What are the current mortgage interest rates for Singapore real estate?

Current mortgage interest rates in Singapore have been trending down in 2025, with banks now offering some of the most competitive packages in recent years. Fixed home loan rates currently start from around 1.35% to 1.70% for those who qualify, especially for larger loan amounts. The lowest floating rates are pegged to SORA (Singapore Overnight Rate Average), with packages offering spreads as low as SORA plus 0.25%, resulting in effective rates starting from about 1.52% to 1.85%. For most borrowers, typical fixed and floating rates are between 1.7% to 2.75% depending on the loan package and borrower profile.

Market analysts and recent forecasts suggest that mortgage rates could fall further in the months ahead, with some projections indicating that fixed rates may dip below 2% over the next year as Singapore’s interest rates follow the downward trend of global benchmarks. The current three-month compounded SORA benchmark has also moderated significantly through 2025.

If you are considering a new mortgage or refinancing, this is an opportune time to compare rates, as banks are offering very attractive packages in response to falling cost of funds. For the latest and most accurate rates, always refer to EdgeProp Singapore or consult with mortgage professionals.