Graph and download economic data for Residential Property Prices for Singapore (QSGN368BIS) from Q1 1999 to Q4 2024 about Singapore, residential, housing, and price.

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.

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 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.

Graph and download economic data for Real Residential Property Prices for Singapore (QSGR628BIS) from Q1 1998 to Q3 2024 about Singapore, residential, HPI, housing, real, price index, indexes, and price.

As of 1st January 2025, the average resale price of a Housing Development Board (HDB) 4-room flat was at 636,259 Singapore dollars. The resale price of such flats had increased by about 200,000 Singapore dollars since 2017. HDB is responsible for managing Singapore's government housing, and cater to all income levels in Singapore. HDB flats range from 1-room apartments to large, multi-generational apartments. Around 75 percent of the Singapore population live in HDB flats. Citizens who wish to purchase a new flat would need to apply for a built-to-order (BTO) apartment.

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.

House Price Index MoM in Singapore decreased to 0.80 percent in the first quarter of 2025 from 2.30 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Singapore Residential Property Price Index MoM.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_da00b36ca8c831322fa0bb2a3378a476/view

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.

The Report Covers Residential Real Estate Companies in Singapore. The Market is Segmented by Property Type (Residential, Retail, Logistics/Industrial, Hospitality, and Office) and Value (Premium, Luxury, and Affordable). The Report Offers Market Size and Forecasts in USD for all the Above Segments.

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.

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]

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.

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]

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.

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

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.

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Singapore Real Estate Market Size 2025-2029

The real estate market size in Singapore is forecast to increase by USD 62.6 billion at a CAGR of 4.6% between 2024 and 2029.

The real estate market is experiencing dynamic shifts, driven by several key trends and challenges. One notable growth factor is the increasing demand for industrial infrastructure, particularly in urban areas, as businesses seek to streamline supply chains and enhance logistics capabilities. Additionally, marketing initiatives in the real estate industry are gaining momentum, with digital platforms and data-driven strategies becoming essential tools for reaching and engaging potential buyers and tenants.


However, regulatory uncertainty looms large, with changing policies and regulations posing risks and complications for market participants. Navigating these trends and challenges requires a deep understanding of the market landscape and a strategic approach to capitalizing on opportunities while mitigating risks. Stay tuned for further insights into the real estate market's intricacies and how to thrive in this evolving landscape. Property management, property insurance, and home warranty services cater to the needs of homeowners and investors. Construction management and mixed-use development projects contribute to the market's growth, with commercial real estate and rental listings providing additional revenue streams.

What will be the Size of the market During the Forecast Period?

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In the dynamic real estate market, online marketing plays a pivotal role in reaching target demographics and generating leads. Urban sprawl influences property inventory and rental rates, necessitating effective CRM systems for managing customer acquisition and asset management. Building codes and environmental regulations shape infrastructure development and property value trends. Smart city initiatives and digital marketing strategies enhance property portfolio management and asset management.
Demand-supply dynamics, comparative market analysis, and MLS listings require data analytics and real estate software for accurate property law and investment decisions. Virtual reality walkthroughs and augmented reality experiences offer innovative property photography solutions for engaging potential buyers or tenants. Data security and investment returns remain top priorities in the digital age of real estate.

How is this market segmented and which is the largest segment?

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.

Area

  Residential
  Commercial
  Industrial


Mode Of Booking

  Sales
  Rental and lease


Type

  Landed houses and villas
  Office space
  Apartments and condominiums
  Store space
  Others


Price

  Mid-tier
  Entry-level
  Luxury


Geography

  APAC

    Singapore

By Area Insights

The residential segment is estimated to witness significant growth during the forecast period.

In the dynamic real estate market of Singapore, the residential sector holds significant importance. This segment encompasses the buying and selling of various types of properties, including apartments, condominiums, single-family homes, townhouses, and more, primarily used for residential purposes. The growing demand for urban living and the availability of high employment opportunities and income levels in Singapore fuel the market's robustness. The economic stability and prosperity of the country attract both local and international investors, leading to increased demand for housing. Real estate investment in residential properties is popular due to their potential for capital appreciation and rental income.

Home staging and energy efficiency are crucial factors influencing property sales, with buyers increasingly seeking sustainable and eco-friendly living solutions. Zoning regulations and building permits ensure the development of properties aligns with community needs and urban planning goals. Property data, virtual tours, and property listings facilitate the buying process, while property inspections and property valuation help buyers make informed decisions. Urban renewal and sustainable development initiatives are shaping the market, with smart homes, green building, and other advanced technologies becoming increasingly popular.

Property auctions and property tax appeals offer alternative avenues for buying and selling properties. The integration of blockchain technology, property analytics, and digital marketing enhances market efficiency and transparency. Home sellers, real estate agents, and property managers play vital roles in the market, with title insurance and property tax services ensuring a smooth transaction process. Short sales and luxury real

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