New launches

A private residential project (condo, apartment, executive condominium or landed) that the developer is still selling directly, before or during construction. Fairhome lists every project in URA's monthly developer-sales survey, with units sold, sell-through and transacted prices — not asking prices.

New launches come with a fresh lease (or freehold title), a progressive payment schedule tied to construction milestones, and a wait of several years to completion. They typically transact at a premium over nearby resale stock — Fairhome shows that premium for every project, computed against resale caveats in the same district and property type.

Since October 2024, HDB classifies BTO projects by location attributes rather than mature/non-mature towns. Standard flats carry the usual 5-year minimum occupation period (MOP). Plus and Prime flats sit in choicer locations, receive more subsidies, and carry tighter conditions: a 10-year MOP, a subsidy clawback on first resale, and restrictions on who can buy them on the resale market.

After each exercise closes, HDB publishes applications received per flat offered, split by applicant group. A first-timer rate under 1.0x means fewer first-timer applicants than flats — good odds; rates above 3x indicate heavy oversubscription. Fairhome shows the first-timer rate for each project and flat type from the most recent exercise.

The share of a project's total units that the developer has sold to date, from URA's monthly developer-sales survey. A fast-selling project isn't automatically a good buy — check the price against resale in the same district, which Fairhome shows alongside every project.

The Temporary Occupation Permit — the point at which a completed development can be occupied. For new launches still under construction, the expected TOP year is an estimate and can shift.

It depends on the premium you pay for the new lease and modern spec. Fairhome computes each launch's median transacted $psf against the trailing-12-month resale median for the same district and property type, so you can see exactly how much extra the showflat price represents. This is information, not financial advice.

Buying at launch means progressive payments, a new lease, and picking your exact unit — at the premium over resale that we publish for every project. Waiting means paying market price for certainty: the actual unit, the actual view, immediate occupancy. If a project's premium is far above what renovation and lease-freshness justify, the resale market next door is usually answering the question for you.

They're URA's official monthly survey of developers — the same numbers the press quotes — refreshed around the 15th. They can be restated (returned units, revised launches), and our whole table is rebuilt from scratch each sync, so what you see matches URA's current record rather than a cached snapshot.

Private figures come from URA's Data Service: the monthly developer-sales survey (units sold, prices) and lodged caveats for individual transactions. BTO details are transcribed from HDB's official launch announcements and the HDB Flat Portal's published application rates. Fairhome carries no listings and no agent leads.