Graph and download economic data for Real Residential Property Prices for Singapore (QSGR628BIS) from Q1 1998 to Q2 2025 about Singapore, residential, HPI, housing, real, 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.

As of the fourth quarter of 2024, the private residential property price index was at *****, which means that private residential property prices increased by ***** percent since the first quarter of 2009. The index shows how the house prices changed in those years, compared to the base value from the first quarter of 2009, when the index value was equal to 100.

The Singapore real estate market, valued at $46.58 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.57% from 2025 to 2033. This positive trajectory is driven by several key factors. Singapore's strong economic fundamentals, a stable political environment, and a consistently high demand for residential and commercial properties contribute significantly to market expansion. Furthermore, government initiatives aimed at improving infrastructure and attracting foreign investment fuel this growth. The increasing affluence of the population, coupled with limited land availability, continues to exert upward pressure on property prices, particularly in prime locations. However, the market is not without its challenges. Rising interest rates and potential regulatory changes could act as restraints, potentially moderating growth in the coming years. Nevertheless, the long-term outlook remains optimistic, particularly given the ongoing demand fueled by a growing population and a robust economy. The market is segmented into various property types, including residential (condominiums, apartments, landed properties), commercial (office spaces, retail malls), and industrial (warehouses, factories), each exhibiting its own growth dynamics. Key players such as UOL Group Limited, CapitaLand, GuocoLand Limited, and City Developments Limited, along with several others, compete within this dynamic landscape. The historical period (2019-2024) likely saw fluctuations influenced by global economic events and local policy adjustments. Considering the 2025 market value and projected CAGR, a reasonable estimation for market size progression would show consistent growth, potentially experiencing some year-on-year variance based on economic cycles and policy changes. While specific regional data is unavailable, Singapore's relatively compact geography suggests a less pronounced regional disparity in market share compared to larger countries. The continued emphasis on urban planning and development will likely see a sustained high demand for properties across different segments and locations throughout the forecast period. The competitive landscape, marked by both established giants and emerging developers, is likely to remain dynamic, influenced by mergers and acquisitions, and innovation in property development and management. Recent developments include: April 2024: Two historical buildings in the Pearl’s Hill vicinity are set to be demolished to make way for new housing developments. The government plans to build 6,000 new homes in the area over the next decade. The third housing site is located at the intersection of Chin Swee and Outram roads, while the white site sits primarily atop the underground Outram Park MRT station. The 2.9 ha white site, with a plot ratio of 6.3, has condominium units and long-term serviced apartments., March 2024: To meet the demand for homes, the government decided to launch a new housing area in Yishun and may develop a new residential neighborhood at Gillman Barracks. About 10,000 homes will be built in the new Yishun estate of Chencharu, situated near Khatib MRT station. At least 80% will be public housing, with the first Build-to-Order (BTO) project comprising 1,200 units of two-room Flexi to five-room flats to be launched in 2024.. Key drivers for this market are: Increasing Economic Growth, High Demand for Property Boosting the Market. Potential restraints include: Increasing Economic Growth, High Demand for Property Boosting the Market. Notable trends are: Rise in the Residential Segment of the Singapore Real Estate Market.

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 increase during the forecast period.

Market Dynamics

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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.

Singapore's real estate market is booming, with a projected CAGR of 6.57% to 2033. Discover key market trends, leading developers (CapitaLand, GuocoLand, City Developments), and segment analysis (apartments, condos, villas) in this comprehensive report. Invest wisely in Singapore's thriving property market. Recent developments include: April 2024: Two historical buildings in the Pearl’s Hill vicinity are set to be demolished to make way for new housing developments. The government plans to build 6,000 new homes in the area over the next decade. The third housing site is located at the intersection of Chin Swee and Outram roads, while the white site sits primarily atop the underground Outram Park MRT station. The 2.9 ha white site, with a plot ratio of 6.3, has condominium units and long-term serviced apartments., March 2024: To meet the demand for homes, the government decided to launch a new housing area in Yishun and may develop a new residential neighborhood at Gillman Barracks. About 10,000 homes will be built in the new Yishun estate of Chencharu, situated near Khatib MRT station. At least 80% will be public housing, with the first Build-to-Order (BTO) project comprising 1,200 units of two-room Flexi to five-room flats to be launched in 2024.. Key drivers for this market are: Increasing Economic Growth, High Demand for Property Boosting the Market. Potential restraints include: Experiencing Slower Growth due to Government Measures, Rising Interest Rates Affecting the Growth of the Market. Notable trends are: Rise in the Residential Segment of the Singapore Real Estate Market.

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.

Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_f65e490a8ad430f60a9a3d9df2bff2a0/view

As of the fourth quarter of 2024, the resale price index of residential units from the Housing Development Board (HDB) in Singapore was at *****, which means that HDB resale flat prices increased by **** percent since the first quarter of 2009. The index tracks the overall price movement of the public residential market, compared to the base value from the first quarter of 2009, when the index value was equal to 100.

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.

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 Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_f333bf427c827efb484cf57a73ff700a/view

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

Explore the dynamic Singapore Real Estate Market forecast. Discover key insights, market size of USD 46.58 billion, and a 6.57% CAGR, driven by strong economic factors and evolving housing trends. Key drivers for this market are: Increasing Economic Growth, High Demand for Property Boosting the Market. Potential restraints include: Experiencing Slower Growth due to Government Measures, Rising Interest Rates Affecting the Growth of the Market. Notable trends are: Rise in the Residential Segment of the Singapore Real Estate Market.

Market research data and analysis for 2Q 2025 Rental Report: Private Home Rents Poised to Stabilise After Mild Correction; Rental Take-Up Rates Inch Up

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.

Dataset from Housing & Development Board. For more information, visit https://data.gov.sg/datasets/d_ea9ed51da2787afaf8e51f827c304208/view

Discover the booming Singapore luxury residential real estate market! Our analysis reveals a projected CAGR exceeding 3% from 2025-2033, driven by strong economic growth and high-net-worth individuals. Learn about key players, market trends, and future growth potential. Key drivers for this market are: Rapid urbanization, Government initiatives. Potential restraints include: High property prices, Regulatory challenges. Notable trends are: UHNWI in Asia Driving the Demand for Luxury Properties.