In 2022, the average economy hotel room rate in Singapore was ****** Singapore dollars. In comparison, the average rate for a upscale hotel amounted to ****** Singapore dollars, while the average luxury hotel rate was ****** Singapore dollars.
As of 1st January 2025, the average resale price of a Housing Development Board (HDB) 4-room flat was at 636,259 Singapore dollars. The resale price of such flats had increased by about 200,000 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 75 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.
In 2022, the average occupancy rate (AOR) for hotels and accommodation in Singapore was about **** percent. The standard occupancy rate has increased again after two years of decline due to the COVID-19 pandemic and the restriction measures that were implemented. Despite this, hotel and accommodation occupancy rates remain lower than in the pre-pandemic years. COVID-19 impact and gradual recovery The COVID-19 pandemic severely affected Singapore's hotel industry, resulting in a significant decline in hotel room revenue. However, a gradual recovery is underway, boosted by the tourism sector. In 2022, Singapore's tourism receipts amounted to about ***** billion Singapore dollars, a significant increase over the previous year. To support this gradual recovery, the country's hotel industry is adopting innovative strategies. This includes the Hotel Industry Transformation Map (ITM) 2025, which focuses on creating innovative and sustainable hotel experiences to meet changing consumer demands. By capturing demand through new hotel concepts, promoting sustainability, and leveraging technology, the sector hopes to thrive in the post-pandemic era. Singapore's hotel landscape Singapore's hotel industry is a vibrant sector, with *** hotels spread across the country. As of April 2023, more than half of these hotels were small establishments with less than 100 rooms, while ** percent had over 300 rooms. The country is also known as one of Asia's most expensive destinations for business travelers, offering a range of high-end accommodations, including the highly-rated Four Seasons Hotel. However, for the budget-conscious traveler, the average price of a room in a budget hotel stands at ****** Singapore dollars.
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Singapore Median Price: Office Space: Fringe Area data was reported at 8,577.000 SGD/sq m in Sep 2018. This records a decrease from the previous number of 8,585.000 SGD/sq m for Jun 2018. Singapore Median Price: Office Space: Fringe Area data is updated quarterly, averaging 8,100.000 SGD/sq m from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 15,450.000 SGD/sq m in Jun 1996 and a record low of 5,099.000 SGD/sq m in Jun 2004. Singapore Median Price: Office Space: Fringe Area data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB003: Property Median Price.
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Singapore Resale Price: Avg Valuation: HDB Flats: Serangoon: 3 Room Flat data was reported at 307,500.000 SGD in Sep 2018. This records a decrease from the previous number of 315,000.000 SGD for Jun 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Serangoon: 3 Room Flat data is updated quarterly, averaging 277,500.000 SGD from Sep 2002 (Median) to Sep 2018, with 61 observations. The data reached an all-time high of 378,500.000 SGD in Jun 2013 and a record low of 130,800.000 SGD in Sep 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Serangoon: 3 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.
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Singapore Resale Price: Avg Valuation: HDB Flats: Clementi: 4 Room Flat data was reported at 504,000.000 SGD in Sep 2018. This records a decrease from the previous number of 557,500.000 SGD for Jun 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Clementi: 4 Room Flat data is updated quarterly, averaging 435,000.000 SGD from Sep 2002 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 640,000.000 SGD in Mar 2018 and a record low of 226,600.000 SGD in Sep 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Clementi: 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.
In the fourth quarter of 2024, the median rental value on contract dates for office spaces in category * was ***** Singapore dollars per square foot per month (psf pm) and for category * was **** Singapore dollars psf pm. The value of median office rentals have increased since the first quarter of 2021.
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Singapore Resale Price: Avg Valuation: HDB Flats: Bukit Panjang: 5 Room Flat data was reported at 450,000.000 SGD in Sep 2018. This records a decrease from the previous number of 470,000.000 SGD for Jun 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Bukit Panjang: 5 Room Flat data is updated quarterly, averaging 415,000.000 SGD from Sep 2002 (Median) to Sep 2018, with 65 observations. The data reached an all-time high of 545,500.000 SGD in Jun 2013 and a record low of 263,600.000 SGD in Sep 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Bukit Panjang: 5 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.
The highest average monthly gross rent for retail space in Singapore in the fourth quarter of 2024 was **** Singapore dollars per square foot for first story spaces in the Orchard/Scotts Road area (OSR). The lowest average monthly gross rents were seen in "Other city areas", or the areas not considered suburbs, fringe areas, or the OSR.
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Singapore Median Price: Office Space: Central Area data was reported at 13,212.000 SGD/sq m in Dec 2018. This records an increase from the previous number of 12,904.000 SGD/sq m for Sep 2018. Singapore Median Price: Office Space: Central Area data is updated quarterly, averaging 10,309.000 SGD/sq m from Mar 1990 (Median) to Dec 2018, with 116 observations. The data reached an all-time high of 14,702.000 SGD/sq m in Sep 1996 and a record low of 6,773.000 SGD/sq m in Mar 2004. Singapore Median Price: Office Space: Central Area data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB003: Property Median Price.
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Singapore Resale Price: Avg Valuation: HDB Flats: Toa Payoh: 3 Room Flat data was reported at 275,000.000 SGD in Jun 2018. This stayed constant from the previous number of 275,000.000 SGD for Mar 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Toa Payoh: 3 Room Flat data is updated quarterly, averaging 283,000.000 SGD from Sep 2002 (Median) to Jun 2018, with 64 observations. The data reached an all-time high of 366,000.000 SGD in Dec 2012 and a record low of 147,700.000 SGD in Sep 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Toa Payoh: 3 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.
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Singapore Resale Price: Avg Valuation: HDB Flats: Woodlands: 5 Room Flat data was reported at 407,000.000 SGD in Sep 2018. This records a decrease from the previous number of 408,400.000 SGD for Jun 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Woodlands: 5 Room Flat data is updated quarterly, averaging 398,000.000 SGD from Sep 2002 (Median) to Sep 2018, with 65 observations. The data reached an all-time high of 480,000.000 SGD in Jun 2013 and a record low of 268,200.000 SGD in Sep 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Woodlands: 5 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.
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Singapore Resale Price: Avg Valuation: HDB Flats: Kallang/Whampoa: 3 Room Flat data was reported at 300,000.000 SGD in Jun 2018. This records a decrease from the previous number of 313,000.000 SGD for Mar 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Kallang/Whampoa: 3 Room Flat data is updated quarterly, averaging 297,500.000 SGD from Sep 2002 (Median) to Jun 2018, with 64 observations. The data reached an all-time high of 377,500.000 SGD in Mar 2013 and a record low of 129,900.000 SGD in Sep 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Kallang/Whampoa: 3 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.
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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.
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Singapore Resale Price: Avg Valuation: HDB Flats: Hougang: 3 Room Flat data was reported at 283,000.000 SGD in Sep 2018. This records an increase from the previous number of 282,500.000 SGD for Jun 2018. Singapore Resale Price: Avg Valuation: HDB Flats: Hougang: 3 Room Flat data is updated quarterly, averaging 282,500.000 SGD from Sep 2002 (Median) to Sep 2018, with 65 observations. The data reached an all-time high of 359,000.000 SGD in Mar 2013 and a record low of 124,000.000 SGD in Sep 2002. Singapore Resale Price: Avg Valuation: HDB Flats: Hougang: 3 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.
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In 2022, the average economy hotel room rate in Singapore was ****** Singapore dollars. In comparison, the average rate for a upscale hotel amounted to ****** Singapore dollars, while the average luxury hotel rate was ****** Singapore dollars.