New Home Sales in Singapore decreased to 272 Units in June from 312 Units in May of 2025. This dataset provides - Singapore New Home Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Singapore Real Estate Market Report is Segmented by Property Type (Residential and Commercial), by Business Model (Sales and Rental), by End User (Individuals/Households, Corporates & SMEs and Others), and by Region (Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR)). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

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Singapore Real Estate Market Size 2025-2029

The singapore real estate market size is forecast to increase by USD 62.6 billion at a CAGR of 4.6% between 2024 and 2029.

The market is witnessing significant growth, driven primarily by the burgeoning demand for industrial infrastructure. This trend is fueled by the country's status as a global business hub, attracting numerous multinational corporations seeking to establish a presence. Concurrently, marketing initiatives in the real estate industry are gaining momentum, with developers increasingly adopting innovative strategies to differentiate their offerings and cater to diverse customer segments. However, this market landscape is not without challenges. Regulatory uncertainty looms large, with ongoing debates surrounding potential changes to property cooling measures and land use regulations. These uncertainties could deter investors and developers, potentially hindering market growth. As such, navigating the complex regulatory environment and staying abreast of policy developments will be crucial for companies looking to capitalize on opportunities and mitigate risks in the Singapore Real Estate market.

What will be the size of the Singapore Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The Singapore real estate market exhibits dynamic activity in various sectors. The sub-sale market experiences continuous fluctuations, influenced by property valuation models and market forecasting. Property law plays a crucial role in real estate financing and collective sales, including en bloc and strata title transactions. Property investment funds and real estate syndication provide financing options for freehold and leasehold properties. Real estate litigation arises from property disputes, necessitating ethical conduct in property management services. Proptech adoption streamlines property search engines and portfolio management, while property tax incentives stimulate investment. Rental management services and property insurance mitigate risks in the diverse real estate landscape. Property market trends encompass master plans, property crowdfunding, and real estate marketing strategies.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. AreaResidentialCommercialIndustrialMode Of BookingSalesRental and leaseTypeLanded houses and villasOffice spaceApartments and condominiumsStore spaceOthersPriceMid-tierEntry-levelLuxuryGeographyAPACSingapore

By Area Insights

The residential segment is estimated to witness significant growth during the forecast period.

The Singapore real estate market encompasses various sectors, including residential, commercial, and industrial properties. The residential segment, comprised of apartments, condominiums, single-family homes, and other living arrangements, experiences significant demand due to population growth and the country's robust economy. Urban renewal projects and sustainable development initiatives contribute to the transformation of the property market. Commercial real estate, including office buildings and retail spaces, benefit from the thriving economy and increasing business activities. Property management companies employ technology, such as virtual and augmented reality, to enhance the property buying and selling experience. Real estate investment trusts and funds provide opportunities for investors seeking capital appreciation and rental income. Property prices have been on an upward trend due to high demand and limited supply, with vacancy rates remaining relatively low. Property taxes, stamp duty, and government policies influence the market dynamics. Urban planning and infrastructure development are essential for economic growth and smart city initiatives. Real estate developers and proptech startups leverage technology, including artificial intelligence and big data, to streamline property transactions and enhance property management. The rental market, property valuation, and property development are shaped by various factors, including rental yield, housing affordability, and market sentiment. Land use planning and regulations play a crucial role in shaping the real estate landscape. Capital appreciation and rental income continue to attract investors to the market, with mortgage rates influencing affordability. Smart home technologies and green building standards add value to both residential and commercial properties.

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The Residential segment was valued at USD 100.30 billion in 2019 and showed a gradual increa

Singapore Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by District (Central Business District (CBD), Orchard Road and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_5363b6c403ae9a7d91c387eae64c4fac/view

Singapore Private Residential: Sold data was reported at 5,765.000 Unit in Sep 2018. This records a decrease from the previous number of 7,186.000 Unit for Jun 2018. Singapore Private Residential: Sold data is updated quarterly, averaging 4,356.000 Unit from Mar 1996 (Median) to Sep 2018, with 91 observations. The data reached an all-time high of 14,797.000 Unit in Jun 2007 and a record low of 1,407.000 Unit in Mar 2003. Singapore Private Residential: Sold data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB017: Private Residential Property: Launched and Sold.

Singapore Number of Residential Flats Sold Under Home Ownership Scheme data was reported at 27,708.000 Unit in 2017. This records an increase from the previous number of 21,851.000 Unit for 2016. Singapore Number of Residential Flats Sold Under Home Ownership Scheme data is updated yearly, averaging 21,851.000 Unit from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 81,823.000 Unit in 1984 and a record low of 4,419.000 Unit in 2009. Singapore Number of Residential Flats Sold Under Home Ownership Scheme data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.EB026: Public Housing Statistics. Data as at 31 March of the calendar year

Singapore Private Residential: Sold: Sub Sales data was reported at 81.000 Unit in Sep 2018. This records a decrease from the previous number of 120.000 Unit for Jun 2018. Singapore Private Residential: Sold: Sub Sales data is updated quarterly, averaging 207.000 Unit from Mar 1996 (Median) to Sep 2018, with 91 observations. The data reached an all-time high of 1,892.000 Unit in Jun 2007 and a record low of 49.000 Unit in Mar 2003. Singapore Private Residential: Sold: Sub Sales data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB017: Private Residential Property: Launched and Sold.

The residential statistics were compiled from information in caveats lodged at the option stage with the Singapore Land Registry, supplemented with Stamp Duty data from the Inland Revenue Authority of Singapore, as well as data provided by developers for new sales. A caveat is normally lodged by a purchaser to protect his/her interest of a property shortly after the option to purchase is exercised. The prices in 2009-Q1 are used as the base reference price of the index. The indices are compiled based on a Stratified Hedonic Regression method. The value of properties transacted in the past 5 quarters are used as weights. The weights are revised every 3 years. The latest revision was in 2015-Q1.

The commercial statistics were compiled from information in caveats lodged at the option stage with the Singapore Land Registry. A caveat is normally lodged by a purchaser to protect his/her interest of a property shortly after the option to purchase is exercised. The prices in 1998-Q4 are used as the base reference price of the index (i.e. the index for 1998-Q4 assumes a value of 100).The indices are compiled based on a Moving Average weight method, whereby the value of properties transacted in the past 12 quarters are used as weights.

Singapore Private Residential Unit: SL: New: Sold: Apartment & Condominium data was reported at 2,182.000 Unit in Jun 2018. This records an increase from the previous number of 1,279.000 Unit for Mar 2018. Singapore Private Residential Unit: SL: New: Sold: Apartment & Condominium data is updated quarterly, averaging 1,779.000 Unit from Mar 1997 (Median) to Jun 2018, with 86 observations. The data reached an all-time high of 6,387.000 Unit in Mar 2012 and a record low of 289.000 Unit in Mar 2003. Singapore Private Residential Unit: SL: New: Sold: Apartment & Condominium data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB018: Private Residential: with Sale License.

Singapore Private Residential: Sold: Secondary Market (SM) data was reported at 2,753.000 Unit in Sep 2018. This records a decrease from the previous number of 4,820.000 Unit for Jun 2018. Singapore Private Residential: Sold: Secondary Market (SM) data is updated quarterly, averaging 2,120.000 Unit from Mar 1996 (Median) to Sep 2018, with 91 observations. The data reached an all-time high of 9,668.000 Unit in Jun 2007 and a record low of 664.000 Unit in Mar 1998. Singapore Private Residential: Sold: Secondary Market (SM) data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB017: Private Residential Property: Launched and Sold.

Singapore Private Residential Unit: Sale Licence (SL): New: Total data was reported at 3,754.000 Unit in Sep 2018. This records an increase from the previous number of 2,437.000 Unit for Jun 2018. Singapore Private Residential Unit: Sale Licence (SL): New: Total data is updated quarterly, averaging 2,151.000 Unit from Mar 1995 (Median) to Sep 2018, with 95 observations. The data reached an all-time high of 6,903.000 Unit in Mar 2012 and a record low of 506.000 Unit in Mar 2003. Singapore Private Residential Unit: Sale Licence (SL): New: Total data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB018: Private Residential: with Sale License.

Singapore Private Residential Unit: SL: New: Sold: Detached House data was reported at 1.000 Unit in Dec 2017. This stayed constant from the previous number of 1.000 Unit for Sep 2017. Singapore Private Residential Unit: SL: New: Sold: Detached House data is updated quarterly, averaging 1.000 Unit from Mar 1997 (Median) to Dec 2017, with 69 observations. The data reached an all-time high of 42.000 Unit in Jun 1997 and a record low of 0.000 Unit in Mar 2011. Singapore Private Residential Unit: SL: New: Sold: Detached House data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB018: Private Residential: with Sale License.

Singapore Private Residential: Sold: Re Sales: Outside Central Region data was reported at 1,397.000 Unit in Sep 2018. This records a decrease from the previous number of 2,388.000 Unit for Jun 2018. Singapore Private Residential: Sold: Re Sales: Outside Central Region data is updated quarterly, averaging 1,202.000 Unit from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 3,537.000 Unit in Jun 2007 and a record low of 463.000 Unit in Mar 2014. Singapore Private Residential: Sold: Re Sales: Outside Central Region data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB017: Private Residential Property: Launched and Sold.

Singapore Private Residential: Sold: Re Sales data was reported at 2,672.000 Unit in Sep 2018. This records a decrease from the previous number of 4,700.000 Unit for Jun 2018. Singapore Private Residential: Sold: Re Sales data is updated quarterly, averaging 1,864.000 Unit from Mar 1996 (Median) to Sep 2018, with 91 observations. The data reached an all-time high of 7,776.000 Unit in Jun 2007 and a record low of 461.000 Unit in Mar 1998. Singapore Private Residential: Sold: Re Sales data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB017: Private Residential Property: Launched and Sold.

Singapore Private Residential: Sold: Re Sales: Core Central Region data was reported at 540.000 Unit in Sep 2018. This records a decrease from the previous number of 912.000 Unit for Jun 2018. Singapore Private Residential: Sold: Re Sales: Core Central Region data is updated quarterly, averaging 599.000 Unit from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 1,816.000 Unit in Jun 2007 and a record low of 133.000 Unit in Dec 2008. Singapore Private Residential: Sold: Re Sales: Core Central Region data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB017: Private Residential Property: Launched and Sold.

Singapore Private Residential Unit Sale License (SL): Apartment data was reported at 21,731.000 Unit in Sep 2018. This records an increase from the previous number of 19,318.000 Unit for Jun 2018. Singapore Private Residential Unit Sale License (SL): Apartment data is updated quarterly, averaging 13,619.000 Unit from Mar 2000 (Median) to Sep 2018, with 74 observations. The data reached an all-time high of 24,020.000 Unit in Sep 2013 and a record low of 3,415.000 Unit in Mar 2000. Singapore Private Residential Unit Sale License (SL): Apartment data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB018: Private Residential: with Sale License.

Singapore Private Residential Unit: SL: Apartment: Sold data was reported at 10,244.000 Unit in Sep 2018. This records an increase from the previous number of 9,538.000 Unit for Jun 2018. Singapore Private Residential Unit: SL: Apartment: Sold data is updated quarterly, averaging 8,586.000 Unit from Mar 2000 (Median) to Sep 2018, with 74 observations. The data reached an all-time high of 16,030.000 Unit in Jun 2013 and a record low of 1,052.000 Unit in Sep 2000. Singapore Private Residential Unit: SL: Apartment: Sold data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB018: Private Residential: with Sale License.

Singapore Private Residential: Sold: Sub Sales: Core Central Region data was reported at 7.000 Unit in Sep 2018. This records a decrease from the previous number of 10.000 Unit for Jun 2018. Singapore Private Residential: Sold: Sub Sales: Core Central Region data is updated quarterly, averaging 53.000 Unit from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 1,039.000 Unit in Jun 2007 and a record low of 0.000 Unit in Mar 2016. Singapore Private Residential: Sold: Sub Sales: Core Central Region data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB017: Private Residential Property: Launched and Sold.

Singapore Private Residential: PS: Government Land Sales Projects data was reported at 30,330.000 Unit in Sep 2018. This records a decrease from the previous number of 30,415.000 Unit for Jun 2018. Singapore Private Residential: PS: Government Land Sales Projects data is updated quarterly, averaging 22,615.000 Unit from Mar 2002 (Median) to Sep 2018, with 67 observations. The data reached an all-time high of 52,041.000 Unit in Dec 2013 and a record low of 8,744.000 Unit in Dec 2005. Singapore Private Residential: PS: Government Land Sales Projects data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB014: Property Potential Supply: Private Residential.