What is the best mortgage rate for new launches?

The best mortgage rates for new launches in Singapore currently start from around 1.70% for fixed-rate packages offered by major banks, with some floating-rate packages being slightly lower and pegged to the prevailing SORA benchmark. Fixed rates are usually available for a tenure of up to five years before reverting to a floating rate. These attractive rates are typically offered for higher loan amounts, such as $500,000 and above, and are subject to specific eligibility criteria.

For buyers of new launch condos, it is important to compare loan packages across different banks, taking into account factors such as lock-in periods, flexibility, legal subsidies, and any promotional offers. EdgeProp Singapore provides tools like mortgage calculators and property affordability guides that are useful for evaluating your financing options. Always check the latest updates from EdgeProp Singapore, as mortgage rates are subject to change depending on market conditions and central bank policy in Singapore.