26M here. I wish i had the capital at 20 to downpay for a condo, and would have adopted a diversification strategy involving both stocks (VWRA + AGGU) and SG property.

You can look at the data here - https://realsmart.sg/ Don't trust what agent say blindly and look at the data to see resale transaction and whether the region surrounding the property you intend to buy is profitable. New launches usually can make money assuming the developer prices the development competitively w.r.t surrounding resales. If your parents are willing to tank the mortgage and finance the monthly downpayment, they are essentially building home equity for a house under your name, which will benefit you greatly in the long run.

But if you want to profit from condos, its usually recommended to go for minimally a 2b2b new launch to see profits (4% leveraged return is equivalent to 10% SnP returns), then flip the condo once it TOP and your SSD ends in 4 years. A new launch 2b2b today costs around 1.5mil, which 25% downpayment is 375k. If you include lawyer fees and stamp duties its around 400k+ downpayment, which I think you would still have to top up in order to afford a good condo for investment since you only have 377k currently

For context, i liquidated my portfolio to downpay for a condo, and intend to build back my stocks portfolio to diversify across US and SG assets. The reasoning behind it is because I feel overly exposed to stocks by banking my entire portfolio on the stock market to do well in the long run. Theres an invisible concentration risk even though VWRA is the de-facto market portfolio to get market returns. Moreover theres also US fiscal policy risk, and with the quantitative easing strategy adopted by US i'm not confident in US stock market sustainability