What is the loan rate for properties in Singapore

The current home loan rates in Singapore for property purchases depend on whether you are taking a bank loan or an HDB loan. The fixed rates from banks typically start from about 1.70% for larger loan amounts (above $500,000), while floating rates are pegged to the 1-month or 3-month SORA (Singapore Overnight Rate Average) plus a spread, with recent packages starting from about 1.85%. Fixed rate packages from major banks for completed residential properties are usually offered for 2 years or up to 5 years before reverting to floating rates.

For HDB concessionary loans, the interest rate is fixed at 2.6%, which is higher than most current bank loan rates but is known for its stability and more lenient terms for buyers of HDB flats.

These rates may change from time to time and can vary depending on the bank, the loan size, tenure, and whether the loan is for a private property or an HDB flat. Most banks now use SORA as the benchmark for floating rate loans in line with MAS regulations.

For the most accurate and updated mortgage packages and to compare across banks, you should refer to recent listings and consult a mortgage specialist—EdgeProp Singapore provides tools for this as well as information on the latest property loans in the market.