Condo & Private Rates

Condo and private property loan rates

Compare the latest condo and private property mortgage rates across floating, 2-year fixed, 3-year fixed, and 5-year fixed packages from all major banks in Singapore.

Updated: 3 Nov 2026

Compare Condo Home Loan Rates

View the best available rates for condominiums and private properties across 2-year fixed, 3-year fixed, 5-year fixed, and floating rate packages. All rates shown are from major Singapore banks for both purchase and refinance of private properties.

Rate Type	Year 1 Rate	Avg. Rate
2-year Fixed Lock-in: 2 years	1.85% per annum	1.85% over 2 years lock-in
3-year Fixed Lock-in: 3 years	1.85% per annum	1.85% over 3 years lock-in
Floating No lock-in	3M SORA + 0.00% Currently 1.30% p.a.	1.30% No lock-in

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Understanding Condo Home Loan Rates in Singapore

Financing a condominium or private property involves different considerations compared to HDB flats. From higher loan amounts to ABSD implications, here's what you need to know about condo mortgage rates.

Private Property Financing Basics

Condo financing typically involves higher loan amounts and different risk assessments by banks. You'll have access to a wider range of loan packages, but banks will scrutinize your income and debt-to-income ratio more carefully. Consider your long-term financial capacity when choosing loan amounts.

Floating Rate Mortgages for Condos

Floating rates for private properties are typically pegged to SORAor proprietary benchmarks. Given the higher loan amounts involved, even small rate changes can significantly impact your monthly payments. Floating rates work well if you expect rates to decline or plan to refinance within a few years.

2-Year Fixed Rate Mortgages

A 2-year fixed rate provides short-term payment certainty, which is valuable when managing larger mortgage amounts. This option is popular among condo buyers who want initial stability while maintaining flexibility to capitalize on rate changes after the fixed period.

3-Year Fixed Rate Mortgages

A 3-year fixed rate offers longer-term protection against rate volatility. For high-value condo purchases, this stability can be crucial for financial planning. While initial rates may be higher, you gain peace of mind against rising interest rates.

5-Year Fixed Rate Mortgages

A 5-year fixed rate provides maximum long-term stability for private property financing. For high-value condo purchases, this extended protection can be crucial for financial planning over a longer horizon. While initial rates may be higher, you gain maximum protection against rate volatility.

ABSD and Financing Implications

Additional Buyer's Stamp Duty (ABSD) affects your upfront costs
Second property purchases face higher ABSD rates
Foreign buyers have additional ABSD considerations
Factor ABSD into your total financing needs and loan-to-value calculations

New Launch vs Resale Condo Financing

New Launch: Progressive payment schemes allow for staged financing. Consider interest-during-construction and plan for rate changes during the construction period.

Resale Condo: Immediate full financing required. Focus on pre-approved packages and ensure quick processing to meet completion timelines.

Investment vs Owner-Occupied Considerations

Investment properties may face different rate structures
Consider rental yield potential when choosing loan tenure
Factor in property tax and maintenance costs
Plan for vacancy periods and their impact on mortgage payments

Questions, answered

How much can I borrow for a condo?

On your first housing loan, banks can lend up to 75% of the price or valuation, whichever is lower, if the loan ends by age 65 and runs no longer than 35 years. The limit falls to 45% for a second housing loan and 35% for a third. Your total monthly debt repayments also cannot exceed 55% of your income (the Total Debt Servicing Ratio).

Can I use CPF to buy a condo?

Yes. On a first loan of 75%, at least 5% of the price must be paid in cash and the rest of the downpayment can come from your CPF Ordinary Account. CPF can also pay your monthly instalments, within limits that depend on the remaining lease and your age.

Are new launch condo rates different from resale?

Yes. Banks price packages for properties under construction separately from completed ones. For a new launch, the bank releases the loan in stages as the building progresses, and you only pay interest on what has been released so far.

Does the home loan cover ABSD?

No. Additional Buyer's Stamp Duty (ABSD) must be paid within 14 days of signing, on top of your downpayment, and the bank will not lend for it. Budget for it before you choose a loan amount.

Should I choose a fixed or floating rate for a condo?

With a larger loan, a small rate change moves your instalment more, so many condo buyers fix for the first two or three years. Floating suits you if you can absorb a higher instalment for a while, in return for paying less when rates fall.