Mortgage for New Launch vs Resale Property: Bank Rate Comparison Guide
New launch properties typically offer BUC loans with progressive payments and rates starting from 1.45% fixed, while resale properties get completed property loans with rates from 1.48% for resale condos. This guide compares bank rates across DBS, OCBC, UOB, HSBC and more, helping Singapore buyers choose wisely. At Homejourney, we prioritize your safety with verified rates and multi-bank applications for the best deals.
As part of our comprehensive New Launch vs Resale Property Mortgages: Homejourney Guide 2025, this cluster dives into tactical bank rate comparisons. Use Homejourney's real-time tools at https://www.homejourney.sg/bank-rates to compare instantly and apply via Singpass.
Key Differences: New Launch Mortgage vs Resale Property Loan
New launch mortgages, or BUC (Buyer’s Under Construction) loans, fund progressive payments from 5% at OTP to 60% at TOP over 2-3 years. Interest accrues only on disbursed amounts, making early rates less critical. Resale property loans disburse fully upfront for completed homes like HDB resale flats or condos, with immediate full interest.
Progressive payment schedule example:
- OTP: 5% cash
- SPA (8 weeks): 15%
- Foundation/TOP stages: Up to 25% each
- Completion: 15%
- Total: 100%[1]
Resale loans suit HDB flats with 5-year MOP, favoring stable fixed rates amid high SORA (3M SORA at ~3.02% in Jan 2025)[4]. Homejourney verifies these for trust—calculate your fit at https://www.homejourney.sg/bank-rates#calculator.
Current Bank Rates Comparison (Dec 2025)
Rates have fallen to 2.5-2.75% overall, with fixed packages leading[4]. Below are top rates for $500k+ loans from Homejourney partners. Always check Homejourney bank rates for live updates.
Best Fixed Rates for Resale Condo/Landed (Completed Property Loan)
| Bank | Loan Type | Year 1 | Year 2 |
|---|---|---|---|
| Promo | 2 Yr Fixed | 1.48% | 1.48% |
| Promo | 2 Yr Fixed | 1.50% | 1.50% |
| Promo | 1+1 Yr Fixed | 1.55% | 1.55% |
| DBS | 3 Yr Fixed | 1.80% | 1.80% |
[1] DBS leads for HDB resale at 1.70% 3-yr fixed[1].
Best Fixed Rates for Resale HDB
| Bank | Loan Type | Year 1 | Year 2 |
|---|---|---|---|
| Promo | 2 Yr Fixed | 1.55% | 1.55% |
| Maybank | 2 Yr Fixed | 1.65% | 1.65% |
| DBS | 3 Yr Fixed | 1.70% | 1.70% |
Best Fixed Rates for New Launch (BUC Loan)
| Bank | Loan Type | Year 1 (EMI) | Year 2 |
|---|---|---|---|
| Promo | 2 Yr Fixed | 1.45% | 1.45% |
| OCBC | 2 Yr Fixed | 1.65% | 1.65% |
| DBS | 3 Yr Fixed | 1.70% | 1.70% |
OCBC and DBS dominate new launches with strong SGD funding[2]. Floating options tie to SORA +0.25% (~1.43% effective)[2]. Compare all at Homejourney—let banks compete for you.
Bank-by-Bank Breakdown: Pros, Cons & Best For
DBS: Market leader with fixed rates from 1.70%. Pros: Stable funding, HDB expertise. Cons: Higher minimums. Best for resale HDB upgraders[1].
OCBC: New launch specialist at 1.65% 2-yr fixed. Pros: Fast approvals, Singpass integration. Cons: Lock-in penalties. Best for BUC progressive payments[1].
UOB: Competitive floating SORA+ rates. Pros: Refi rebates $2,000+. Cons: Variable risk. Best for investors[2].
HSBC, Standard Chartered, Maybank offer promos 1.48-1.65% with cashback $2,300+ for $1M+ loans. Use Homejourney's multi-bank submission—one app, multiple offers.
Actionable Steps: Choose Your Mortgage
- Assess type: New launch? Prioritize BUC flexibility. Resale? Lock fixed for stability.
- Compare on Homejourney: Visit https://www.homejourney.sg/bank-rates for real-time rates from all partners.
- Calculate eligibility: Use our calculator at https://www.homejourney.sg/bank-rates#calculator—input income, find budget.
- Apply via Singpass: Auto-fill, submit to DBS/OCBC/UOB simultaneously for best offers.
- Track SORA: Monitor live rates on Homejourney to time repricing.
Insider tip: For OCR new launches (~$2,100 PSF[5]), pair low BUC rates with HDB grants up to $50k[1]. Search budget-fit properties at https://www.homejourney.sg/search.
Disclaimer: Rates as of Dec 2025; subject to change. Homejourney provides info, not advice—consult professionals. Data from MAS/HDB-aligned sources[1][2][4].
FAQ: Mortgage for New Launch vs Resale Property
Which has lower rates: new launch mortgage or resale property loan?
New launches often start lower (1.45%) due to progressive drawdown, but resale fixed rates match closely at 1.48-1.70%[1]. Compare on Homejourney.
Best bank for BUC loan?
Promo/DBS/OCBC at 1.45-1.65%. Use Homejourney for multi-bank bids[1].
Can I switch from floating to fixed for resale?
Yes, reprice penalty-free after lock-in. Track via Homejourney SORA tools[2].
How does Homejourney make applying safe?
Singpass auto-fill, verified rates, one app for all banks—prioritizing your security and trust.
Refinancing resale condo—worth it?
With rates at 2.5%, yes for high SORA loans. See New Launch vs Resale Mortgage: Boost Approval Odds[4].
Ready to secure the best mortgage for new launch or resale? Start at Homejourney bank rates today. Link back to our pillar for full coverage: New Launch vs Resale Property Mortgages Guide.
