Illustrative imageHome loans in Singapore come in two broad families, floating and fixed, and a Stacked Homes article of 8 October 2026 set out where each family was priced at the time of the report. The figures, supplied by a mortgage advisory and dated 28 September 2026, show how each type is built and why borrowers leaned one way over the year.
Floating and fixed ranges, set out for Chencharu Central Residences readers
Floating packages sat at about 1.40% to 1.60%, according to Stacked Homes. They are pegged either to SORA or to a bank board rate, so the rate paid follows the reference rate as it moves. A fixed package holds one rate for the length of its lock-in instead. Stacked Homes listed two-year fixed packages at about 1.50% to 1.80% for larger loans and about 1.80% to 2.00% for smaller ones.
Longer lock-ins carried higher rates in that snapshot. Three-year fixed packages were about 1.85% for larger loans and above 2.05% for most typical loans, while five-year fixed packages were at about 2.08%, Stacked Homes reported. Size matters across every type, since the lowest rates often call for larger loans.
Chencharu Central Residences readers and the SORA reference rate
SORA, the benchmark behind many floating packages, tends to move more slowly than US rates. Stacked Homes explained the reason: MAS manages the Singapore dollar exchange rate rather than interest rates. At the time of the report, three-month compounded SORA was about 1.23% and the one-month rate sat above it, a gap Stacked Homes said usually signals upward pressure on floating rates. The article tied that backdrop to a US Federal Reserve rate hike in September 2026 and to banks pricing in further increases.
Lock-in and exit terms, as Chencharu Central Residences readers may meet them
The two families also differ in how a borrower can leave. Stacked Homes highlighted a redemption penalty of 1.50% of the amount prepaid, free conversion after 12 months in some packages and penalty-free partial prepayment at some banks. When a lock-in ends, the rate can reset to SORA plus a high spread.
Borrower choices tracked the pricing. Stacked Homes found that the share taking a two-year fixed rate rose from 23% in January 2026 to 59% in September 2026, while the typical accepted two-year rate edged from 1.45% to 1.50% across those months.
Chencharu Central Residences is the private residential part of a mixed development at Chencharu Close, Yishun, in HDB's new Chencharu Town, District 27. 875 homes on a 99-year lease from 24 December 2025 are planned above a podium with a bus interchange, a hawker centre and commercial space including a supermarket. Gamuda Land, Evia Real Estate and Ho Lee Group form the developer joint venture. Khatib MRT (NS14) is about 6 minutes away on a fully sheltered walk, upon completion of the development, with Peiying Primary School next to the site; the location page and home page have more.
Preview registration is open, and registrants receive the e-brochure and floor plans as the developer releases them; contact the Sales Concierge.
Source: Stacked Homes, 8 October 2026; data as at 28 September 2026.
General information only, not financial or legal advice.
Source: Stacked Homes. This article is independent commentary; Chencharu Central Residences is not affiliated with the parties mentioned.
Talk to the Chencharu Central Residences Sales Concierge
The Sales Concierge sends the e-brochure, floor plans and price list for Chencharu Central Residences as they are released, and arranges a private preview viewing.