Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_f333bf427c827efb484cf57a73ff700a/view

In the second quarter of 2023, the price index value for industrial property in Singapore amounted to *****. The index shows how the property prices changed in those years, compared to the base value from the fourth quarter of 2012, when the index value was equal to 100.

Singapore - industrial property price index, all industrial property and warehouses

Singapore Property Price Index: Retail Space: Central Area data was reported at 100.000 4Q1998=100 in Sep 2018. This records an increase from the previous number of 99.300 4Q1998=100 for Jun 2018. Singapore Property Price Index: Retail Space: Central Area data is updated quarterly, averaging 118.400 4Q1998=100 from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 123.800 4Q1998=100 in Sep 2013 and a record low of 99.300 4Q1998=100 in Jun 2018. Singapore Property Price Index: Retail Space: Central 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.EB002: Property Price Index.

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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?

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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

The residential statistics were compiled from information in caveats lodged at the option stage with the Singapore Land Registry, supplemented with Stamp Duty data from the Inland Revenue Authority of Singapore, as well as data provided by developers for new sales. A caveat is normally lodged by a purchaser to protect his/her interest of a property shortly after the option to purchase is exercised. The prices in 2009-Q1 are used as the base reference price of the index. The indices are compiled based on a Stratified Hedonic Regression method. The value of properties transacted in the past 5 quarters are used as weights. The weights are revised every 3 years. The latest revision was in 2015-Q1.

The commercial statistics were compiled from information in caveats lodged at the option stage with the Singapore Land Registry. A caveat is normally lodged by a purchaser to protect his/her interest of a property shortly after the option to purchase is exercised. The prices in 1998-Q4 are used as the base reference price of the index (i.e. the index for 1998-Q4 assumes a value of 100).The indices are compiled based on a Moving Average weight method, whereby the value of properties transacted in the past 12 quarters are used as weights.

Singapore Property Price Index: Retail Space: Fringe Area data was reported at 123.500 4Q1998=100 in Sep 2018. This records an increase from the previous number of 123.400 4Q1998=100 for Jun 2018. Singapore Property Price Index: Retail Space: Fringe Area data is updated quarterly, averaging 130.600 4Q1998=100 from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 137.300 4Q1998=100 in Jun 2014 and a record low of 122.800 4Q1998=100 in Dec 2017. Singapore Property Price Index: Retail Space: 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.EB002: Property Price Index.

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_620ad30cf4aca7c1c25eb2eff9e4bedc/view

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 Median Price: Retail Space: Fringe Area data was reported at 11,730.000 SGD/sq m in Sep 2018. This records an increase from the previous number of 11,721.000 SGD/sq m for Jun 2018. Singapore Median Price: Retail Space: Fringe Area data is updated quarterly, averaging 12,407.000 SGD/sq m from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 13,041.000 SGD/sq m in Jun 2014 and a record low of 11,664.000 SGD/sq m in Dec 2017. Singapore Median Price: Retail Space: 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.EB003: Property Median Price.

Content

Notes:

The approximate floor area includes any recess area purchased, space adding item under HDB’s upgrading programmes, roof terrace, etc.

The transactions exclude resale transactions that may not reflect the full market price such as resale between relatives and resale of part shares.

Resale prices should be taken as indicative only as the resale prices agreed between buyers and sellers are dependent on many factors.

"Remaining lease" is the number of years, months and days left before the lease expires. This information is computed as at the resale flat application and has been rounded up to the nearest month for the purpose of CPF monies usage and HDB loan application.

Acknowledgements

All data is from https://data.gov.sg/dataset/resale-flat-prices

Inspiration

Discover trends in resale prices, or whatever.

Dataset from Inland Revenue Authority of Singapore. For more information, visit https://data.gov.sg/datasets/d_2109ad1eafff52dab388f9bcd8148a35/view

Singapore Median Rental: per Month: Retail Space: Fringe Area data was reported at 67.810 SGD/sq m in Sep 2018. This records a decrease from the previous number of 68.400 SGD/sq m for Jun 2018. Singapore Median Rental: per Month: Retail Space: Fringe Area data is updated quarterly, averaging 79.590 SGD/sq m from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 81.780 SGD/sq m in Dec 2014 and a record low of 67.810 SGD/sq m in Sep 2018. Singapore Median Rental: per Month: Retail Space: 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.EB005: Property Median Rental. Median Rental is based on nominal price.

物业价格指数：零售空间：中央地区在09-01-2018达100.0001998年4季度=100，相较于06-01-2018的99.3001998年4季度=100有所增长。物业价格指数：零售空间：中央地区数据按季更新，03-01-2011至09-01-2018期间平均值为118.4001998年4季度=100，共31份观测结果。该数据的历史最高值出现于09-01-2013，达123.8001998年4季度=100，而历史最低值则出现于06-01-2018，为99.3001998年4季度=100。CEIC提供的物业价格指数：零售空间：中央地区数据处于定期更新的状态，数据来源于Urban Redevelopment Authority，数据归类于Global Database的新加坡 – 表 SG.E005：物业价格指数。

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REIT Market Size 2025-2029

The reit market size is forecast to increase by USD 372.8 billion, at a CAGR of 3% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing global demand for warehousing and storage facilities. This trend is fueled by the e-commerce sector's continued expansion, leading to an increased need for efficient logistics and distribution networks. An emerging trend in the market is the rise of self-storage as a service, offering investors attractive returns and catering to the growing consumer preference for flexible and convenient storage solutions. However, the market faces challenges as well. Vertical integration by e-commerce companies poses a threat to the industry, as these companies increasingly control the entire supply chain from production to delivery, potentially reducing the need for third-party logistics and storage providers. Additionally, regulatory changes and economic uncertainties can impact REITs' profitability and investor confidence. Companies seeking to capitalize on market opportunities and navigate challenges effectively must stay informed of these trends and adapt to the evolving landscape.

What will be the Size of the REIT 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 SampleThe market continues to evolve, with various sectors such as retail, industrial, and commercial real estate experiencing dynamic shifts. Family offices, pension funds, high-net-worth individuals, and sovereign wealth funds increasingly invest in this asset class, seeking diversification and stable returns. Market volatility, driven by economic cycles and interest rate fluctuations, influences investment strategies. Artificial intelligence and property technology are transforming the industry, with data analytics and digital platforms streamlining property management, investment, and appraisal processes. Multifamily housing and single-family homes remain popular choices due to their rental income potential and capital appreciation opportunities. Property taxes, inflation risk, and maintenance costs are essential considerations for investors, requiring effective risk management strategies. Net operating income, return on equity, and occupancy rates are critical performance metrics. Regulatory environment and property regulations also impact the market, influencing capitalization rates and shareholder value. Institutional investors explore equity and debt financing, real estate brokerage, and securities offerings to capitalize on opportunities. Property investment platforms, real estate syndications, and property management companies facilitate access to diverse offerings. Green building standards and sustainable development are gaining traction, attracting socially responsible investors. The ongoing digital transformation of the real estate sector, including smart buildings and hybrid REITs, offers new investment opportunities and challenges. Investors must stay informed of market trends and adapt their strategies accordingly.

How is this REIT Industry segmented?

The reit industry 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. TypeIndustrialCommercialResidentialApplicationWarehouses and communication centersSelf-storage facilities and data centersOthersProduct TypeTriple netDouble netModified gross leaseFull servicePercentageGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSingaporeRest of World (ROW).

By Type Insights

The industrial segment is estimated to witness significant growth during the forecast period.The retail and industrial real estate sectors dominate the market, with industrial real estate leading in 2024. The industrial segment's growth is driven by the increasing demand for warehousing space due to the surge in e-commerce and online sales during the COVID-19 pandemic. Supply chain disruptions have compelled companies to lease more warehouse space to store additional inventory, leading to increased occupancy and rental rates. Furthermore, the proximity of fulfillment centers to metropolitan areas caters to the growing number of online consumers. This trend will continue to fuel the expansion of industrial REITs, offering significant growth opportunities for the market. Asset management companies, pension funds, and high-net-worth individuals are increasingly investing in REITs for their attractive dividend yields and potential for capital appreciation. Private equity firms and family offices are also active players in the market, providing equity financing for REITs. Real estate agents and brokers facilitate transactions, while debt

物业价格指数：零售空间：电视接收边缘区在09-01-2018达123.5001998年4季度=100，相较于06-01-2018的123.4001998年4季度=100有所增长。物业价格指数：零售空间：电视接收边缘区数据按季更新，03-01-2011至09-01-2018期间平均值为130.6001998年4季度=100，共31份观测结果。该数据的历史最高值出现于06-01-2014，达137.3001998年4季度=100，而历史最低值则出现于12-01-2017，为122.8001998年4季度=100。CEIC提供的物业价格指数：零售空间：电视接收边缘区数据处于定期更新的状态，数据来源于Urban Redevelopment Authority，数据归类于Global Database的新加坡 – 表 SG.E005：物业价格指数。