your investment, assist you with all matters of the transactions, and support you 24/7 to answer any of your questions! Not only can we assist in finding a property for you, we can also help you to find suitable tenants and oversee property management. We have served many foreigners from all over the world with highly satisfactory results, and promise you the same. Find out more about what we can do when you Buy With Us!

Get more key information to make informed decisions for your next property investment with A Foreigner’s Guide To Purchasing Property In Singapore.

I am a developer, looking for a team to market and sell my units. Why should I choose Property Giant for this role?

Who doesn't like a one-stop solutions provider? With our Property Giant team, you get:

Passionate and creative Marketing Tech Specialists pulling all the stops to ensure your property gets noticed by the right buyers.

Dedicated and results-driven real estate agents working round the clock to serve and follow up with potential buyers.

Professional Videography and Photography team to capture and highlight the best angles of your development.

We deliver results with efficient hard work. Find out more on what we do for you when you List With Us!

I wish to upgrade my property from HDB flat to condo. How can Property Giant help me?

The simple answer is - we can help you with everything! From doing the financial calculations to finding a buyer to take over your existing house to selecting your dream home, we provide a full suite of solutions to help you with your real estate journey. Leverage on our team's unique combination of strengths to help you SELL and BUY your property in the shortest time possible.

I wish to upgrade from Condo to Landed Property. How can Property Giant help me?

I wish to buy a second property. How can Property Giant help me?

The simple answer is - we can help you with everything! Our experienced Property Giant agents will chat with you on your requirements and advise you on the best investment opportunities. We provide a full suite of solutions to help you with your real estate journey. Leverage on our team's unique combination of strengths to make the RIGHT CHOICE when you BUY your second property.

I saw a Video Home tour by Property Giant and would like a similar video shoot for my property too. How much does it cost and what is involved?

Sure! Our team can arrange an end-to-end video shoot service for you, with the videographers and technical team, video hosts, and even home staging if necessary. If you already have a real estate agent exclusively selling your property, we can work with him/her to be featured as well. Do provide us your contact details here and we will send you a quote!

I just bought my house and wish to do some Additions and Alterations or Reconstruction. How can Property Giant help me?

Our Property Giant team offers professional consultation regarding interior design and renovation, and puts you in touch with reliable contractors who get the job done! Together with home staging, these solutions that we provide are part of our Concierge services.
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Check out our portfolio of the latest completed projects, and Contact us or call +65 8808 0788 to get in touch with our consultants today!

About New Launch Properties

Eligibility & General Info about New Launch Properties

What is a "New Launch" Condo?

A "New Launch" Condo is either a brand new condominium that is currently still under construction or are brand new units sold directly by the developers. New Launch Condos come in a variety of development types where buyers will have the opportunity to purchase units prior to completion of the project. In recent years, the market has seen a steady trend in buyers moving towards investing in New Launch Condos due to the potential for high rate appreciation upon completion.

Is it better to buy a New Launch or a Resale Condo?

Choosing between a New Launch or a Resale Condo is an important decision that will vary depending on your needs and priorities. Whether you are looking for a new dream home for your own stay or the ideal unit for investment, careful planning and consideration must be put in place to make the right decision for you. Taking advantage of developer early bird discounts on a New Launch Condo could offer the potential of high returns, whereas a ready-to-move-in Resale Condo may be just what you need for a fresh start. Our team of experienced property consultants here at Property Giant will guide you along the way and ensure you are making an informed decision. Find out more on how we can serve you when you Buy with Us!

What is the significance to me as a buyer whether a new launch tenure is Freehold or 999-years lease or 99-years lease?

Deciding between a Freehold, 999-years lease or 99-years lease tenure will boil down to your priorities for investment and budget. Some buyers may choose to focus on Freehold or 999-year lease for long-term investment; an asset that can be inherited by future generations. However, the majority of upcoming New Launch condos are now on 99-year leases. Let our Property Giant team find the right fit for your requirements when you Buy with Us!

Do I need to do further renovation to my new launch unit or is it live-in condition with complete furnishings once I get my keys?

Most new condos are fitted with the basic features such as the wardrobe, toilet facilities, flooring, air conditioners, kitchen cabinet, cooker hood and hob and oven. Thus, it is considered live-in condition. Some developments even include the fridge, washing machine, and dryer as part of their furnishings. However, if you wish to customise your house’s design further to match your personal style, check out our Interior Design and Concierge services!

I would like to visit the showroom of a new launch. Can I walk in or must I make an appointment in advance?

Some New Launch developments do allow walk-in visits to their showrooms. However, due to Covid Safe Distancing Measures, it is highly advisable to book a prior appointment with our consultants to avoid disappointment. Register now via our Contact Form or call us at +65 8808 0788 to get in touch with our team of real estate professionals and book your showroom visit today.

Who should I contact if I would like to make an appointment for a showroom visit?

At Property Giant, we can help you arrange all your New Launch showflat visits hassle-free and at your convenience! Register now via our Contact Form or call us at +65 8808 0788 to get in touch with our team of real estate professionals and book your showroom visit today.

Is everyone eligible to buy a New Launch?

Not everyone will be eligible to purchase a New Launch development. Want to check your eligibility status? Make sure to contact us to learn more about what criterias must be met in order to purchase a New Launch unit.

Is there a minimum income or an income cap to buy a new launch?

There is no minimum income or income cap to buy a New Launch property. Our team of trusted property agents will conduct a thorough financial affordability assessment and guide you through the full process from financial planning to determining your loan eligibility to ensure you find the home that works best for you.

Is there a minimum age limit to buy a new launch?

Legally, you must be 21 years of age or above in order to purchase property in Singapore. In some cases if the owner of the property is under the age of 21, the property may be bought under a trust. For more details about your eligibility to purchase a New Launch unit, you may Contact Us or call us at +65 8808 0788 for a free non-obligatory discussion.

I am a foreigner married to a Singaporean. Am I eligible to buy a new launch?

Yes, as a foreigner married to a Singapore Citizen you are eligible to purchase a New Launch. Married couples looking to jointly buy their first matrimonial home, where at least one partner is of Singaporean Citizenship, will be exempt from Additional Buyer’s Stamp Duty (ABSD) if both spouses at the time of purchase do not own any residential property. Get in contact with our Property Giant’s experienced agents via our Contact Form or call us at +65 8808 0788 for more information.

I am a foreigner expat in Singapore. Am I eligible to buy a new launch?

Yes, single or unmarried foreigner expats living in Singapore are also eligible to purchase New Launch properties as well. Whether you are purchasing for your own residence or intend to rent out for passive income, our team is ready to assist you. Find out more about what we can do for you when you Buy with Us!

I am a Singapore Senior Citizen. Am I eligible to buy a new launch under my name only?

Yes, as a Singapore Senior Citizen, you may purchase a New Launch entirely under your name. If you would like to appoint our team to provide you our end-to-end solutions, you may Contact Us or call us at +65 8808 0788 for a free non-obligatory discussion.

We are a young Singaporean couple. Are we eligible to buy a new launch?

Yes, Singaporean couples are eligible to purchase a New Launch property under individual names or as a co-owned unit depending on your needs and priorities. There are additional factors that you may wish to take into consideration when looking to buy your New Launch unit, so do Contact Us or call us at +65 8808 0788 for a full consultation.

We are a Singaporean family considering upgrading from HDB to condo. Should we buy a new launch or a resale unit?

Whether you upgrade from a HDB flat to a New Launch or Resale Condo will depend on your family’s needs and priorities. These may include such factors as location or long term versus short term investments. If you are still living within your HDB Minimum Occupancy Period (MOP), you can get in touch with us and our property consultants can help you plan your upgrade accordingly. Let us help you find the right house for your family! Contact Us or call us at +65 8808 0788 for a free non-obligatory discussion.

I am a Singaporean PR. Am I eligible to buy a new launch?

Yes, Singapore Permanent Residents are eligible to buy new launches. If you would like to appoint our team to provide you with our end-to-end solutions, Contact Us or call us at +65 8808 0788 for a free non-obligatory discussion.

I am a single Singaporean who is currently staying overseas for work/studies. Am I eligible to buy a new launch?

Good news for you! Yes, it is possible to purchase a New Launch unit if you are currently overseas for work or studies. However, this is subject to the policies of individual developers whether they are comfortable with using an electronic signature to book the unit while you are still overseas. Official documentation will require actual signatures which can be sent to you. For more information on the process, do Contact Us or call us at +65 8808 0788.

I am a single Singaporean who travels extensively for work. Must I be physically present in Singapore to apply for and purchase a new launch condo?

No, it is not mandatory for you to be physically present in SIngapore. It is possible for you to apply for and purchase a New Launch Condo if you are currently overseas for work. However, this is subject to the policies of individual developers whether they are comfortable with using an electronic signature to book the unit while you are still overseas. Official documentation will require actual signatures which can be sent to you. For more information on the process, do Contact Us or call us at +65 8808 0788.

I am a Singapore Citizen who currently owns a HDB flat. Can I buy a new launch condo as a second property?

Yes, as a Singapore Citizen you can purchase a New Launch Condo as your second property. You will be liable to pay Additional Buyer’s Stamp Duties (ABSD) on your additional property. Our team of experienced property consultants here at Property Giant will guide you along the way and ensure you are making an informed decision. Find out more on how we can serve you when you Buy with Us! If you would like our team to assist you with the financial calculations, do Contact Us or call us at +65 8808 0788.

I have just sold my house and am looking for a new place to stay within the next 6 months. Is buying a new launch a suitable option for me?

Most New Launch Condos will not be move-in ready within a 6 month time frame. You may therefore have to find a transition home in between moving from your sold house to a New Launch Condo. Thus, you might wish to consider New Launches which are going to Temporary Occupation Period (TOP) sooner with balance units available. At Property Giant, we can help you find the best option to suit your needs. Just Contact Us or call us at +65 8808 0788 for assistance!

New Launch Application and Sales Process

How do I buy a newly launched condo?

To purchase a New Launch Condo, you will need to buy through an agent who will guide you through all the steps of the process from completing your Expression Of Interest (EOI) form to finalising payment. This can be an agent of your choice or you will be randomly assigned one by the developer in the showflat. Looking for a trusted and reliable property agent? Get in contact with our Property Giant team today!

How much money do I need on hand to buy a new launch condo?

The amount of cash on hand you will need to purchase your New Launch Condo will vary depending on your loan capacity and CPF funds. However, a minimum 5% cash of the purchase price will be required to pay as a cash deposit for the booking fee.

Am I eligible for any housing grants, discounts, or other subsidies if I am buying a New Launch?

If you are a Singaporean Citizen purchasing an Executive Condominium (EC) New Launch, you will be eligible to apply for a CPF housing grant provided you meet the minimum requirements. The CPF housing grants available to apply for include:
   - Family Grant
   - Half-Housing Grant
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Do Contact Us for more details about the requirements needed to apply for CPF housing grants!

Discounts available on New Launch Condos will vary depending on the developer. At Property Giant, you can be sure to get the latest information on early bird developer discounts as they are announced.
If you are a foreigner, Contact Us to find out if there are any grants or subsidies you are eligible for!

Can I buy my new launch using CPF fully without coming out with any cash up front?

You will still be required to pay the 5% booking fee in cash up front. However once this has been paid for, you may use your CPF funds for the remaining balance. For more details regarding the breakdown of payment, do Register with Property Giant and get in contact with us today.

How long is the application process to purchase a new launch unit?

To begin the process of purchasing a New Launch unit, you must first complete and submit your Expression Of Interest (EOI) form to the New Launch developer. Once submitted, it typically takes within 1 hour to 1 working day to complete the Option To Purchase (OTP) agreement documentation. It is not required for you to be physically present during the entire process.
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The developer must then within 14 days from the date of the OTP, deliver the Sales & Purchase Agreement in duplicate and the original or copies of the title deeds to you or your lawyer for review.
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Don’t stress on the legalities! Our attentive Property Giant Agents will guide you on the process all along the way.

What is the shortest duration from the time I place an Expression Of Interest till I can move into my new launch unit?

How long before you can move into your New Launch unit will vary depending on the development you have purchased. For New Launch developments with balance units or condos that are nearing their Temporary Occupation Period (TOP), you may be able to move-in within 2 months. For New Launch developments that have only just been announced, you could be looking at 3 years or more before the keys can be handed over.

How early in advance can I apply for a new launch unit?

You can apply for a New Launch Condo unit immediately upon the developer’s launch. Contact us now for assistance in applying for your preferred unit!

What is my next step if I have visited the new launch showroom and like what I see?

If you are interested in a particular New Launch Condo, your next step is to fill out an Expression Of Interest (EOI) form and secure your unit by filling up a blank cheque for the 5% cash deposit. Do be sure to consult with our property agents who can help you explore all your options and get the best arrangement and comparisons amongst several New Launches available on the market. Find out more on how we help you!

How much do I need to pay to submit my Expression Of Interest (EOI) Form?

You will need to pay the 5% of purchase price cash deposit in order to submit your EOI form. Do note that submission of the EOI does not obligate you to proceed with the purchase.

Besides the selling price of the new launch, what other miscellaneous costs do I need to factor in for my expenses?

In addition to the selling price of your New Launch, you will have to factor in Buyer’s Stamp Duty (BSD) or Additional Buyer’s Stamp Duty (ABSD) if this is your second or subsequent property, or depending on your citizenship and PR status.
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You will also need to hire a solicitor to facilitate the purchase and act on conveyancing matters.

Don’t want to think so much? Let us help you with the calculations and details! Contact us now for a free, non-obligatory consultation.

Do I have to pay stamp duty for a new launch condo?

Yes, you will need to pay Buyer’s Stamp Duty (BSD) for your New Launch Condo. Depending on your citizenship and profile, or if you are purchasing your second property, you may have to pay Additional Buyer’s Stamp Duty (ABSD) as well.

Our professional agents can help you with the calculations and process details! Contact us now for a free, non-obligatory consultation.

Can I select the unit that I want for a New Launch upon submission of EOI?

Yes, we can help you select the best unit to suit your needs! Book an appointment with our Property Giant team now.

Is there balloting for the new launch condo units? And if so, when will I receive my balloting number?

Not all New Launches will require balloting. There are two scenarios in which you will need a ballot:

Ballots will be used to gather interest prior to the first day of launch of a new project. Once you have submitted your EOI form, you will be eligible to enter the balloting system. You will then receive your ballot on the first day of launch and be invited to book a unit once your ballot number has been called.
Ballots will be used on bounced out units—when a customer has withdrawn their interest in the unit, and therefore will be put up for sale again. You will receive your ballot on the day of balloting.

For more details about the balloting system for New Launch properties, do contact us at Property Giant.

I have received my balloting number. When and how will I be informed of the launch date?

The launch date of a project is announced in advance to any balloting of interest. However, you will receive your ballot number by the latest on the first day of launch. The sequence of events is as follows:

Announcement of launch date
Call to indicate your interest and see whether balloting is required
Official launch date where balloting begins

Not sure what to do next? Ask our Property Giant team and we will guide you each step of the way.

How much must I pay for the Exercise Fee when I sign the Sales & Purchase agreement?

The Exercise Fee of your Sales & Purchase agreement will range from 15-20% of the purchase price. This will be based on the development’s building progress as well as your 75% bank loan. If you would like to know your specific case’s amount, Contact Us today to get a full financial breakdown.

Must the Exercise Fee be paid in cheque/cash or can it be deducted from my CPF?

Either option of fully by Cash or partially by CPF is possible for you depending on several factors. Your property agent can assist you in checking what is the preferred or accepted mode of payment with the various law firms. Need a property agent? Let us help you! Just Contact Us or call us at +65 8808 0788 for assistance!

Thereafter, what are the payment terms like?

Depending on how much loan you have leveraged, the usual order of payment will follow: cash, CPF funds, then loan.
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Example for First Property Buyer
‍Buyer takes a 75% loan.
Buyer pays Option to Purchase Fee and Exercise Fee in Cash.
The payment terms for the balance payment can be made via either cash or CPF funds.
Thereafter, Buyer commences monthly instalment payment for the 75% loan via cash or CPF or both.

‍For property owners buying a second property, there are other factors that will influence the amount of loan that you can get.
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Our experienced Property Giant team will be able to assist you in calculating your loan eligibility and managing your payment timelines to facilitate a smooth transition for sale and purchase! Find out more on how we can help you when you Buy with Us.

Can I cancel my EOI application for a new launch for any reason and will I get a refund of my EOI cheque deposit?

Yes, you may cancel your EOI application for a New Launch at any time provided the Option To Purchase (OTP) agreement has not yet been processed. If the OTP is already in process, a cancellation fee of 25% of your booking fee will apply.
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It is important to note that EOI applications are only necessary for a property before it has launched. Once a development has been launched, you can immediately place the 5% booking fee to book a unit.

Can I submit an EOI for several new launch condos at the same time, and only later decide which new launch I wish to proceed with?

Yes, you can submit EOI applications for several units without paying the 5% booking fee.

Engaging a property agent for New Launch Purchases

I would like to get a free personal consultation to understand my options and eligibility for purchasing a new launch. Who should I contact?

Register today with Property Giant for a free consultation! Our team of expert property consultants can help you better understand your eligibility for purchasing a New Launch Condo and help you find the best options to suit your needs.

Do I need a property agent in order to buy a new launch unit?

Yes, you will need to go through a property agent in order to purchase a New Launch unit. Need a property agent? Let us help you! Just Contact Us or call us at +65 8808 0788 for assistance!

Do I need to pay the property agent any commission for helping me to purchase my unit?

No, you will not need to pay your property agent any commission for New Launch purchases. So what are you waiting for? We are ready to serve you today! Just Contact Us or call us at +65 8808 0788 for assistance!

Can I choose which property agent I want to assist me with my queries and purchase, or will I be randomly assigned a property agent by the developer?

Yes, you may choose your own property agent to handle your New Launch queries and purchase. If you do not have a specific agent to assist you, get in touch with Property Giant so we can connect you with one of our property agents and ensure all your interests and concerns are being taken care of!

There are designated agents available at each of the respective New Launch showflats ready to serve you. However, they may not necessarily be experienced to provide you with the comparisons and calculation of finances required to help you make an informed decision.

Will the property agent help me calculate my finances and eligibility?

Yes and no—this will depend on the property agent’s experience. At Property Giant, our savvy team of agents guarantee this value-added service free of charge! Contact Us or call us at +65 8808 0788 now for a non-obligatory consultation.

Can the property agent help me with my loan applications?

Yes, your agent will be able to assist in connecting you to the right bankers or mortgage brokers to help facilitate a smooth process. Using a recommended panel of bankers will usually help speed up the process of purchasing your New Launch unit.
Using Property Giant’s services include having access to a network of bankers, mortgage brokers, and other useful resources, which would make your entire purchasing experience much smoother. Find out more on how we can make your life easier when you Buy with Us.

Can the property agent recommend to me a lawyer for the S&P agreement matters?

Yes, your agent can help to recommend a lawyer or solicitor to facilitate the Sales & Purchase agreement.

How can I be sure that my property agent is appropriately licensed?

You must ensure that the contact number used by your property agent is registered with the CEA public register. It is mandatory that any agent display their agency ID upon your meeting with them. At Property Giant, you can rest assured all of our team of highly experienced property agents are appropriately licensed.

Buying a New Launch for Investment

Is buying a new launch a good property investment?

As a foreigner residing in Singapore:

Yes, you will have the added bonus of possibly being able to get a return on your investment after just 3 years by selling the unit. This is opposed to paying rent for someone else’s house and having no assets of your own.

As a Singapore Citizen or PR:

Yes, as you will have the option to leverage your CPF funds for this investment.

As a foreigner residing outside of Singapore:

Yes. Singapore’s security and political stability makes it an ideal location for property investment with stable appreciation of property value. Additionally, you can save further on property tax and maintenance fees on a New Launch unit in comparison to purchasing a Resale unit.

Want a chat with an experienced property agent to discuss asset progression and investments? Contact Us or call us at +65 8808 0788 now for a non-obligatory consultation.

How soon can I resell my new launch unit after purchase?

Technically, you can resell your New Launch unit any time after purchase. However, Seller’s Stamp Duty (SSD) will apply if you decide to sell within the first 3 years.

1st Year - 12% SSD
2nd Year - 8% SSD
3rd Year - 4% SSD

Our Property Giant team will be happy to advise you regarding the best time when to resell your new launch unit for investment purposes.

Can I rent out my new launch unit immediately upon receiving the keys (TOP)?

Yes you can! You are not required to pay your full loan amount before you can start renting out your New Launch unit.
Want someone to assist you in finding tenants? Find out how our Property Giant team provides a full suite of solutions when you Buy with Us!