In 2023, the home ownership rate among residents in Singapore was at **** 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, ** 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

Home Ownership Rate in Singapore increased to 90.80 percent in 2024 from 89.70 percent in 2023. This dataset provides the latest reported value for - Singapore Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Singapore Home Ownership Rate among Res Households: HDB: 5-Room & Exec Flats data was reported at 97.300 % in 2017. This records a decrease from the previous number of 97.400 % for 2016. Singapore Home Ownership Rate among Res Households: HDB: 5-Room & Exec Flats data is updated yearly, averaging 97.400 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 98.800 % in 1980 and a record low of 94.400 % in 2010. Singapore Home Ownership Rate among Res Households: HDB: 5-Room & Exec Flats data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

Singapore Home Ownership Rate among Res Households: Total data was reported at 90.700 % in 2017. This records a decrease from the previous number of 90.900 % for 2016. Singapore Home Ownership Rate among Res Households: Total data is updated yearly, averaging 90.300 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 93.100 % in 2002 and a record low of 58.800 % in 1980. Singapore Home Ownership Rate among Res Households: Total data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

Singapore Home Ownership Rate among Res Households: HDB: 1- & 2-Room Flats data was reported at 36.700 % in 2017. This records an increase from the previous number of 35.900 % for 2016. Singapore Home Ownership Rate among Res Households: HDB: 1- & 2-Room Flats data is updated yearly, averaging 22.300 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 36.700 % in 2017 and a record low of 5.200 % in 1980. Singapore Home Ownership Rate among Res Households: HDB: 1- & 2-Room Flats data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_ace7c3e5be95fa314d4dad539c423927/view

Singapore Home Ownership Rate among Res Households: Other Types of Dwelling data was reported at 57.100 % in 2017. This records an increase from the previous number of 51.500 % for 2016. Singapore Home Ownership Rate among Res Households: Other Types of Dwelling data is updated yearly, averaging 54.900 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 81.700 % in 2003 and a record low of 41.300 % in 1990. Singapore Home Ownership Rate among Res Households: Other Types of Dwelling data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

Singapore Home Ownership Rate among Res Households: HDB: 3-Room Flats data was reported at 94.400 % in 2017. This records an increase from the previous number of 94.200 % for 2016. Singapore Home Ownership Rate among Res Households: HDB: 3-Room Flats data is updated yearly, averaging 94.400 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 96.800 % in 2001 and a record low of 84.800 % in 1980. Singapore Home Ownership Rate among Res Households: HDB: 3-Room Flats data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

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

Market research data and analysis for The Fed’s Interest Rate Cut is Good News for Singapore Homeowners – Here’s Why

Snapshot img

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.
Request Free Sample

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.

Request Free Sample

The Residential segment was valued at USD 100.30 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Ou

In 2024, there were ****** landed properties in Singapore. These referred to residential property where the owner has the title to the land. The term "landed property" in Singapore normally refers to terraced, semi or fully detached houses.

Market research data and analysis for 3Q 2025 Rental Report: Rental Market Momentum Underpinned By Growing Foreign Workforce and Increasing Interim Rental Demand from Homeowners

Singapore Home Ownership Rate among Res Households: Landed Properties data was reported at 92.000 % in 2017. This records a decrease from the previous number of 92.800 % for 2016. Singapore Home Ownership Rate among Res Households: Landed Properties data is updated yearly, averaging 90.200 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 95.000 % in 2001 and a record low of 75.400 % in 1980. Singapore Home Ownership Rate among Res Households: Landed Properties data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

As of the third quarter of 2023, **** percent of the population in Singapore were owners of some sort of mobile phone. Laptops and desktop computers followed as the most widely owned digital devices. Compared with neighboring Malaysia and Indonesia, Singapore also has the highest rate of tablet users. Mobile phone ownership and usage in Singapore Singapore's mobile phone penetration rate makes it an attractive market for foreign vendors. In 2024, Apple held a market share of around ** percent among mobile vendors in the country. With smartphones having been integrated into all daily activities, network coverage is particularly crucial. Favored by the size of its territory, Singapore was the first country in the world to benefit from nationwide 5G coverage. As a result, the user experience is one of the best in the region, with the best 5G gaming experience. Smart devices in Singapore Smart devices are being increasingly used in the city-state, particularly smartwatches and smart home devices. In fact, the country has one of the highest smartwatch usage penetration rates in the Asia Pacific, just behind New Zealand and South Korea. When it comes to smart homes, the leading devices owned in the country are smart TVs and home appliances.

Singapore Home Ownership Rate among Res Households: HDB Dwellings (HDB) data was reported at 92.100 % in 2017. This records a decrease from the previous number of 92.200 % for 2016. Singapore Home Ownership Rate among Res Households: HDB Dwellings (HDB) data is updated yearly, averaging 91.900 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 94.200 % in 2004 and a record low of 61.500 % in 1980. Singapore Home Ownership Rate among Res Households: HDB Dwellings (HDB) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

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.

Singapore Home Ownership Rate among Res Households: Condo & Other Apartments data was reported at 83.600 % in 2017. This records a decrease from the previous number of 84.100 % for 2016. Singapore Home Ownership Rate among Res Households: Condo & Other Apartments data is updated yearly, averaging 80.800 % from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 84.100 % in 2016 and a record low of 49.200 % in 1980. Singapore Home Ownership Rate among Res Households: Condo & Other Apartments data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H054: Resident Households .

常驻家庭户的居者有其屋比率：HDB：3室公寓在12-01-2017达94.400%，相较于12-01-2016的94.200%有所增长。常驻家庭户的居者有其屋比率：HDB：3室公寓数据按年更新，12-01-1980至12-01-2017期间平均值为94.400%，共21份观测结果。该数据的历史最高值出现于12-01-2001，达96.800%，而历史最低值则出现于12-01-1980，为84.800%。CEIC提供的常驻家庭户的居者有其屋比率：HDB：3室公寓数据处于定期更新的状态，数据来源于Department of Statistics，数据归类于Global Database的新加坡 – Table SG.H054：居民住户。

In the first half of 2021, Singapore-based buyers accounted for the largest share of overseas commercial property transactions in New Zealand at around ** percent. According to the source, overseas entities in the New Zealand commercial real estate market in the first half of 2021 were net sellers.