Radix Home Loan and Financing Guide for Singapore Buyers
The Radix Home Loan and Financing Guide helps District 15 property buyers secure optimal financing for units at Radix on Jalan Wakaff. With 2026 home loan rates at 3-year lows (1.4-1.8% fixed), now is an ideal time to finance your purchase of this freehold condo.
Homejourney verifies all listings for safety and trust, ensuring transparent deals. This guide connects to our pillar on Singapore condo for sale strategies, focusing on financing for D15 properties like Radix.
Radix Property Overview
Radix is a boutique freehold condominium developed by Novelty Homes Pte Ltd, completed in 2007 at 8 Wakaff Road, Singapore 428228 (District 15, Marine Parade/East Coast).[1][5] This exclusive 21-unit development spans 5 storeys, offering privacy and prestige in a prime location.
Buyers love Radix for its freehold tenure, rarity in D15, and proximity to East Coast Park. Current PSF ranges from S$1,440 - S$1,586, making it a strong value for buy condo investors.[5] Homejourney's verified listings show available units across 2-4 bedroom layouts.
View all Radix for sale units: Browse Sale Listings on Homejourney.
Current Home Loan Rates in Singapore (2026)
Singapore's home loan rates have dropped sharply, with fixed packages at 1.4-1.8% p.a. (down from 3.1% in early 2025) and 3-month SORA at 1.2-1.34%.[2][3] Banks like DBS and OCBC offer 2-3 year fixed rates from 1.30-1.55%, with cash rebates up to S$2,800 for loans over S$1M.[4]
- Fixed Rates: 2-year at 1.48%, 3-year at 1.50% (popular for stability).[3]
- Floating (SORA): 1M SORA + 0% from 1.14%, ideal for short-term savings.[4]
- Refinancing Trend: HDB owners switching to banks save up to S$4,100/year on S$500k loans.[2]
Fixed loans dominate (4 in 5 buyers), but floating rates gain traction with falling SORA.[9] Use Homejourney's tools for the best fit. Check rates: Bank Rates or Calculate Affordability.
Financing a Radix Unit: Estimated Costs
For a typical 2-bedroom Radix unit (~S$1.95M at S$1,586 PSF), expect these estimates (75% LTV, 25-year loan at 1.5% fixed).[1][6]
- Downpayment: S$487,500 (25%), with min S$97,500 cash (5%); rest from CPF OA.[6]
- Monthly Repayment: ~S$7,500-S$8,000 (S$1.46M loan).[1][8]
- ABSD: 0% for first-time Singaporean PRs; 17% for foreigners (~S$331k extra).[URA guidelines]
| Unit Size | Est. Price | Downpayment (25%) | Monthly (1.5%, 25yrs) |
|---|---|---|---|
| 2BR | S$1.95M | S$487k | S$7,800 |
| 3BR | S$2.5M | S$625k | S$10,000 |
| 4BR | S$3.2M | S$800k | S$12,800 |
Disclaimer: Estimates based on 2026 rates; actuals vary by profile. Consult professionals.
Refinance from HDB (2.6%) to banks for savings—cannot revert to HDB later.[2][3]
Why Finance Radix Now? Location & Investment Perks
Radix on Jalan Wakaff offers unbeatable East Coast lifestyle: 10-min walk to Marine Parade MRT (Thomson-East Coast Line), 5-min drive to Parkway Parade mall.[1] Nearby schools include Victoria Junior College and CHIJ Katong Primary (within 1-2km).
Investment shines with freehold status and D15 demand—rental yields ~3-4%, strong tenant pool from expats. Historical appreciation: PSF up steadily per URA data. Future ECP enhancements boost value.
Read more: Projects or Project Analysis. Related: Radix Price Trends & Market Analysis | Homejourney D15 .
Step-by-Step Buying & Financing Process
- Check Affordability: Use Homejourney calculator; aim for <30% income on repayments.
- Secure Loan: Compare via Bank Rates ; apply pre-approval (1-2 weeks).
- Exercise Option: Pay option fee (1-4%); sign SPA within 14 days.
- CPF/ABSD: Use OA for downpayment; pay ABSD if applicable.
- Legal Completion: 8-12 weeks; drawdown at handover.
Homejourney verifies agents for safe transactions. Schedule a Viewing.
Investment Potential & Risks
Radix yields 3.5% rentals (S$6-8k/month for 3BR), with 5-7% annual appreciation in D15.[URA] Tenant demand high near East Coast. Risks: Rate volatility post-2026; mitigate with fixed packages.
Balanced view: Strong for upgraders/investors, but assess personally. See Radix Unit Types & Size Guide for Buyers | Homejourney D15 .
FAQ: Radix Financing Questions
Q: What's the best loan for a S$2M Radix unit?
A: 2-year fixed at 1.48% (~S$7,900/month); switch to floating if SORA falls further.[3][4]
Q: Can I use CPF for Radix downpayment?
A: Yes, after 5% cash; unlimited OA for purchase, subject to availability.[6]
Q: ABSD for PR buying Radix?
A: 5% on first property; plan accordingly for D15 property investment.
Q: How to find available units at Radix?
A: Search Homejourney: Property Search .
Q: Post-purchase maintenance?
A: Budget for aircon servicing: Aircon Services .
Homejourney prioritizes your safety with verified data. Start your Radix Home Loan and Financing Guide journey: View Radix Units or contact us for trusted guidance.
References
- Singapore Property Market Analysis 1 (2026)
- Singapore Property Market Analysis 5 (2026)
- Singapore Property Market Analysis 2 (2026)
- Singapore Property Market Analysis 3 (2026)
- Singapore Property Market Analysis 4 (2026)
- Singapore Property Market Analysis 9 (2026)
- Singapore Property Market Analysis 6 (2026)
- Singapore Property Market Analysis 8 (2026)