Key information about House Prices Growth

• Singapore house prices grew 3.9% YoY in Dec 2024, following an increase of 4.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1976 to Dec 2024, with an average growth rate of 4.9%.
• House price data reached an all-time high of 102.0% in Mar 1981 and a record low of -34.0% in Dec 1998.

Graph and download economic data for Residential Property Prices for Singapore (QSGN628BIS) from Q1 1998 to Q2 2025 about Singapore, residential, HPI, housing, price index, indexes, and price.

Housing Index in Singapore increased to 210.70 points in the first quarter of 2025 from 209.40 points in the fourth quarter of 2024. This dataset provides the latest reported value for - Singapore Property Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

House Price Index MoM in Singapore decreased to 0.90 percent in the third quarter of 2025 from 1 percent in the second quarter of 2025. This dataset includes a chart with historical data for Singapore Residential Property Price Index MoM.

As of 1st January 2025, the average resale price of a Housing Development Board (HDB) 4-room flat was at ******* Singapore dollars. The resale price of such flats had increased by about ******* Singapore dollars since 2017. HDB is responsible for managing Singapore's government housing, and cater to all income levels in Singapore. HDB flats range from 1-room apartments to large, multi-generational apartments. Around ** percent of the Singapore population live in HDB flats. Citizens who wish to purchase a new flat would need to apply for a built-to-order (BTO) apartment.

Residential Property Prices in Singapore increased 3.45 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Singapore Residential Property Prices.

The average for 2021 based on 10 countries was 49.666 index points. The highest value was in Singapore: 135 index points and the lowest value was in Thailand: 25.94 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

Real residential property prices Y-on-Y, percent change in Singapore, June, 2025 The most recent value is 2.62 percent as of Q2 2025, an increase compared to the previous value of 2.31 percent. Historically, the average for Singapore from Q1 1999 to Q2 2025 is 2.18 percent. The minimum of -25.03 percent was recorded in Q2 2009, while the maximum of 34.09 percent was reached in Q2 2010. | TheGlobalEconomy.com

In 2024, the home ownership rate among residents in Singapore was at 90.8 percent, an increase from the previous year. Singapore has high rates of home ownership, despite being among the world’s most expensive property markets. Singapore’s public housing policy hinges on high rates of home ownership Home ownership is seen as key to nation-building in Singapore, and thus makes up the core of its public housing policy. The Home Ownership Scheme, introduced in 1964, provides grants and subsidies to Singaporean citizens planning to purchase a housing unit under the management of the Housing Development Board (HDB). As a result, 80 percent of the residents in Singapore live in public housing. Priced out of the private market? While new HDB units are only available for Singaporean citizens, the resale and private housing market are open to non-citizens as well. Private residential property in Singapore is seen as an attractive and safe investment for many foreign buyers. Luxury private apartments, costing millions of dollars, are unattainable for many residents

House price index in Singapore, June, 2025 The most recent value is 160.45 index points as of Q2 2025, an increase compared to the previous value of 158.87 index points. Historically, the average for Singapore from Q1 1998 to Q2 2025 is 97.81 index points. The minimum of 53.81 index points was recorded in Q4 1998, while the maximum of 160.45 index points was reached in Q2 2025. | TheGlobalEconomy.com

Dataset from Housing & Development Board. For more information, visit https://data.gov.sg/datasets/d_23000a00c52996c55106084ed0339566/view

Singapore Average Loan-to-Value Ratio data was reported at 50.900 % in Sep 2018. This records a decrease from the previous number of 51.500 % for Jun 2018. Singapore Average Loan-to-Value Ratio data is updated quarterly, averaging 49.200 % from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 53.600 % in Sep 2017 and a record low of 43.100 % in Dec 2011. Singapore Average Loan-to-Value Ratio data remains active status in CEIC and is reported by Monetary Authority of Singapore. The data is categorized under Global Database’s Singapore – Table SG.KB006: Housing and Bridging Loans.

Singapore Residential Property Transaction: Avg Price: Condominium: Central data was reported at 1,333.000 SGD/Unit th in Jul 2018. This records a decrease from the previous number of 1,936.440 SGD/Unit th for Jun 2018. Singapore Residential Property Transaction: Avg Price: Condominium: Central data is updated monthly, averaging 1,260.000 SGD/Unit th from Jan 1995 (Median) to Jul 2018, with 283 observations. The data reached an all-time high of 2,510.000 SGD/Unit th in Jul 1996 and a record low of 649.459 SGD/Unit th in Dec 1998. Singapore Residential Property Transaction: Avg Price: Condominium: Central data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB016: Private Residential Property Transaction.

Dataset from Housing & Development Board. For more information, visit https://data.gov.sg/datasets/d_b51323a474ba789fb4cc3db58a3116d4/view

In the first half of 2020, the rental price of retail colocation in Singapore was between *** and *** U.S. dollars per month. Pricing in hyperscale cloud and wholesale colocation was less expensive, with monthly costs between *** and *** U.S. dollars for the hyperscale, and *** to *** U.S. dollars for wholesale colocation. Hyperscale data centers have the largest power requirements and customers are usually a cloud or large tech company. Wholesale and retail colocation, on the other hand, have smaller power requirements.

Dataset from Inland Revenue Authority of Singapore. For more information, visit https://data.gov.sg/datasets/d_774a81df45dca33112e59207e6dae1af/view

In 2023, the smart appliances segment of the smart home market in Singapore generated the highest average revenue, with a value of ***** U.S. dollars per smart home. According to Statista Digital Market Outlook estimates, the energy management segment generated the lowest average revenue at ***** U.S. dollars per smart home. The average revenue per smart home in each segment is expected to decrease in the coming years.

Singapore Resale Price: Avg Valuation: HDB Flats: Bukit Panjang: 4 Room Flat data was reported at 368,000.000 SGD in Sep 2018. This stayed constant from the previous number of 368,000.000 SGD for Jun 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Bukit Panjang: 4 Room Flat data is updated quarterly, averaging 345,000.000 SGD from Sep 2002 (Median) to Sep 2018, with 65 observations. The data reached an all-time high of 428,000.000 SGD in Sep 2013 and a record low of 183,100.000 SGD in Dec 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Bukit Panjang: 4 Room Flat data remains active status in CEIC and is reported by Housing & Development Board. The data is categorized under Global Database’s Singapore – Table SG.EB027: Resale Flat Statistics.

Singapore Housing Loan Rate for 15 Years: 10 Finance Co Average data was reported at 3.160 % pa in Sep 2018. This stayed constant from the previous number of 3.160 % pa for Aug 2018. Singapore Housing Loan Rate for 15 Years: 10 Finance Co Average data is updated monthly, averaging 6.160 % pa from Jan 1983 (Median) to Sep 2018, with 429 observations. The data reached an all-time high of 12.420 % pa in Jan 1983 and a record low of 2.870 % pa in Jul 2013. Singapore Housing Loan Rate for 15 Years: 10 Finance Co Average data remains active status in CEIC and is reported by Monetary Authority of Singapore. The data is categorized under Global Database’s Singapore – Table SG.M001: Lending Rate.