1. Are you eligible?
- Singapore Citizens can buy private condos without restriction. There is no ABSD on your first residential property.
- PRs pay 5% ABSD on a first property.
- HDB owners must wait for their flat’s MOP. See the HDB upgrader guide.
2. Work out your budget
Your budget is the lower of two limits:
- Loan limit: banks cap total monthly debt at 55% of gross income, tested at 4% interest. A $10,000 monthly income with no other debts supports a loan of roughly $1.1M – $1.15M over 30 years.
- Funds limit: your cash and CPF must cover 25% of the price plus stamp duty.
Try the affordability calculator, which also shows which One Chuan Grove unit types fit.
3. Know the full cost
| Cost | Typical amount | When |
|---|---|---|
| Booking fee | 5% of price (cash) | Launch day |
| Down payment | 15% (cash/CPF) | Within 8 weeks |
| Buyer’s Stamp Duty | ~3 – 3.5% on $1.5M – $2M | Within 14 days of S&P |
| Legal fees | ~$3,000 – $5,000 | At completion |
| Renovation & furnishing | $30,000 – $100,000+ | Around TOP |
| Maintenance fees | ~$300 – $600 a month (size-dependent) | From TOP |
| Property tax | Owner-occupier rates, low for most units | Yearly from TOP |
4. New launch or resale?
New launch: progressive payment, a fresh lease, new facilities and full choice of units, but you wait about 4 years to move in. Resale: move in now and see exactly what you are buying, but you pay the full price upfront and the lease is shorter. Read new launch vs resale.
5. The buying steps
- Get a bank in-principle approval (IPA)
- Register for the VVIP preview and view the showflat
- Submit an Expression of Interest and join the ballot
- On booking day, choose your unit and pay 5% for the Option to Purchase
- Sign the S&P and pay 15% within 8 weeks
- Pay stamp duty within 14 days of signing
- Progressive payments during construction
- Collect your keys at TOP
Full details are in the new launch buying process guide.