Mortgage rates are one of the biggest factors in the true cost of owning a condominium in Singapore. Whether you are buying your first home or refinancing your existing condo loan, even a small difference in interest rates can translate into tens of thousands of dollars over time.
As of 10 October 2025, the mortgage landscape looks very different from just a year ago. The most competitive condo loan packages are now hovering between 1.5% and 1.6%, depending on the loan size and whether you choose a fixed or floating rate. This article breaks down today’s condo mortgage rates, compares fixed vs. floating packages, and explains how to make the right decision for your needs.
Today’s Condo Loan Rates
Here are the latest indicative rates available across major banks for condominium loans in Singapore.
| Loan Type | S$500K Loan | S$1M Loan | S$2M Loan |
|---|
| 2 year fixed | 1.60% | 1.50% | 1.50% |
| 3 year fixed | 1.60% | 1.55% | 1.50% |
| Floating | 1.61% | 1.56% | 1.56% |
Date: 10 October 2025
Source: Cashew’s database of 500+ loan bank packages from all major banks. Rates are indicative and subject to bank approval.
Best Fixed Rate Condo Mortgages
Fixed rates offer stability and predictability — your monthly repayments remain unchanged during the lock-in period. This makes them popular among condo buyers planning for long-term budgets.
👉 For smaller loan sizes, rates are slightly higher at around ~1.60%. Still, compared to the 3%+ levels in 2023–2024, these are highly competitive.
Best Floating Rate Condo Mortgages
Floating packages are often linked to SORA (Singapore Overnight Rate Average) and typically start lower than fixed loans.
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S$2M loans: 1.56%
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S$1M loans: 1.56%
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S$500K loans: 1.61%
👉 Floating loans are attractive if you expect interest rates to stay stable or fall. However, if global rates rise again, your repayments could increase.
Fixed vs. Floating: Which to Choose?
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Fixed: Great for homeowners who value certainty and want to lock in today’s low rates.
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Floating: Best for those who want the lowest entry point and are comfortable with possible fluctuations.
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Tip: Always check the lock-in period (usually 2–3 years). If you plan to sell your condo or refinance early, breaking the lock-in can cost you a penalty.
Tips to Secure the Best Condo Loan
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Compare across all banks — Cashew tracks 500+ live mortgage packages in real time.
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Look beyond rates: check subsidies, fees, and lock-in clauses.
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Consider refinancing when your lock-in ends — many condo owners save thousands by switching at the right time.
Sarah Chen
