Singapore Property Rental Index: Private Residential (PR) data was reported at 159.000 4Q1998=100 in Dec 2014. This records a decrease from the previous number of 160.600 4Q1998=100 for Sep 2014. Singapore Property Rental Index: Private Residential (PR) data is updated quarterly, averaging 138.200 4Q1998=100 from Mar 1990 (Median) to Dec 2014, with 100 observations. The data reached an all-time high of 164.800 4Q1998=100 in Sep 2013 and a record low of 89.200 4Q1998=100 in Jun 2004. Singapore Property Rental Index: Private Residential (PR) data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

Singapore Property Rental Index: PR: Landed data was reported at 101.000 1Q2009=100 in Sep 2018. This records an increase from the previous number of 100.500 1Q2009=100 for Jun 2018. Singapore Property Rental Index: PR: Landed data is updated quarterly, averaging 103.400 1Q2009=100 from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 120.000 1Q2009=100 in Sep 2013 and a record low of 66.100 1Q2009=100 in Jun 2004. Singapore Property Rental Index: PR: 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.EB004: Property Rental Index.

The office rent index value in Singapore in the 4th quarter 2024 was ***. The index values represent the change of office rent price from the base year of 1998. By ** 2024, the office rent index had increased by 100 percent compared to the base year.

In the fourth quarter of 2024, the rental index for industrial property in Singapore was at *****. This was the highest value since the third quarter of 2018.

Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_8e4c50283fb7052a391dfb746a05c853/view

Singapore Property Rental Index: Office data was reported at 174.600 4Q1998=100 in Sep 2018. This records an increase from the previous number of 170.300 4Q1998=100 for Jun 2018. Singapore Property Rental Index: Office data is updated quarterly, averaging 123.600 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 199.700 4Q1998=100 in Jun 2008 and a record low of 73.400 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Office data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

Singapore Property Rental Index: Industrial data was reported at 137.400 4Q1998=100 in Sep 2014. This records a decrease from the previous number of 139.900 4Q1998=100 for Jun 2014. Singapore Property Rental Index: Industrial data is updated quarterly, averaging 106.300 4Q1998=100 from Mar 1990 (Median) to Sep 2014, with 99 observations. The data reached an all-time high of 146.400 4Q1998=100 in Jun 1996 and a record low of 69.200 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Industrial data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

Singapore Property Rental Index: Industrial: Multiple User Factory data was reported at 142.100 4Q1998=100 in Sep 2014. This records a decrease from the previous number of 145.300 4Q1998=100 for Jun 2014. Singapore Property Rental Index: Industrial: Multiple User Factory data is updated quarterly, averaging 87.250 4Q1998=100 from Dec 1998 (Median) to Sep 2014, with 64 observations. The data reached an all-time high of 145.400 4Q1998=100 in Sep 2013 and a record low of 68.800 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Industrial: Multiple User Factory data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_0c8aa26a461084bdf712976aae1d810a/view

Singapore Property Rental Index: Shop data was reported at 96.600 4Q1998=100 in Sep 2018. This records a decrease from the previous number of 98.200 4Q1998=100 for Jun 2018. Singapore Property Rental Index: Shop data is updated quarterly, averaging 116.400 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 212.900 4Q1998=100 in Mar 1990 and a record low of 86.400 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Shop data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

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.

In 2023, the total rental volume for Housing and Development Board (HDB) flats in Singapore was ****** units. In 2025, it was expected to reach ****** units.

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

Singapore Property Rental Index: Shop: Fringe Area data was reported at 91.200 4Q1998=100 in Sep 2018. This records a decrease from the previous number of 93.500 4Q1998=100 for Jun 2018. Singapore Property Rental Index: Shop: Fringe Area data is updated quarterly, averaging 104.700 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 226.800 4Q1998=100 in Mar 1990 and a record low of 75.800 4Q1998=100 in Jun 2004. Singapore Property Rental Index: Shop: 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.EB004: Property Rental Index.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_647dabde09e726b9eeb75e4d9cd96699/view

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.
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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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Singapore Property Rental Index: PR: NL: Rest of Central Region data was reported at 165.200 4Q1998=100 in Dec 2014. This records a decrease from the previous number of 165.500 4Q1998=100 for Sep 2014. Singapore Property Rental Index: PR: NL: Rest of Central Region data is updated quarterly, averaging 151.150 4Q1998=100 from Mar 2004 (Median) to Dec 2014, with 44 observations. The data reached an all-time high of 166.100 4Q1998=100 in Mar 2014 and a record low of 86.400 4Q1998=100 in Mar 2005. Singapore Property Rental Index: PR: NL: Rest of Central Region data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

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 Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_37e46b203bb77387328d25882247d000/view