Graph and download economic data for Real Residential Property Prices for Singapore (QSGR628BIS) from Q1 1998 to Q4 2024 about Singapore, residential, HPI, housing, real, price index, indexes, and price.

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.

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.

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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

Residential Property Prices in Singapore increased 3.92 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Singapore Residential Property Prices.

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

The Singapore real estate market, valued at $46.58 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.57% from 2025 to 2033. This positive trajectory is driven by several key factors. Singapore's strong economic fundamentals, a stable political environment, and a consistently high demand for residential and commercial properties contribute significantly to market expansion. Furthermore, government initiatives aimed at improving infrastructure and attracting foreign investment fuel this growth. The increasing affluence of the population, coupled with limited land availability, continues to exert upward pressure on property prices, particularly in prime locations. However, the market is not without its challenges. Rising interest rates and potential regulatory changes could act as restraints, potentially moderating growth in the coming years. Nevertheless, the long-term outlook remains optimistic, particularly given the ongoing demand fueled by a growing population and a robust economy. The market is segmented into various property types, including residential (condominiums, apartments, landed properties), commercial (office spaces, retail malls), and industrial (warehouses, factories), each exhibiting its own growth dynamics. Key players such as UOL Group Limited, CapitaLand, GuocoLand Limited, and City Developments Limited, along with several others, compete within this dynamic landscape. The historical period (2019-2024) likely saw fluctuations influenced by global economic events and local policy adjustments. Considering the 2025 market value and projected CAGR, a reasonable estimation for market size progression would show consistent growth, potentially experiencing some year-on-year variance based on economic cycles and policy changes. While specific regional data is unavailable, Singapore's relatively compact geography suggests a less pronounced regional disparity in market share compared to larger countries. The continued emphasis on urban planning and development will likely see a sustained high demand for properties across different segments and locations throughout the forecast period. The competitive landscape, marked by both established giants and emerging developers, is likely to remain dynamic, influenced by mergers and acquisitions, and innovation in property development and management. Recent developments include: April 2024: Two historical buildings in the Pearl’s Hill vicinity are set to be demolished to make way for new housing developments. The government plans to build 6,000 new homes in the area over the next decade. The third housing site is located at the intersection of Chin Swee and Outram roads, while the white site sits primarily atop the underground Outram Park MRT station. The 2.9 ha white site, with a plot ratio of 6.3, has condominium units and long-term serviced apartments., March 2024: To meet the demand for homes, the government decided to launch a new housing area in Yishun and may develop a new residential neighborhood at Gillman Barracks. About 10,000 homes will be built in the new Yishun estate of Chencharu, situated near Khatib MRT station. At least 80% will be public housing, with the first Build-to-Order (BTO) project comprising 1,200 units of two-room Flexi to five-room flats to be launched in 2024.. Key drivers for this market are: Increasing Economic Growth, High Demand for Property Boosting the Market. Potential restraints include: Increasing Economic Growth, High Demand for Property Boosting the Market. Notable trends are: Rise in the Residential Segment of the Singapore Real Estate Market.

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.

In 2023, the Singapore Real Estate Market reached a value of USD 153.4 million, and it is projected to surge to USD 251.1 million by 2030.

House Price Index MoM in Singapore decreased to 0.50 percent in the second quarter of 2025 from 0.80 percent in the first quarter of 2025. This dataset includes a chart with historical data for Singapore Residential Property Price Index MoM.

Singapore Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by District (Central Business District (CBD), Orchard Road and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The Singapore real estate market, valued at $208.63 billion in 2025, is projected to experience robust growth, driven by a consistently strong economy, increasing population density, and government initiatives promoting sustainable urban development. The market's Compound Annual Growth Rate (CAGR) of 4.45% from 2019 to 2024 indicates a healthy trajectory, and this momentum is expected to continue throughout the forecast period (2025-2033). Key segments driving this growth include residential properties, particularly landed houses and condominiums, fueled by strong demand from both local and foreign buyers. The commercial sector, encompassing office and retail spaces, is also expected to show considerable growth, supported by ongoing economic expansion and foreign investments. However, potential restraints such as government regulations aimed at cooling the market and fluctuations in global economic conditions could impact the growth rate. The competitive landscape is dominated by major players like CapitaLand, City Developments, and Frasers Property, who employ diverse strategies including land acquisition, project development, and property management to maintain their market share. Analyzing the performance of these leading companies and understanding their competitive strategies is crucial for investors and stakeholders in the market. The segmentation within the Singapore real estate market reveals further insights into its dynamics. The residential segment, categorized by property type (landed houses and villas, apartments and condominiums) and booking mode (sales, rental, lease), holds the largest market share. Commercial real estate, including office and store spaces, contributes significantly and is expected to see growth in line with economic expansion and evolving business needs. The industrial sector is also an active participant, with considerable interest in logistics and warehouse facilities. The market’s success is closely tied to the stability of the Singaporean economy and government policies impacting housing and commercial development. Future projections indicate continued, albeit potentially moderated, growth, making Singapore's real estate market a dynamic and attractive investment prospect, although careful consideration of regulatory and economic factors is crucial for informed decision-making.

In 2023, the Singapore Real Estate Market was valued at USD 46 billion, fueled by sustained demand across the residential, commercial, and industrial sectors. The market’s growth is driven by Singapore’s status as a global financial hub, attracting significant foreign investment and the strategic development of infrastructure projects.

The Singapore Luxury Residential Real Estate Market was valued at USD 15.8 Billion in 2024 is projected to reach USD 22.97 Billion by 2032, growing at a CAGR of 4.8% from 2026 to 2032.

Singapore Luxury Residential Real Estate Market: Definition/ Overview

Luxury residential real estate refers to high-end, premium properties with superior design, high-quality construction, unique facilities, and great locations that cater to wealthy buyers and investors. Luxury residential real estate is typically utilized for private living, holiday residences, and investments. These properties are frequently found in exclusive districts, attracting wealthy individuals, expatriates, and high-net-worth investors.

• Singapore Real Estate | Ken Research

In 2023, the gross domestic product (GDP) from real estate in Singapore amounted to ***** billion Singapore dollars. 2020 saw the lowest GDP contribution from real estate in the past ten years, likely due to the COVID-19 pandemic.

The Singapore luxury residential real estate market, valued at approximately $XX million in 2025, is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, Singapore's robust economy and its position as a global financial hub attract high-net-worth individuals seeking prestigious properties. Secondly, a limited supply of luxury units in prime locations, coupled with increasing demand from both domestic and international buyers, contributes to price appreciation. Furthermore, ongoing government initiatives promoting sustainable urban development and infrastructure improvements further enhance the appeal of luxury residential properties. The market is segmented by property type, with apartments and condominiums dominating the market share followed by villas and landed houses, catering to diverse luxury preferences. Key players like City Developments Limited, CapitaLand Limited, and Keppel Land Limited, along with several other prominent developers, shape the competitive landscape. However, several factors could potentially restrain market growth. Interest rate hikes and fluctuations in global economic conditions can impact buyer sentiment and affordability. Furthermore, stringent government regulations on foreign ownership and development approvals can influence the supply of luxury properties. Nevertheless, the long-term outlook remains positive, driven by Singapore's strong economic fundamentals and persistent demand for premium residential assets. The consistent inflow of high-net-worth individuals and continued development of luxurious properties in strategic areas underpin the market's projected expansion through 2033. The market's resilience is expected to navigate potential short-term challenges and deliver sustainable growth in the coming years. Recent developments include: July 2021: GuocoLand Limited ('GuocoLand') and its subsidiaries (together with GuocoLand the 'Group') announced a series of strategic partnerships with local technology companies to accelerate the digitalisation of its business. As part of its digitalisation programme, the Group aims to implement more than 20 digital-related projects over the next two years in its efforts to strengthen its property investment and development businesses, affirming its position as an innovative, forward-looking real estate company. The Group will collaborate with local enterprises Airsquire, Groundup.ai, Operva AI, SpaceAge Labs and Doxa on projects that will deploy artificial intelligence (AI), Internet of Things (IoT), drone technology and smart devices, amongst other innovations., May 2022: City Developments Limited (CDL) and MCL Land commenced sales for the highly anticipated 407-unit Piccadilly Grand on 7 May 2022. Piccadilly Grand comprises three 23-storey towers seamlessly connected to Piccadilly Galleria, which houses about 1,500 square metres (sqm) of F&B and retail space and a 500 sqm childcare centre on the ground floor. Apartments are integrated with state-of-the-art facilities, smart home technologies, and luxury kitchen appliances from Bosch and fittings and sanitary fittings from Villeroy & Boch and Hansgrohe. Imported marble flooring is provided for the living and dining areas inside the four- and five-bedroom units.. Notable trends are: UHNWI in Asia Driving the Demand for Luxury Properties.

Singapore Property Price Index: Private Residential (PR): All data was reported at 211.100 1Q2009=100 in Mar 2025. This records an increase from the previous number of 209.400 1Q2009=100 for Dec 2024. Singapore Property Price Index: Private Residential (PR): All data is updated quarterly, averaging 87.600 1Q2009=100 from Mar 1975 (Median) to Mar 2025, with 201 observations. The data reached an all-time high of 211.100 1Q2009=100 in Mar 2025 and a record low of 8.900 1Q2009=100 in Mar 1975. Singapore Property Price Index: Private Residential (PR): All 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. [COVID-19-IMPACT]

In 2023, the home ownership rate among residents in Singapore was at 89.7 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, 80 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

This report covers Singapore Property Classifieds Industry, Singapore Property Classifieds Market, property Sector Size, Share, Growth, Singapore Proptech Market Challenges, Singapore Property Classifieds Marketplace, Singapore Proptech Market Research Report, Singapore Proptech Market Revenue, Singapore Property Classifieds Market Growth.