Graph and download economic data for Real Residential Property Prices for Singapore (QSGR628BIS) from Q1 1998 to Q2 2025 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.

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.

Residential Property Prices in Singapore increased 3.45 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Singapore Residential Property Prices.

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.

Real estate, and especially when located in prime locations, is often referred to as a safe haven for investments. According to the forecast, Dubai is going to see the highest growth in luxury real estate prices in 2025. New York and Geneva, which also right high, were forecast to witness high-end properties prices rise by three percent.

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.
Request Free Sample

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.

Request Free Sample

The Residential segment was valued at USD 100.30 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Ou

House Price Index MoM in Singapore decreased to 0.90 percent in the third quarter of 2025 from 1 percent in the second quarter of 2025. This dataset includes a chart with historical data for Singapore Residential Property Price Index MoM.

In a survey conducted by Milieu Insight on the living situation of Singaporeans, 66 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.

The Singapore Real Estate Market is poised for significant expansion, with a projected market size of USD 46.58 billion and an anticipated Compound Annual Growth Rate (CAGR) of 6.57% during the forecast period of 2025-2033. This robust growth is fueled by several key drivers, including a strong economic foundation, increasing urbanization, and a growing demand for quality housing solutions. The market's dynamism is further evident in its diverse segmentation across property types, encompassing Apartments, Condominiums, Villas, and Other types, catering to a broad spectrum of buyer preferences and investment capacities. This is complemented by a value segmentation that ranges from Affordable to Premium and Luxury segments, reflecting the diverse economic strata within Singapore. Key players such as CapitaLand, GuocoLand Limited, UOL Group Limited, and City Developments Limited are at the forefront, actively shaping the market landscape through strategic developments and investments. The real estate sector in Singapore is characterized by a prevailing trend towards sustainable and smart living, with developers increasingly integrating eco-friendly designs and smart home technologies into their projects. The luxury and premium segments are experiencing particularly strong momentum, driven by high-net-worth individuals and a consistent influx of expatriates seeking sophisticated urban living. However, the market also faces certain restraints, including rising construction costs, stringent regulatory frameworks, and land scarcity, which can impact the pace and scale of new developments. Despite these challenges, the government's proactive policies aimed at ensuring housing affordability and promoting urban rejuvenation continue to support a balanced and resilient real estate ecosystem. The market's focus on innovation and its ability to adapt to evolving consumer demands will be critical in sustaining its upward trajectory. Key drivers for this market are: Increasing Economic Growth, High Demand for Property Boosting the Market. Potential restraints include: Experiencing Slower Growth due to Government Measures, Rising Interest Rates Affecting the Growth of the Market. Notable trends are: Rise in the Residential Segment of the Singapore Real Estate Market.

Source: https://www.ura.gov.sg/realEstateIIWeb/transaction/search.action

List of postal districts tagged to their approximate location is here: https://www.ura.gov.sg/realEstateIIWeb/resources/misc/list_of_postal_districts.htm

Only last 5 years are kept by URA. Can anyone from URA help release the rest? Hope to update this annually. Have fun and dont forget to upvote if you find this useful.

As of the fourth quarter of 2024, the private residential property price index was at 209.4, which means that private residential property prices increased by 109.4 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.

Yearly citation counts for the publication titled "The Dynamics of the Singapore Private Housing Market".

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.

As of the fourth quarter of 2024, the resale price index of residential units from the Housing Development Board (HDB) in Singapore was at 197.9, which means that HDB resale flat prices increased by 97.9 percent since the first quarter of 2009. The index tracks the overall price movement of the public residential market, compared to the base value from the first quarter of 2009, when the index value was equal to 100.

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.

Real residential property prices Y-on-Y, percent change in Singapore, June, 2025 The most recent value is 2.62 percent as of Q2 2025, an increase compared to the previous value of 2.31 percent. Historically, the average for Singapore from Q1 1999 to Q2 2025 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

As of the fourth quarter of 2024, there was a total supply of 9.87 million square meters of hotel rooms in the pipeline. Hotel rooms made up the largest share of planned commercial real estate supply, followed by single-user factory space.

The ASEAN manufactured homes market is experiencing robust growth, fueled by several key factors. The region's burgeoning population, rapid urbanization, and increasing demand for affordable and sustainable housing are driving significant market expansion. A CAGR exceeding 5% indicates a consistently strong trajectory, projected to continue through 2033. Key drivers include government initiatives promoting affordable housing solutions, increasing construction costs of traditional homes, and a growing preference for quicker construction timelines associated with manufactured homes. The market is segmented by type (single-family and multi-family) and geographically across major ASEAN nations, with Malaysia, Thailand, Singapore, and Indonesia representing substantial market shares. While data for precise market sizing is not fully provided, considering the strong growth in other comparable markets and the region's demographics, a reasonable estimation would place the 2025 ASEAN manufactured homes market value in the range of $1.5 to $2 billion USD. The increasing adoption of sustainable building materials and technologies within the manufactured home sector is further contributing to market growth. However, challenges remain including stringent building codes and regulations in some areas, potential supply chain disruptions, and varying levels of consumer awareness regarding the benefits of manufactured housing. The competitive landscape is dynamic, featuring both established international players and regional companies specializing in modular and prefab construction. Companies like ModularCraft, Moderna Homes Pte Ltd, and Karmod are establishing strong market presence, offering a variety of designs and construction services. Further growth will depend on overcoming the aforementioned challenges through effective market education and strategic collaborations. Specific market share distribution across countries within ASEAN will depend on factors including economic development, government policies, and local consumer preferences. While a precise market breakdown is unavailable, we can reasonably assume that Indonesia and the Philippines, owing to their larger populations, will represent significant portions of the market in the forecast period. Continuous innovation in designs, materials, and construction processes is essential for companies to maintain a competitive edge within the growing ASEAN manufactured homes market. Recent developments include: September 2022: Scandinavian Industrialised Building Systems (SIBS) has invested over RM200 million to set up its second manufacturing facility at the Penang Science Park North in Simpang Ampat, Malaysia which boosts the production of modular construction materials. This expansion project is anticipated to increase the production lines to approximately four times more than the current production lines, March 2022: Sampangan (building system manufacturer) built a carbon tech modular home in Indonesia. This is a pilot project for a carbon concrete building system that is affordable for low-income communities. It is estimated to be 40 percent cheaper than conventional affordable housing in the market. The simplicity of design, modularity, knockdown system, and lighter weight would also enable low-income communities that generally do not have formal construction knowledge to build their own homes, and not depend on expensive professional contractors and developers.. Notable trends are: Rapid Urbanization in ASEAN Countries Boosts the Demand for Manufactured Homes.