Top New Launch Condos Under $2 Million Singapore in 2026
As Singapore’s property market evolves, the search for an affordable yet high-potential new launch condo remains top of mind for many buyers. With prices climbing across the island, securing a new launch condo under 2 million Singapore dollars in 2026 may seem daunting—but it’s still possible.
This guide highlights six promising developments launching in 2025–2026 that fall comfortably within the S$2 million budget. Whether you’re a first-time buyer, an HDB upgrader, or an investor eyeing rental yield and capital growth, these projects offer compelling value in strategic locations across the island.
1. Chencharu Close Residences
Located in the serene Sengkang area, Chencharu Close Residences is a low-density condo offering spacious 2- to 4-bedroom units. With proximity to Sengkang MRT, Compass One mall, and future Punggol Digital District, it’s perfect for growing families seeking tranquility without sacrificing connectivity.
Expected PSF: ~S$1,350
1-Bedroom Price Range: From S$780,000
3-Bedroom Price Range: From S$1.45 million
Developer: GuocoLand
2. Canberra Drive EC
This upcoming Executive Condominium in Sembawang blends public housing affordability with private condo luxury. ECs like this require a 5-year Minimum Occupation Period (MOP) but offer significant savings—ideal for young couples or singles upgrading from HDB.
Expected PSF: ~S$980
3-Bedroom Price Range: From S$1.15 million
4-Bedroom Price Range: From S$1.55 million
Developer: CapitaLand Development + CDL
3. AMK One Residence
Nestled in the heart of Ang Mo Kio, AMK One Residence offers urban convenience with access to AMK Hub, Ang Mo Kio MRT, and upcoming Thomson-East Coast Line stations. Modern amenities and well-designed layouts make it a favorite among first-timers and investors.
Expected PSF: ~S$1,420
2-Bedroom Price Range: From S$1.1 million
3-Bedroom Price Range: From S$1.5 million
Developer: Tengah Development Pte Ltd
4. Hudson Place Residences
Adjacent to Tiong Bahru MRT and near the Central Business District, Hudson Place Residences brings boutique living to a heritage-rich enclave. Though a smaller project, its freehold status and central location offer strong long-term investment potential.
Expected PSF: ~S$2,200
1-Bedroom Price Range: From S$1.3 million
2-Bedroom Price Range: From S$1.85 million
Developer: GuocoLand
5. Miltonia Close EC
Another Executive Condominium option, Miltonia Close EC in Bishan delivers premium finishes and lush landscaping at a fraction of private condo costs. Bishan’s mature estate, excellent schools, and dual MRT lines (NS and CCL) add to its appeal.
Expected PSF: ~S$1,050
3-Bedroom Price Range: From S$1.25 million
4-Bedroom Price Range: From S$1.65 million
Developer: UOL Group
6. Hougang Central GLS
The latest Government Land Sales (GLS) site in Hougang promises a well-connected, family-friendly development near Hougang MRT and Kovan City. With Northeast Line access and upcoming infrastructure upgrades, this project is a strategic buy for budget-conscious upgraders.
Expected PSF: ~S$1,200
2-Bedroom Price Range: From S$950,000
3-Bedroom Price Range: From S$1.35 million
Developer: TBC (Expected: City Developments Limited)
Price Comparison Table: New Launch Condos Under $2M (2026)
| Project | Location | Type | Expected PSF | 3-Bed Price (Est.) |
|---|---|---|---|---|
| Chencharu Close Residences | Sengkang | Condo | S$1,350 | From S$1.45M |
| Canberra Drive EC | Sembawang | EC | S$980 | From S$1.15M |
| AMK One Residence | Ang Mo Kio | Condo | S$1,420 | From S$1.5M |
| Hudson Place Residences | Tiong Bahru | Condo (Freehold) | S$2,200 | From S$1.9M* |
| Miltonia Close EC | Bishan | EC | S$1,050 | From S$1.25M |
| Hougang Central GLS | Hougang | Condo | S$1,200 | From S$1.35M |
*Hudson Place 2-bedroom units start from S$1.85M; 3-bedroom may exceed S$2M depending on floor and orientation.
Who Should Buy These Projects?
For HDB Upgraders
If you’re selling your HDB flat (especially a 4- or 5-room unit), you likely have equity to upgrade. ECs like Canberra Drive EC and Miltonia Close EC offer exceptional space and facilities at subsidized prices—just remember the 5-year MOP. For immediate private condo living, consider Hougang Central GLS or Chencharu Close Residences, where 3-bedroom units stay under S$1.6M.
For First-Time Buyers
First-timers without massive CPF savings can still enter the market with 1- or 2-bedroom units in projects like AMK One Residence (from S$1.1M) or Hougang Central GLS (from S$950K). These locations offer MRT access, community amenities, and strong rental demand—ideal if you plan to rent out a room to offset mortgage costs.
For Property Investors
Investors should prioritize rental yield and capital appreciation. Hudson Place Residences in Tiong Bahru offers freehold status and proximity to the CBD—great for expat tenants. Meanwhile, AMK One Residence and Chencharu Close benefit from upcoming infrastructure (e.g., Punggol Digital District), which could boost long-term value. ECs are less liquid during the MOP but often outperform private condos post-MOP.
FAQs: New Launch Condo Under 2 Million Singapore
Can I really find a new launch condo under S$2 million in 2026?
Yes! While prices have risen, several new launch condos and Executive Condominiums (ECs) in non-core central regions—like Sengkang, Ang Mo Kio, Hougang, and Sembawang—still offer units under S$2 million, especially 1- to 3-bedroom configurations.
What’s the difference between a condo and an EC under this budget?
Executive Condominiums (ECs) are hybrid public-private housing with subsidies, so they cost 20–30% less than private condos. However, ECs have a 5-year Minimum Occupation Period (MOP) and can only be sold to Singaporeans during that time. After 10 years, they become fully privatized.
Do I need a huge down payment for these projects?
For private condos, the minimum cash down payment is 5% of the purchase price (e.g., S$50,000 for a S$1M unit), plus another 20% from CPF or cash. For ECs, Singaporeans can use CPF Housing Grants (up to S$80,000) to reduce upfront costs significantly.
Which of these projects offer the best rental yield?
Projects near MRT stations and employment hubs typically yield 3–4% gross rental returns. AMK One Residence, Hougang Central GLS, and Chencharu Close Residences are strong contenders due to high demand from young professionals and families. Hudson Place Residences may attract premium tenants but commands higher entry prices.
When will these 2026 launches be available for booking?
Most projects listed are expected to launch between Q3 2025 and Q2 2026. Canberra Drive EC and Miltonia Close EC are likely to open for application in late 2025, while private condo launches (e.g., AMK One, Hudson Place) may begin sales earlier in 2025. Early registration is recommended.
Ready to Secure Your New Launch Condo Under $2 Million?
The window for sub-S$2M new launches is narrowing—but not closed. With strategic location picks, smart financing, and timely action, you can still land a high-quality home in 2026.
Get priority access and personalized advice from Alvin Tan, CEA Registered Property Agent (R072324C) with ERA Realty Network Pte Ltd (L3002382K). Message him directly on WhatsApp for project brochures, launch timelines, and eligibility checks:
Chat with Alvin Tan on WhatsApp
Don’t wait—units in these sought-after developments sell fast. Plan ahead, get pre-approved, and position yourself to move quickly when launches open!
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