What is SORA and how does it affect my mortgage?

SORA (Singapore Overnight Rate Average) is the volume-weighted average rate of unsecured overnight interbank Singapore Dollar transactions. Most Singapore floating-rate home loans are now pegged to the 3-month compounded SORA plus a bank spread (typically 0.8%–1.2%). When SORA rises, your monthly repayment rises if you are on a floating-rate loan.

How often does the SORA rate change?

MAS publishes the daily SORA rate every business day. The 3-month compounded SORA — which most home loans reference — is a rolling 3-month average of daily SORA rates. PropKaki tracks and displays the quarterly average of the 3-month compounded SORA, updated automatically after each MAS data release.

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What is the current SORA rate in Singapore?

The latest 3-month compounded SORA rate from official MAS data, with illustrative monthly repayments at the current rate. Updated automatically each quarter.

At a glance

The 3-month compounded SORA rate in Singapore is 1.06% as of Q2 2026, according to the Monetary Authority of Singapore (MAS). This is 0.07 percentage points lower than the previous quarter. Compared to a year ago, SORA is 1.26 percentage points lower. SORA (Singapore Overnight Rate Average) is the benchmark interest rate used by most Singapore banks for floating-rate home loans.

Current rate at a glance

Metric	Value	As of
3-month compounded SORA	1.06%	Q2 2026
Change vs previous quarter	-0.07 pp	—
Change vs one year ago	-1.26 pp	—

Illustrative monthly repayments at 2.06% (SORA + 1% spread, 25-year tenure)

Loan amount	Illustrative monthly repayment
S$500k	S$2,134/month
S$750k	S$3,201/month
S$1000k	S$4,268/month
S$1500k	S$6,402/month

Illustrative only — not a loan quotation or financial advice. Assumes a 1% illustrative bank spread above 3-month compounded SORA, 25-year tenure, monthly compounding. Actual repayments depend on your bank's spread, tenure, and loan structure.

What is SORA and why does it matter for property buyers?

SORA (Singapore Overnight Rate Average) is the volume-weighted average rate of unsecured overnight interbank Singapore Dollar transactions, published daily by MAS. Since 2021, it has replaced SIBOR as the primary benchmark for floating-rate home loans in Singapore.

Most banks offer home loans pegged to the 3-month compounded SORA plus a fixed bank spread (typically 0.8%–1.2%). As SORA moves, your monthly repayment moves with it — making SORA one of the most practically important numbers for any Singapore property buyer or existing homeowner on a floating-rate loan.