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.

Housing Index in Singapore increased to 204.50 points in the first quarter of 2024 from 201.50 points in the fourth quarter of 2023. 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 (QSGR368BIS) from Q1 1999 to Q3 2024 about Singapore, residential, housing, real, and price.

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.

Singapore Property Price Index: Private Residential (PR): All data was reported at 209.400 1Q2009=100 in Dec 2024. This records an increase from the previous number of 204.700 1Q2009=100 for Sep 2024. Singapore Property Price Index: Private Residential (PR): All data is updated quarterly, averaging 87.450 1Q2009=100 from Mar 1975 (Median) to Dec 2024, with 200 observations. The data reached an all-time high of 209.400 1Q2009=100 in Dec 2024 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]

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.

As of the last quarter of 2022, the residential non-landed property index value amounted to 194.2, which means that property prices increased by 94.2 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.

Singapore Property Price Index: Industrial Space: Multiple-User Factory data was reported at 93.900 4Q2012=100 in Sep 2018. This records an increase from the previous number of 93.800 4Q2012=100 for Jun 2018. Singapore Property Price Index: Industrial Space: Multiple-User Factory data is updated quarterly, averaging 58.300 4Q2012=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 109.900 4Q2012=100 in Jun 2014 and a record low of 30.600 4Q2012=100 in Mar 1990. Singapore Property Price Index: Industrial Space: Multiple-User Factory 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.

In the fourth quarter of 2024, Singapore's retail real estate price index was at 98.4. The retail real estate space price index had started to decline after the fourth quarter of 2021.

The residential statistics were compiled from information in caveats lodged at the option stage with the Singapore Land Registry, supplemented with Stamp Duty data from the Inland Revenue Authority of Singapore, as well as data provided by developers for new sales. A caveat is normally lodged by a purchaser to protect his/her interest of a property shortly after the option to purchase is exercised. The prices in 2009-Q1 are used as the base reference price of the index. The indices are compiled based on a Stratified Hedonic Regression method. The value of properties transacted in the past 5 quarters are used as weights. The weights are revised every 3 years. The latest revision was in 2015-Q1.

Singapore Property Price Index: Industrial Space: Multiple User Warehouse data was reported at 196.500 4Q1998=100 in Sep 2014. This records an increase from the previous number of 190.400 4Q1998=100 for Jun 2014. Singapore Property Price Index: Industrial Space: Multiple User Warehouse data is updated quarterly, averaging 105.900 4Q1998=100 from Jun 1993 (Median) to Sep 2014, with 85 observations. The data reached an all-time high of 221.400 4Q1998=100 in Sep 2013 and a record low of 85.400 4Q1998=100 in Mar 1994. Singapore Property Price Index: Industrial Space: Multiple User Warehouse 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.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 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.

O Índice de Preços de Casas MoM em Singapura aumentou para 2,30 por cento no quarto trimestre de 2024, em comparação com -0,70 por cento no terceiro trimestre de 2024. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Cingapura - Índice de Preços de Imóveis (mensal).

Singapore Property Rental Index: PR: Landed data was reported at 101.000 1Q2009=100 in Sep 2018. This records an increase from the previous number of 100.500 1Q2009=100 for Jun 2018. Singapore Property Rental Index: PR: Landed data is updated quarterly, averaging 103.400 1Q2009=100 from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 120.000 1Q2009=100 in Sep 2013 and a record low of 66.100 1Q2009=100 in Jun 2004. Singapore Property Rental Index: PR: Landed data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

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.

Singapore Property Price Index: PR: Non Landed (NL): Core Central Region data was reported at 199.500 4Q1998=100 in Dec 2014. This records a decrease from the previous number of 201.300 4Q1998=100 for Sep 2014. Singapore Property Price Index: PR: Non Landed (NL): Core Central Region data is updated quarterly, averaging 192.150 4Q1998=100 from Mar 2004 (Median) to Dec 2014, with 44 observations. The data reached an all-time high of 213.500 4Q1998=100 in Mar 2013 and a record low of 114.900 4Q1998=100 in Mar 2004. Singapore Property Price Index: PR: Non Landed (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.

The market is segmented by Type (Apartments and Condominiums, Villas and landed houses). The report offers market size and forecasts for luxury residential real estate market in Singapore for all above segments.

Singapore Property Price Index: Office Space: Central Area data was reported at 138.500 4Q1998=100 in Sep 2018. This stayed constant from the previous number of 138.500 4Q1998=100 for Jun 2018. Singapore Property Price Index: Office Space: Central Area data is updated quarterly, averaging 105.800 4Q1998=100 from Mar 1988 (Median) to Sep 2018, with 123 observations. The data reached an all-time high of 157.800 4Q1998=100 in Sep 1996 and a record low of 50.900 4Q1998=100 in Mar 1988. Singapore Property Price Index: Office Space: Central Area 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.

Source: URBAN REDEVELOPMENT AUTHORITY

Data Last Updated: 24/01/2025

Update Frequency: Quarterly

Footnotes: Data are computed using stratified hedonic regression method. The sum of values of transactions from Q1 2014 to Q1 2015 is used as weights to compute the index. Prior to 3Q 2016, data are compiled based on transaction prices given in contracts submitted for stamp duty payment and data provided by licensed developers on new units sold. From 3Q2016, net prices of units sold by de-licensed developers are included as well.

Adapted from: https://tablebuilder.singstat.gov.sg/table/TS/M212261