How New Launch Balloting Works — A Step-by-Step Guide

New launch condos in Singapore are sold at a launch event where demand often exceeds available units, so developers use a balloting system to allocate the order of unit selection. Understanding the process helps you prepare and improves your chances of securing the unit you want.

1. Preview & e-application

Before launch day, developers hold previews where you can view the showflat, floor plans and the indicative price list. If you're keen, you submit an e-application (blank cheque / expression of interest) indicating the unit types you're interested in.

2. Balloting for priority

When applications exceed units, a computerised ballot decides the queue order — not which unit you get. Your ballot position determines when you're called to choose from whatever remains available.

3. Unit selection day (booking)

On launch day, buyers are called in ballot order. When it's your turn, you select your preferred available unit and pay the booking fee (typically 5% of the purchase price) to secure it and receive the Option to Purchase (OTP).

4. After booking

• Within ~3 weeks: Exercise the OTP and pay the balance of the downpayment.
• Stamp duties: BSD (and ABSD, if applicable) are due shortly after.
• Progressive Payment Scheme: For projects under construction, you pay in stages as construction hits milestones, which eases early cash flow.

5. How to improve your odds

• Get your finances ready early — in-principle loan approval and cheque/funds in place.
• Have a first, second and third choice unit; popular stacks go fast.
• Be decisive on selection day — hesitation can cost you the unit.

Balloting decides your turn, not your unit. Preparation and a clear backup choice are what actually get you the home you want.

Conclusion

New launches move quickly and reward preparation. Get financing sorted, study the stacks, and go in with ranked choices.