Buying a new home in Singapore is a significant milestone, but affordability remains a top concern for many. With rising property prices, first-time buyers, young families, and investors are increasingly searching for the new launch condo in Singapore — properties that offer good value without compromising on quality, location, and lifestyle.
This guide explores the top 7 cheapest new launch condos in Singapore, diving deep into their features, pricing trends, transport links, nearby amenities, and more. We’ll also cover why affordable condos are a smart choice, how to finance them, and practical tips for first-time homeowners.
✅ Why Choose Affordable New Launch Condos in Singapore?
Before diving into the property list, it’s important to understand why choosing affordable new launch condos is a wise move:
✔ Lower Entry Cost
Affordable condos are easier to purchase for first-time homeowners or investors looking to build their portfolio.
✔ Good Connectivity
Many of these developments are near MRT stations, expressways, and public transport hubs, offering seamless travel to work and other parts of the island.
✔ Smart Layouts and Efficient Space
Modern developments prioritize functionality with efficient use of space, making even smaller units livable and comfortable.
✔ Access to Amenities
Affordable doesn’t mean lacking. Many projects are near schools, parks, shopping malls, healthcare facilities, and dining spots.
✔ Potential for Appreciation
Singapore’s property market continues to grow, and investing in a new launch, even at an entry-level price, could yield long-term gains.
✔ Flexible Financing Options
With government grants, loan schemes, and flexible payment plans, buyers can easily manage down payments and monthly costs.
Choosing an affordable property doesn’t mean compromising on lifestyle—it’s about balancing budget with needs.
Top 7 Cheapest New Launch Condos in Singapore (2025 Guide)
✅ 1. The Jovell – Near Bartley MRT
Starting Price: From SGD 900,000
Location: Bartley Road, near Bartley MRT (Circle Line)
Unit Types: 1 to 3-bedroom apartments
The Jovell stands out for its prime location near Bartley MRT while offering affordable prices that appeal to young professionals and families.
Features:
✔ Easy access to the city via the Circle Line
✔ Nearby parks and schools like Maris Stella High School
✔ Good selection of shops and supermarkets nearby
✔ Modern interior design with space-saving layouts
Pricing:
With prices starting from SGD 900,000, The Jovell offers one of the most competitive price points for new launch condos near MRT lines.
Ideal For:
✔ First-time homebuyers
✔ Small families looking for good schooling options
✔ Working professionals seeking connectivity and convenience
✅ 2. The Florence Residences – Near Aljunied MRT
Starting Price: From SGD 950,000
Location: Aljunied Road, near Aljunied MRT (East West Line)
Unit Types: 1 to 4-bedroom units
The Florence Residences is a practical choice for those wanting affordable housing close to Singapore’s key business and residential districts.
Features:
✔ Walking distance to Aljunied MRT and bus interchanges
✔ Within reach of shopping centers like City Square Mall
✔ Suitable for young couples and growing families
✔ Well-designed apartments with bright living spaces
Pricing:
Starting from SGD 950,000, this development is ideal for those seeking a balance between cost and convenience.
Ideal For:
✔ Young families planning to start
✔ Couples seeking affordable, accessible housing
✔ Investors targeting rental properties near MRT lines
✅ 3. Ecopolitan – Near Clementi MRT
Starting Price: From SGD 1.05 million
Location: Clementi Avenue, near Clementi MRT (East West Line)
Unit Types: 2 to 4-bedroom layouts
Ecopolitan is an eco-conscious project that appeals to buyers who want affordable housing in a green, peaceful environment without straying far from urban conveniences.
Features:
✔ Located near Clementi MRT and expressways for easy access
✔ Integrated green landscaping and recreational spaces
✔ Good schools and healthcare facilities nearby
✔ Sustainable living with energy-efficient designs
Pricing:
Starting from SGD 1.05 million, this is a competitive option for families prioritizing lifestyle and affordability.
Ideal For:
✔ Families with children
✔ Nature enthusiasts
✔ Buyers seeking sustainable living solutions
✅ 4. Parc Greenwich – Near Kovan MRT
Starting Price: From SGD 980,000
Location: Kovan Road, near Kovan MRT (North East Line)
Unit Types: 1 to 4-bedroom apartments
Parc Greenwich is a practical development ideal for buyers seeking affordability, convenience, and proximity to essential amenities.
Features:
✔ Near Kovan MRT and shopping centers like Heartland Mall
✔ Close to childcare centers and primary schools
✔ Compact yet efficient layouts designed for modern living
✔ Excellent transport links via public transit and expressways
Pricing:
With starting prices from SGD 980,000, this development is perfect for budget-conscious homeowners.
Ideal For:
✔ Young families
✔ Single professionals seeking affordable housing
✔ Investors seeking rental opportunities in high-demand areas
✅ 5. Riverfront Residences – Near Hougang MRT
Starting Price: From SGD 1 million
Location: Hougang Avenue, near Hougang MRT (North East Line)
Unit Types: 2 to 4-bedroom apartments
Offering scenic river views and tranquil surroundings, Riverfront Residences is an affordable luxury for families and retirees.
Features:
✔ Access to Hougang MRT, healthcare centers, and schools
✔ Landscaped gardens and water features enhance aesthetics
✔ Spacious layouts with practical designs
✔ Close to dining hubs and shopping malls like Hougang Mall
Pricing:
Starting from SGD 1 million, this development provides a relaxing lifestyle at an accessible price point.
Ideal For:
✔ Families wanting spacious homes
✔ Retirees seeking a peaceful environment
✔ Investors targeting rental yields in growing neighborhoods
✅ 6. CityLife @ Tampines – Near Tampines MRT
Starting Price: From SGD 1.1 million
Location: Tampines Street, near Tampines MRT (East West Line)
Unit Types: 2 to 4-bedroom apartments
CityLife @ Tampines offers affordable urban living near key transport hubs, schools, and entertainment venues.
Features:
✔ Walking distance to Tampines MRT and bus interchanges
✔ Close to shopping centers like Tampines 1 and Our Tampines Hub
✔ Practical layouts designed for comfortable living
✔ Modern facilities including gyms, swimming pools, and play areas
Pricing:
From SGD 1.1 million, this condo is budget-friendly and suitable for families and first-time buyers.
Ideal For:
✔ Working professionals seeking accessible housing
✔ Families with children
✔ Investors looking for long-term rental prospects
✅ 7. The Reef at King’s Dock – Entry-Level Units Near HarbourFront MRT
Starting Price: From SGD 1.2 million
Location: HarbourFront area, near HarbourFront MRT (Circle Line & North East Line)
Unit Types: 1 to 4-bedroom apartments
The Reef at King’s Dock combines affordable luxury with coastal living, offering panoramic views and world-class amenities at entry-level prices.
Features:
✔ Waterfront living near HarbourFront MRT and ferry terminals
✔ Access to malls like VivoCity and lifestyle hotspots like Sentosa
✔ Modern interiors and resort-style facilities
✔ Entry-level units priced competitively for buyers in premium locations
Pricing:
Starting from SGD 1.2 million, the project makes waterfront living accessible for buyers with modest budgets.
Ideal For:
✔ First-time homeowners seeking lifestyle upgrades
✔ Retirees looking for a scenic living environment
✔ Investors targeting high-demand coastal properties
✅ How to Finance Your Affordable Condo Purchase
Buying the cheapest new launch condo doesn’t mean you can avoid financing challenges. Here’s how to make it manageable:
1. Government Grants
✔ First-time buyers can apply for schemes like the CPF Housing Grant or Additional CPF Housing Grant
✔ Grants can significantly reduce your upfront cost
2. Loan Packages
✔ Banks offer competitive home loan packages with flexible repayment plans
✔ Fixed or floating interest rates tailored to your financial profile
3. Use of CPF
✔ The Central Provident Fund (CPF) allows you to use savings for down payments and monthly mortgage payments
4. Budget Planning
✔ Factor in stamp duties, legal fees, and furnishing costs
✔ Create a structured payment plan that suits your financial situation
✅ Maintenance Tips for Affordable Condos
Owning a budget-friendly property doesn’t mean compromising on upkeep. Here’s how to maintain it well:
✔ Perform regular cleaning to prevent buildup of dust and mold
✔ Conduct periodic checks on plumbing and electrical systems
✔ Engage management services to ensure common areas are well-kept
✔ Stay updated on property maintenance schedules and fees
✔ Use eco-friendly products to extend the lifespan of interiors and reduce costs
Well-maintained condos retain their value and remain attractive to renters and buyers.
📌 Final Thoughts
Finding the cheapest new launch condo in Singapore is a realistic goal with proper research and planning. The developments featured here offer affordable housing options with practical layouts, excellent transport links, and convenient access to schools, shopping, and healthcare.
Whether you’re a first-time homeowner, a family upgrading to a better space, or an investor targeting rental returns, these condos provide the best value without compromising on lifestyle.
Start your journey towards affordable homeownership today by exploring these properties and leveraging financing options tailored to your needs.