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.

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.

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.

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.

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.

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]

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

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 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.

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.

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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

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 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.

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.

Singapore Real Residential Property Prices: 26 years of historical data from 1998 to 2024.

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

Dataset from Housing & Development Board. For more information, visit https://data.gov.sg/datasets/d_14f63e595975691e7c24a27ae4c07c79/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 expansion is driven by several key factors. Strong economic fundamentals, a thriving job market, and a consistently high influx of both local and foreign investment fuel demand for residential and commercial properties. Government initiatives aimed at improving infrastructure and enhancing urban living further contribute to the market's positive trajectory. The segment breakdown reveals a diversified market, encompassing apartments, condominiums, villas, and other property types, catering to diverse needs and budgets, from affordable housing to luxury residences. Key players like CapitaLand, GuocoLand, and City Developments Limited dominate the landscape, shaping market trends and influencing development strategies. While potential headwinds exist, such as rising interest rates and global economic uncertainty, the Singaporean government's proactive measures and the country's economic resilience are expected to mitigate these risks. Looking forward, the market's growth trajectory is anticipated to remain strong, primarily fueled by sustained demand for high-quality residential properties and ongoing development of commercial spaces to cater to Singapore's burgeoning economy. The ongoing diversification of the market, coupled with increasing foreign investment, will further solidify Singapore’s position as a premier real estate investment destination. Increased focus on sustainable development and smart city initiatives is also likely to play an important role in shaping the future trajectory of the market. The ongoing government support and a robust economy support predictions of continued growth in the forecast period. The luxury segment is likely to show comparatively stronger growth given the sustained high net worth individual inflow and increasing demand for premium properties. This comprehensive report provides an in-depth analysis of the Singapore real estate market, covering the historical period (2019-2024), base year (2025), and forecasting the market's trajectory until 2033. Valued at billions, the Singapore property market is a dynamic landscape shaped by government policies, economic trends, and evolving consumer preferences. This report offers crucial insights for investors, developers, and industry stakeholders seeking to navigate this complex market. Search terms like Singapore property market, Singapore real estate investment, Singapore condo prices, and Singapore HDB prices are strategically incorporated to maximize search engine visibility. 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: 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.

The office rent index value in Singapore in the 4th quarter 2024 was 200. The index values represent the change of office rent price from the base year of 1998. By Q4 2024, the office rent index had increased by 100 percent compared to the base year.

L'indice immobiliare a Singapore è aumentato a 210,70 punti nel primo trimestre del 2025 rispetto ai 209,40 punti nel quarto trimestre del 2024. Questa pagina fornisce il valore più recente riportato per l'Indice dei Prezzi Immobiliari di Singapore, oltre alle precedenti pubblicazioni, massimi e minimi storici, previsioni a breve termine e previsioni a lungo termine, calendario economico, consenso delle previsioni e notizie.