In the last quarter of 2023, the index value amounted to *****, which means that house 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.
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.
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Singapore: Percent agricultural land: The latest value from 2022 is 0.92 percent, unchanged from 0.92 percent in 2021. In comparison, the world average is 38.55 percent, based on data from 189 countries. Historically, the average for Singapore from 1961 to 2022 is 6.98 percent. The minimum value, 0.92 percent, was reached in 2018 while the maximum of 20.9 percent was recorded in 1961.
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Agricultural land (% of land area) in Singapore was reported at 0.91922 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Agricultural land (% of land area) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.
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Historical dataset showing Singapore arable land by year from 1961 to 2022.
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Singapore: Land area in sq. km: The latest value from 2022 is 718 sq. km, unchanged from 718 sq. km in 2021. In comparison, the world average is 673036 sq. km, based on data from 191 countries. Historically, the average for Singapore from 1961 to 2022 is 681 sq. km. The minimum value, 670 sq. km, was reached in 1961 while the maximum of 718 sq. km was recorded in 2020.
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: Arable land, percent of total land area: The latest value from 2022 is 0.8 percent, unchanged from 0.8 percent in 2021. In comparison, the world average is 14.5 percent, based on data from 189 countries. Historically, the average for Singapore from 1961 to 2022 is 2.4 percent. The minimum value, 0.8 percent, was reached in 2013 while the maximum of 6 percent was recorded in 1962.
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The Singapore luxury residential real estate market, valued at approximately $XX million in 2025, is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, Singapore's robust economy and its position as a global financial hub attract high-net-worth individuals seeking prestigious properties. Secondly, a limited supply of luxury units in prime locations, coupled with increasing demand from both domestic and international buyers, contributes to price appreciation. Furthermore, ongoing government initiatives promoting sustainable urban development and infrastructure improvements further enhance the appeal of luxury residential properties. The market is segmented by property type, with apartments and condominiums dominating the market share followed by villas and landed houses, catering to diverse luxury preferences. Key players like City Developments Limited, CapitaLand Limited, and Keppel Land Limited, along with several other prominent developers, shape the competitive landscape. However, several factors could potentially restrain market growth. Interest rate hikes and fluctuations in global economic conditions can impact buyer sentiment and affordability. Furthermore, stringent government regulations on foreign ownership and development approvals can influence the supply of luxury properties. Nevertheless, the long-term outlook remains positive, driven by Singapore's strong economic fundamentals and persistent demand for premium residential assets. The consistent inflow of high-net-worth individuals and continued development of luxurious properties in strategic areas underpin the market's projected expansion through 2033. The market's resilience is expected to navigate potential short-term challenges and deliver sustainable growth in the coming years. Recent developments include: July 2021: GuocoLand Limited ('GuocoLand') and its subsidiaries (together with GuocoLand the 'Group') announced a series of strategic partnerships with local technology companies to accelerate the digitalisation of its business. As part of its digitalisation programme, the Group aims to implement more than 20 digital-related projects over the next two years in its efforts to strengthen its property investment and development businesses, affirming its position as an innovative, forward-looking real estate company. The Group will collaborate with local enterprises Airsquire, Groundup.ai, Operva AI, SpaceAge Labs and Doxa on projects that will deploy artificial intelligence (AI), Internet of Things (IoT), drone technology and smart devices, amongst other innovations., May 2022: City Developments Limited (CDL) and MCL Land commenced sales for the highly anticipated 407-unit Piccadilly Grand on 7 May 2022. Piccadilly Grand comprises three 23-storey towers seamlessly connected to Piccadilly Galleria, which houses about 1,500 square metres (sqm) of F&B and retail space and a 500 sqm childcare centre on the ground floor. Apartments are integrated with state-of-the-art facilities, smart home technologies, and luxury kitchen appliances from Bosch and fittings and sanitary fittings from Villeroy & Boch and Hansgrohe. Imported marble flooring is provided for the living and dining areas inside the four- and five-bedroom units.. Notable trends are: UHNWI in Asia Driving the Demand for Luxury Properties.
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SPPI: 2022=100: FF: Land Freight Forwarding data was reported at 141.100 2022=100 in Dec 2024. This records an increase from the previous number of 140.800 2022=100 for Sep 2024. SPPI: 2022=100: FF: Land Freight Forwarding data is updated quarterly, averaging 98.250 2022=100 from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 142.200 2022=100 in Dec 2023 and a record low of 87.900 2022=100 in Jun 2022. SPPI: 2022=100: FF: Land Freight Forwarding data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I062: Services Producer Price Index.
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The average for 2022 based on 11 countries was 28.32 percent. The highest value was in India: 60.05 percent and the lowest value was in Singapore: 0.92 percent. The indicator is available from 1961 to 2022. Below is a chart for all countries where data are available.
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The ASEAN condominiums and apartments market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7.5% from 2025 to 2033. This expansion is fueled by several key drivers, including rapid urbanization, rising disposable incomes, and a growing preference for modern, convenient living spaces within increasingly dense urban centers. Strong tourism and foreign investment inflows, particularly in key ASEAN hubs like Singapore, Bangkok, and Kuala Lumpur, further stimulate demand. However, the market faces challenges such as fluctuating interest rates impacting mortgage affordability and potential regulatory hurdles related to land acquisition and construction permits. Market segmentation reveals significant variations in price points and unit types across different ASEAN nations, reflecting local economic conditions and consumer preferences. The dominance of large, established developers like Vinhomes, Sinar Mas Land, and Ayala Land underscores the importance of brand recognition and established market presence. Furthermore, the increasing focus on sustainable and technologically advanced building practices presents both an opportunity and a challenge for developers seeking to balance cost-effectiveness with environmentally conscious development. The consistent demand across various segments points towards a resilient and expansive future for the ASEAN condominium and apartment sector. The competitive landscape is highly fragmented, with both established multinational developers and local players vying for market share. Success hinges on effective marketing strategies targeted at the specific needs and preferences of each country's demographic. The market is witnessing the introduction of innovative property models, such as co-living spaces and build-to-rent developments, catering to evolving lifestyles and demands. Analyzing import and export data reveals significant cross-border trade in construction materials and related goods, influencing pricing and overall market dynamics. A detailed price trend analysis across various market segments highlights fluctuations based on factors like location, amenities, and economic cycles. Government policies aimed at affordable housing initiatives influence the affordable segment significantly, while luxury condominium projects remain a resilient segment driven by high net-worth individuals and foreign investors. The overall forecast suggests continued growth, albeit with potential fluctuations influenced by macroeconomic factors. Recent developments include: September 2022 - GuocoLand's Lentor Modern, a 99-year leasehold integrated private residential project, sold 508 units, or 84% of its 605 units, during its initial launch. GuocoLand said in a press release that units in the integrated mixed-use development to be built in the new Lentor Hills estate in District 20 ranged from USD 1,856 per sq ft to USD 2,538 per sq ft. Prices for the units ranged from USD 1.07 million for a 527 sq ft one-bedroom unit to USD 3.33 million for a 1,528 sq ft four-bedroom apartment at the time of launch., June 2022 - A Chinese national is said to have paid more than USD 62.92 million for 20 units at CanningHill Piers, a condominium on the Singapore River. The buyer, who is from Fujian, China, is also said to be interested in purchasing 10 more units, bringing the total transaction value to more than USD 74.02 million. The 20 units purchased a few days ago include ten three-room flats priced between USD 2.29 million and USD 2.44 million and ten four-room flats priced between USD 3.92 million and USD 4.15 million.. Key drivers for this market are: 4., Rising Disposable Incomes4.; Government Initiatives4.; Growing Expatriate Population. Potential restraints include: 4., Regulatory Framework4.; The Risk of Oversupply. Notable trends are: Increase in demand for multifamily housing driving the market.
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Global enterprise intellectual property (IP) management software market demand is anticipated to be valued at US$ 7624.9 million in 2023, forecast a CAGR of 17.6% to be valued at US$ 38684.6 million from 2023 to 2033.Growth is attributed to the increasing advancement in end-user industries. From 2018 to 2022 a CAGR of 15.5% was registered for the enterprise intellectual property (IP) management software market.
Data Points | Key Statistics |
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Growth Rate (2018 to 2022) | 15.5% CAGR |
Projected Growth Rate (2023 to 2033) | 17.6% CAGR |
Expected Market Value (2023) | US$ 7624.9 million |
Anticipated Forecast Value (2033) | US$ 38684.6 million |
Report Scope
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 17.6% from 2023 to 2033 |
Expected Market Value (2023) | US$ 7624.9 million |
Anticipated Forecast Value (2033) | US$ 38684.6 million |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
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In the last quarter of 2023, the index value amounted to *****, which means that house 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.