What is the cost for buying a new launch condo

The cost for buying a new launch condo includes several components:

1) Booking Fee: 5% of the purchase price, paid in cash upon exercising the option.
2) Buyer's Stamp Duty (BSD):
- 1% of the first S$180,000
- 2% of the next S$180,000
- 3% of the next S$640,000
- 4% of the next S$500,000
3) Downpayment: 25% of the purchase price (5% in cash, 20% in cash/CPF).
4) Legal Fees: Approximately $3500, payable in cash/CPF.
5) Valuation Fee: Approximately $400, payable in cash/CPF.

Additionally, there are progressive payments based on construction milestones and completion milestones.

Enjoy your journey in finding the perfect new launch condo!