Housing Index in Singapore increased to 204.50 points in the first quarter of 2024 from 201.50 points in the fourth quarter of 2023. 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.

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 Q3 2024 about Singapore, residential, HPI, housing, price index, indexes, and price.

As of the fourth quarter of 2024, the private residential property price index was at 209.4, which means that private residential property prices increased by 109.4 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.

Key information about Singapore Real Residential Property Price Index Growth

• Singapore Real Residential Property Price Index Growth was reported at 1.844 % in Mar 2024.
• This records a decrease from the previous number of 2.717 % for Dec 2023.
• Singapore Real Residential Property Price Index Growth data is updated quarterly, averaging 1.712 % from Mar 1999 to Mar 2024, with 101 observations.
• The data reached an all-time high of 34.103 % in Jun 2010 and a record low of -25.040 % in Jun 2009.
• Singapore Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Key information about Singapore Nominal Residential Property Price Index Growth

• Singapore Nominal Residential Property Price Index Growth was reported at 4.877 % in Mar 2024.
• This records a decrease from the previous number of 6.840 % for Dec 2023.
• Singapore Nominal Residential Property Price Index Growth data is updated quarterly, averaging 2.363 % from Mar 1999 to Mar 2024, with 101 observations.
• The data reached an all-time high of 38.195 % in Jun 2010 and a record low of -24.901 % in Jun 2009.
• Singapore Nominal Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Key information about Singapore Nominal Residential Property Price Index

• Singapore Nominal Residential Property Price Index was reported at 153.754 2010=100 in Mar 2024.
• This records an increase from the previous number of 151.646 2010=100 for Dec 2023.
• Singapore Nominal Residential Property Price Index data is updated quarterly, averaging 102.879 2010=100 from Mar 1998 to Mar 2024, with 105 observations.
• The data reached an all-time high of 153.754 2010=100 in Mar 2024 and a record low of 53.810 2010=100 in Dec 1998.
• Singapore Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Singapore Property Price Index: PR: Non Landed data was reported at 200.200 4Q1998=100 in Dec 2014. This records a decrease from the previous number of 202.200 4Q1998=100 for Sep 2014. Singapore Property Price Index: PR: Non Landed data is updated quarterly, averaging 109.900 4Q1998=100 from Mar 1975 (Median) to Dec 2014, with 160 observations. The data reached an all-time high of 209.200 4Q1998=100 in Sep 2013 and a record low of 14.800 4Q1998=100 in Mar 1975. Singapore Property Price Index: PR: Non Landed data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB002: Property Price Index. Rebased from 4Q1998=100 to 1Q2009=100. Replacement series ID: 367030317

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 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 Consumer Price Index (CPI): YoY: Housing & Utilities data was reported at 2.500 % in Dec 2024. This records a decrease from the previous number of 2.600 % for Nov 2024. Singapore Consumer Price Index (CPI): YoY: Housing & Utilities data is updated monthly, averaging 1.500 % from Jan 1962 (Median) to Dec 2024, with 756 observations. The data reached an all-time high of 24.000 % in Dec 2008 and a record low of -6.400 % in May 2016. Singapore Consumer Price Index (CPI): YoY: Housing & Utilities data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I010: Consumer Price Index: 2019=100: Percentage Change.

Analysis of ‘Property Prices Index By City 2009 to 2021’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/jolenech/property-prices-index-by-city-2009-to-2021 on 13 February 2022.

--- Dataset description provided by original source is as follows ---

Context

I wanted to see how affordable housing is across countries and wanted to compare the price of housing. But I could not find a properly documented and easily downloaded dataset hence I created one with the help of web-scraping with Python and Pandas.

Content

I spent a lot of time searching for a source for the information I wanted in order to compare affordability. I stumbled upon a great website which was exactly what I was looking for Numbeo The website has a lot of details like affordability index, prime to income ratio, price to rent ratios in and out of city centre and more!

Now I had the data, I needed to download it. Since I couldn't get the raw form of the data, I did web scraping in order to get details in the table for 2009 to 2021 using a for loop to go through all links and create csv files for every year.

What's in the dataset?

Details of columns Note: There are a few null values in the 2009 dataset (mortgage and Affordability Index columns.

Check out the code I used on Github.

Acknowledgements

I couldn't have gotten the data without Numbeo!

Inspiration

I was working on a project trying to see if Price of Housing in Singapore can be justified and wanted more data that's global instead of just from Singapore. Let me know if you have any questions!

--- Original source retains full ownership of the source dataset ---

Pertumbuhan Indeks Harga Properti Residensial Riil Singapura dilaporkan sebesar 1.844 % pada 2024-03. Rekor ini turun dibanding sebelumnya yaitu 2.717 % untuk 2023-12. Data Pertumbuhan Indeks Harga Properti Residensial Riil Singapura diperbarui triwulanan, dengan rata-rata 1.712 % dari 1999-03 sampai 2024-03, dengan 101 observasi. Data ini mencapai angka tertinggi sebesar 34.103 % pada 2010-06 dan rekor terendah sebesar -25.040 % pada 2009-06. Data Pertumbuhan Indeks Harga Properti Residensial Riil Singapura tetap berstatus aktif di CEIC dan dilaporkan oleh Bank for International Settlements. Data dikategorikan dalam Association: Property Sector World Trend Plus – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

New Home Sales in Singapore increased to 1575 Units in February from 1083 Units in January of 2025. This dataset provides - Singapore New Home Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pertumbuhan Indeks Harga Properti Nominal Singapura dilaporkan sebesar 4.877 % pada 2024-03. Rekor ini turun dibanding sebelumnya yaitu 6.840 % untuk 2023-12. Data Pertumbuhan Indeks Harga Properti Nominal Singapura diperbarui triwulanan, dengan rata-rata 2.363 % dari 1999-03 sampai 2024-03, dengan 101 observasi. Data ini mencapai angka tertinggi sebesar 38.195 % pada 2010-06 dan rekor terendah sebesar -24.901 % pada 2009-06. Data Pertumbuhan Indeks Harga Properti Nominal Singapura tetap berstatus aktif di CEIC dan dilaporkan oleh Bank for International Settlements. Data dikategorikan dalam Association: Property Sector World Trend Plus – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Singapurs Real Wohnimmobilien Preisindex Wachstum belief sich im 2024-03 auf 1.844 %. Dies stellt einen Rückgang im Vergleich zu den vorherigen Zahlen von 2.717 % für 2023-12 dar. Singapurs Real Wohnimmobilien Preisindex Wachstum werden vierteljährlich aktualisiert, mit einem Durchschnitt von 1.712 % von 1999-03 bis 2024-03, mit 101 Beobachtungen. Die Daten erreichten ein Allzeithoch in Höhe von 34.103 % im 2010-06 und ein Rekordtief in Höhe von -25.040 % im 2009-06. Singapurs Real Wohnimmobilien Preisindex Wachstum Daten behalten den Aktiv-Status in CEIC und werden von Bank for International Settlements gemeldet. Die Daten werden unter World Trend Pluss Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY % kategorisiert.

싱가포르의 명목 주거 재산 가격 지수 성장은 2024-03에 4.877 %로 보고 되었습니다. 이는 2023-12에 6.840 %라는 이전 수치에 비 해하락한 기록입니다.싱가포르의 명목 주거 재산 가격 지수 성장 데이터는 계간지마다 업데이트 되며,101개의 관측으로 1999-03부터 2024-03사이에 평균 2.363 %입니다. 이 데이터는2010-06에 38.195 %라는사상 최고치를, 2009-06에 -24.901 %라는 최저치를 기록했습니다. 싱가포르’의 명목 주거 재산 가격 지수 성장 데이터는 CEIC에 활성 상태로 남아 있으며Bank for International Settlements에 의해 보고되는 정보입니다. 본 데이터는 World Trend Plus의 Association: Property Sector - Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %하에 분류 됩니다.

Inflation Rate in Singapore decreased to 0.90 percent in February from 1.20 percent in January of 2025. This dataset provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Os dados de Crescimento nominal do índice de preços da propriedade residencial de Cingapura foram registrados em 4.877 % em 2024-03. Este registro de uma queda com relação aos números anteriores de 6.840 % em 2023-12. Os dados de Crescimento nominal do índice de preços da propriedade residencial de Cingapura são atualizados trimestral, com uma média de 2.363 % em 1999-03 até 2024-03, com 101 observações. Os dados alcançaram um alto recorde de 38.195 % em 2010-06 e um baixo recorde de -24.901 % em 2009-06. Os dados de Crescimento nominal do índice de preços da propriedade residencial de Cingapura permanecem com status ativo na CEIC e são reportados pela fonte: Bank for International Settlements. Os dados são classificados sob o World Trend Plus’ Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Singapore Residential Property Transaction: Value: Total data was reported at 1,325,068.029 SGD th in Oct 2018. This records a decrease from the previous number of 2,680,204.978 SGD th for Sep 2018. Singapore Residential Property Transaction: Value: Total data is updated monthly, averaging 1,848,363.879 SGD th from Jan 1995 (Median) to Oct 2018, with 286 observations. The data reached an all-time high of 9,797,191.734 SGD th in May 2007 and a record low of 330,942.373 SGD th in Feb 1998. Singapore Residential Property Transaction: Value: 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.EB016: Private Residential Property Transaction.

싱가포르의 실질 부동산 가격 지수 증가율은 2024-03에 1.844 %로 보고 되었습니다. 이는 2023-12에 2.717 %라는 이전 수치에 비 해하락한 기록입니다.싱가포르의 실질 부동산 가격 지수 증가율 데이터는 계간지마다 업데이트 되며,101개의 관측으로 1999-03부터 2024-03사이에 평균 1.712 %입니다. 이 데이터는2010-06에 34.103 %라는사상 최고치를, 2009-06에 -25.040 %라는 최저치를 기록했습니다. 싱가포르’의 실질 부동산 가격 지수 증가율 데이터는 CEIC에 활성 상태로 남아 있으며Bank for International Settlements에 의해 보고되는 정보입니다. 본 데이터는 World Trend Plus의 Association: Property Sector - Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %하에 분류 됩니다.