Why New Launch Under $2M?
- 0% ABSD for Singapore Citizens buying their first property
- 5% ABSD for PRs (first property) — still attractive
- New launches offer developer discounts, deferred payment schemes, and progressive payment plans
- Under $2M is the sweet spot for HDB upgraders and first-time investors
1. Parktown Residence — Tampines Ave 11 (D18)
- Direct link to Tampines North MRT (Cross Island Line)
- Integrated with hawker centre, bus interchange, community club, childcare
- 87% sold on launch day — strong demand signal
2. The Orie — Toa Payoh (D12)
- Walking distance to Braddell MRT (North-South Line)
- First private launch in Toa Payoh in 8 years — rare central location
- Mature estate with full amenities: markets, food centres, parks
- 86% sold on launch weekend
3. Kassia — Flora Drive, Upper Changi (D17)
- Rare freehold in Outside Central Region — lowest PSF entry on this list
- Part of Flora Drive master plan near Changi region transformation
- Terminal 5 and Jewel expansion boost long-term value
4. Norwood Grand — Woodlands (D25)
- Near Woodlands South MRT (Thomson-East Coast Line)
- Woodlands regional centre transformation — future growth area
- Proximity to Causeway / JB — strategic for cross-border workers
- 84% sold on launch weekend
5. Morrison Lane — River Valley (D9)
- Prime District 9 — Robertson Quay / Mohamed Sultan lifestyle precinct
- 500m from Fort Canning MRT, 700m from Great World MRT
- Riverfront living along Singapore River
- Ground-floor commercial adds convenience
- Limited new supply in this micro-location
Register your interest with me to get first-mover pricing when Morrison Lane launches.Full Morrison Lane Review
ABSD Quick Reference (2026)
| Buyer Profile | 1st Property | 2nd Property |
|---|---|---|
| Singapore Citizen | 0% | 20% |
| Permanent Resident | 5% | 30% |
| Foreigner | 60% | 60% |
ABSD is calculated on purchase price or market value, whichever is higher.
Frequently Asked Questions
What are the best new launch condos under $2M in Singapore in 2026?
The top 5 are: Parktown Residence (Tampines, from $1.07M), The Orie (Toa Payoh, from $1.28M), Kassia (Upper Changi, from $883K, freehold), Norwood Grand (Woodlands, from $1.0M), and Morrison Lane (River Valley D9, est. from $1.4M, coming soon).
What is the cheapest new launch condo in Singapore 2026?
Kassia at Flora Drive, Upper Changi (D17) starts from $883K for a 1-bedroom unit. It is freehold with the lowest PSF ($1,688–$2,213) among current new launches.
What is ABSD for first-time buyers in Singapore 2026?
Singapore Citizens pay 0% ABSD on their first property. Permanent Residents pay 5%. Foreigners pay 60%. ABSD is calculated on purchase price or market value, whichever is higher.
Is there a freehold new launch condo under $2M in Singapore?
Yes — Kassia at Flora Drive (D17) is freehold, starting from $883K. Developed by Hong Leong, CDL, and TID with 276 units.
Which new launch condos are near MRT stations?
Parktown Residence is directly linked to Tampines North MRT, The Orie is walking distance to Braddell MRT, Norwood Grand is near Woodlands South MRT, and Morrison Lane is 500m from Fort Canning MRT and 700m from Great World MRT.
Is Morrison Lane a good investment?
Strong case: Prime D9, riverfront, dual MRT, only ~205 units, strong expat rental demand. Read the full Morrison Lane review.
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