Graph and download economic data for Real Residential Property Prices for Singapore (QSGR368BIS) from Q1 1999 to Q4 2024 about Singapore, residential, housing, real, and price.

O Índice de Preços de Casas MoM em Singapura diminuiu para 0,50 por cento no segundo trimestre de 2025, em comparação com 0,80 por cento no primeiro trimestre de 2025. Esta página inclui um gráfico com dados históricos para o Índice de Preços de Propriedades Residenciais de Singapura MoM.

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.

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.

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 the last quarter of 2023, the index value amounted to 233.2, which means that house prices increased by 133.2 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.

As of the last quarter of 2022, the residential non-landed property index value amounted to *****, which means that property prices increased by **** percent since the first quarter of 2009. The index shows how the property prices changed in those years, compared to the base value from the first quarter of 2009, when the index value was equal to 100.

Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_97f8a2e995022d311c6c68cfda6d034c/view

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 Singapore Gold Production

• Singapore Real Residential Property Price Index was reported at 116.524 2010=100 in Mar 2024.
• This records an increase from the previous number of 115.141 2010=100 for Dec 2023.
• Singapore Real Residential Property Price Index data is updated quarterly, averaging 94.450 2010=100 from Mar 1998 to Mar 2024, with 105 observations.
• The data reached an all-time high of 116.524 2010=100 in Mar 2024 and a record low of 64.278 2010=100 in Dec 1998.
• Singapore Real 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 Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

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.

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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

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.

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: NL: Core Central Region data was reported at 137.800 1Q2009=100 in Sep 2018. This records an increase from the previous number of 136.000 1Q2009=100 for Jun 2018. Singapore Property Price Index: PR: NL: Core Central Region data is updated quarterly, averaging 108.900 1Q2009=100 from Dec 1995 (Median) to Sep 2018, with 92 observations. The data reached an all-time high of 141.200 1Q2009=100 in Mar 2013 and a record low of 66.100 1Q2009=100 in Dec 1998. Singapore Property Price Index: PR: NL: Core 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.EB002: Property Price Index.

Real residential property prices Y-on-Y, percent change in Singapore, December, 2024 The most recent value is 2.47 percent as of Q4 2024, an increase compared to the previous value of 2.22 percent. Historically, the average for Singapore from Q1 1999 to Q4 2024 is 2.18 percent. The minimum of -25.03 percent was recorded in Q2 2009, while the maximum of 34.09 percent was reached in Q2 2010. | TheGlobalEconomy.com

In a survey conducted by Milieu Insight on the living situation of Singaporeans, ** percent of respondents felt that housing prices in Singapore for young people were unaffordable. Housing affordability is one of the main factors preventing adults from moving out of their parents' home.

In the second quarter of 2023, the price index value for industrial property in Singapore amounted to 103.9. 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.

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 ---