Condo TOP 2024/ 2025 Singapore
Looking to move into a new launch condominium project soon? Find the comprehensive list of all TOP condo projects with estimated completion in 2024/ 2025.
Last Updated on June 23, 2024 by Editorial Team
Are you looking urgently for a new condominium in Singapore to move into within the next few months to a year? For property buyers looking at condominium apartments in Singapore, there are three simple options available:
- TOP Condos (Condominium with Temporary Occupation Permit – TOP) – These are brand new condominiums built and sold by the developers, which you can move in immediately or soon.
- New Launch Condo – New condominiums that are to be constructed or in the process of being built. You probably must wait 3-4 years for the construction to complete.
- Resale Condos – Condominiums are owned or occupied and listed for sale to a 2nd/ new potential buyer.
If waiting for a new launch condo’s construction to be completed in years is not an option for you, going for a soon to TOP condo is the next best option. Some of the benefits of Condos that will TOP soon include:
- Brand New Condition – You are buying a new unit with all the fixtures, fittings, sanitary ware, and air conditioning in brand new condition.
- Potential Capital Appreciation – As the property’s first owner, you are in the best place to enjoy maximum capital appreciation of your unit, compared to purchasing a resale condominium where you will be paying the first owner profits.
- Other Benefits – You will also get to enjoy a better choice of units to select from, free repairs during the defects liability period, and direct developer discounts as and when there is a promotion.
Here is a list of new launch condos estimated to obtain their Temporary Occupation Permit (TOP) in 2024/ 2025 based on the construction progress:
Condo TOP 2024 Details
Summary List of condo that has already obtained the TOP status in 2024.
10 Evelyn
Midtown Bay Condo
Pullman Residences Newton
Condo TOP 2025 Detail
Summary List of condo that will TOP soon in 2025.
Klimt Cairnhill
The Landmark
One Bernam
Canninghill Piers
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5 Benefits of TOP Condo Projects?
Learn the benefits of why you should consider buying completed / TOP condos in Singapore.
1. Save on Expensive Rental
TOP Condo developments have the advantage of allowing people to settle in more quickly. Imagine having to rent a place to stay while you awaited the completion of your apartment; this would consume a substantial amount of resources. The sooner you move into your new home, the less you will pay for rent.
2. Property in Brand New Condition
The fact that all of the fixtures and fittings are in excellent condition makes a new apartment appealing. Buying a new place also eliminates the necessity to spend money and valuable time fixing loose tiles or replacing leaky faucets. Besides the apparent advantages, knowing that now the shower screen you’re soaking in isn’t covered in years’ worth of dead skin cells from past owners gives you a less obvious but no less significant sense of peace of mind.
3. Potential Capital Appreciation
As the property’s first owner, you’re best placed to reap maximum capital appreciation off your unit. The first reason is that buying directly from the developer means you’ll pay less than other buyers (compared to buying from a 1st property owner) will and still make a profit. If you need to sell, later on, this gives you an advantage over resale purchasers who are priced out of the market by other sellers. The second reason is that new condominiums have minimal depreciation if any at all. If you’re buying for investment purposes, it makes sense to consider a TOP condominium instead of an older resale condo which would incur more depreciation over time.
4. Greater Selection of Choice Units
Developers usually make most of their sales at launch, i.e., before construction has even started on the units. However, as the project nears TOP, there are still a sizeable number of units for buyers to choose from. This means buyers have a greater chance of securing prime units than resale condominiums, where they’re constrained to choose between available units that current owners are putting on the market.
5. Free Repair for Defects
A TOP condominium includes a defects liability period (usually one year from TOP) during which the developer is contractually obligated to repair any damage or defect in the unit.