The office rent index value in Singapore in the 4th quarter 2024 was 200. The index values represent the change of office rent price from the base year of 1998. By Q4 2024, the office rent index had increased by 100 percent compared to the base year.

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.

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.

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.

Singapore Consumer Price Index (CPI): All Items Less Imputed Rentals on Owner-occupied Accommodation data was reported at 103.504 2014=100 in Oct 2018. This records a decrease from the previous number of 103.854 2014=100 for Sep 2018. Singapore Consumer Price Index (CPI): All Items Less Imputed Rentals on Owner-occupied Accommodation data is updated monthly, averaging 98.804 2014=100 from Jan 2008 (Median) to Oct 2018, with 130 observations. The data reached an all-time high of 103.854 2014=100 in Sep 2018 and a record low of 85.837 2014=100 in Apr 2009. Singapore Consumer Price Index (CPI): All Items Less Imputed Rentals on Owner-occupied Accommodation data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I001: Consumer Price Index: 2014=100.

In the fourth quarter of 2024, Singapore's retail real estate rental index was at 79.1. The retail real estate space rental index had started to decline after the fourth quarter of 2019.

Singapore Consumer Price Index (CPI): MoM: All Items Less Imputed Rentals On Owner-Occupied Accom. data was reported at 0.400 % in Dec 2024. This records an increase from the previous number of -0.400 % for Nov 2024. Singapore Consumer Price Index (CPI): MoM: All Items Less Imputed Rentals On Owner-Occupied Accom. data is updated monthly, averaging 0.100 % from Feb 2008 (Median) to Dec 2024, with 203 observations. The data reached an all-time high of 1.300 % in Mar 2022 and a record low of -1.200 % in Apr 2013. Singapore Consumer Price Index (CPI): MoM: All Items Less Imputed Rentals On Owner-Occupied Accom. 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.

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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 increa

Singapore Consumer Price Index (CPI): All Items Less Imputed Rentals On Owner-Occupied Accommodation data was reported at 117.460 2019=100 in Dec 2024. This records an increase from the previous number of 116.985 2019=100 for Nov 2024. Singapore Consumer Price Index (CPI): All Items Less Imputed Rentals On Owner-Occupied Accommodation data is updated monthly, averaging 96.247 2019=100 from Jan 2008 (Median) to Dec 2024, with 204 observations. The data reached an all-time high of 117.460 2019=100 in Dec 2024 and a record low of 82.313 2019=100 in Apr 2009. Singapore Consumer Price Index (CPI): All Items Less Imputed Rentals On Owner-Occupied Accommodation 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.I006: Consumer Price Index: 2019=100.

Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Acc) data was reported at 99.667 2019=100 in Jun 2020. This records a decrease from the previous number of 100.091 2019=100 for Dec 2019. Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Acc) data is updated semiannually, averaging 95.537 2019=100 from Jun 2008 (Median) to Jun 2020, with 25 observations. The data reached an all-time high of 100.091 2019=100 in Dec 2019 and a record low of 83.392 2019=100 in Jun 2009. Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Acc) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I015: Consumer Price Index: By Income Levels: 2019=100.

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 Consumer Price Index (CPI): IL: Highest 20 %: Less Imputed Rent (Owner-occupied Accom) data was reported at 102.646 2014=100 in Jun 2018. This records an increase from the previous number of 102.055 2014=100 for Dec 2017. Singapore Consumer Price Index (CPI): IL: Highest 20 %: Less Imputed Rent (Owner-occupied Accom) data is updated semiannually, averaging 98.493 2014=100 from Jun 2008 (Median) to Jun 2018, with 21 observations. The data reached an all-time high of 102.646 2014=100 in Jun 2018 and a record low of 85.067 2014=100 in Jun 2009. Singapore Consumer Price Index (CPI): IL: Highest 20 %: Less Imputed Rent (Owner-occupied Accom) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I011: Consumer Price Index: By Income Levels: 2014=100.

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.

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 ---

Singapore Consumer Price Index (CPI): sa: All Items Less Imputed Rentals on Owner-Occupied Accom data was reported at 103.829 2014=100 in Oct 2018. This records an increase from the previous number of 103.710 2014=100 for Sep 2018. Singapore Consumer Price Index (CPI): sa: All Items Less Imputed Rentals on Owner-Occupied Accom data is updated monthly, averaging 98.755 2014=100 from Jan 2008 (Median) to Oct 2018, with 130 observations. The data reached an all-time high of 103.829 2014=100 in Oct 2018 and a record low of 86.129 2014=100 in Jan 2008. Singapore Consumer Price Index (CPI): sa: All Items Less Imputed Rentals on Owner-Occupied Accom data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I004: Consumer Price Index: 2014=100: Seasonally Adjusted.

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.

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.

The Car Rentals Market in Singapore Report is Segmented by Vehicle Type (Economy, Premium, and More), Booking Channel (Online and Offline), Rental Duration (Short-Term and Long-Term), Application (Tourism and General Commuting), Powertrain Type (ICE, Hybrid, and Electric Vehicle ), and End-User (Individual and Corporate). Market Forecasts are Provided in Terms of Value (USD).

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.

The Singapore car rental market, valued at approximately $X million in 2025 (estimated based on provided CAGR and market trends), is projected to experience robust growth, with a Compound Annual Growth Rate (CAGR) of 9.84% from 2025 to 2033. This expansion is driven by several factors. Increasing tourism, particularly from affluent countries in Asia and beyond, fuels demand for short-term rentals. The rise of online booking platforms streamlines the rental process, making it more convenient for both tourists and residents. Furthermore, the growing preference for flexible transportation options, particularly among younger demographics and business travelers, contributes significantly to market growth. The market is segmented by vehicle type (economy, premium), booking type (online, offline), rental duration (short-term, long-term), and application type (tourism, general commuting). The premium segment is anticipated to see faster growth due to rising disposable incomes and a preference for luxury travel experiences. Online booking is the dominant segment, leveraging technological advancements and user-friendly interfaces. However, the market faces certain restraints. Stringent regulations regarding licensing and insurance, coupled with high operating costs in Singapore, can limit market expansion. Competition from ride-hailing services and public transportation also presents a challenge. To overcome these restraints, rental companies are focusing on innovative solutions such as subscription services, offering bundled packages with additional services, and enhancing their fleet with fuel-efficient and environmentally friendly vehicles to attract environmentally conscious consumers. Key players in the market, including Avis Budget Group, Hertz Corporation, Sixt SE, and Europcar Mobility Group, are constantly adapting their strategies to cater to changing consumer preferences and optimize their operational efficiency in this dynamic market landscape. Recent developments include: In March 2022, Tribecar, a Singapore-based car-sharing platform announced that it has acquired a local auto firm, Car Club. The joint venture will provide both Tribecar and Car Club members with access to a fleet of over 1,400 vehicles, In January 2022, Cycle & Carriage (C&C) Singapore opened its new online car rental site, which is run by the leasing division of the car distributor. MyCarriage is the name of the new platform, according to the company, which enables clients to browse the variety of vehicles that are available in real-time and choose the specific model they want to hire, even down to the precise make, model, and color., In October 2021, Singapore-based electric car rental company BlueSG announced that its cars are rented out about 100,000 times a month with 4,000 subscriptions added in the same time period,. Key drivers for this market are: Rise in Tourism Across Activities the Country. Potential restraints include: Hike In Fuel Prices To Restrict The Market Growth. Notable trends are: Rising Car Prices is Boosting the Market Growth.