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.

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.

In the fourth quarter of 2024, the median rental value on contract dates for office spaces in category * was ***** Singapore dollars per square foot per month (psf pm) and for category * was **** Singapore dollars psf pm. The value of median office rentals have increased since the first quarter of 2021.

Singapore Property Rental Index: Private Residential (PR) data was reported at 159.000 4Q1998=100 in Dec 2014. This records a decrease from the previous number of 160.600 4Q1998=100 for Sep 2014. Singapore Property Rental Index: Private Residential (PR) data is updated quarterly, averaging 138.200 4Q1998=100 from Mar 1990 (Median) to Dec 2014, with 100 observations. The data reached an all-time high of 164.800 4Q1998=100 in Sep 2013 and a record low of 89.200 4Q1998=100 in Jun 2004. Singapore Property Rental Index: Private Residential (PR) 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 office rent index value in Singapore in the 4th quarter 2024 was ***. The index values represent the change of office rent price from the base year of 1998. By ** 2024, the office rent index had increased by 100 percent compared to the base year.

Median Rent by Town, Flat Type Per Quarter. The data is based on rent self-declared in the renting out of flat application. The median rent indicates that half the total number of units were rented above that price while half were below.

NOTES:

• The figures are based on rent declared in the renting out of flat applications and rounded off to the nearest $10
• "-" Indicates that the median rent is not shown because there are less than 20 renting out of flat transactions in the quarter for that particular town and flat type. The median rent of these cases are not shown as they may not be representative.

In the fourth quarter of 2024, the rental index for industrial property in Singapore was at *****. This was the highest value since the third quarter of 2018.

Dataset from Housing & Development Board. For more information, visit https://data.gov.sg/datasets/d_c9f57187485a850908655db0e8cfe651/view

The ASEAN car rental market is experiencing robust growth, projected to reach $2.58 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.70% from 2025 to 2033. This expansion is driven by several key factors. The rise of tourism in Southeast Asia, particularly among budget-conscious travelers seeking flexible transportation options, significantly fuels market demand. Increased urbanization and growing middle classes in countries like Indonesia, Vietnam, and Thailand are further bolstering the need for convenient short-term and long-term car rentals for both personal and business travel. The burgeoning online booking platforms are simplifying the rental process, improving accessibility and transparency, contributing significantly to this growth. While regulatory hurdles and infrastructural limitations in certain regions might pose some challenges, the overall positive economic outlook and the increasing adoption of technology within the car rental industry are expected to mitigate these constraints. The market segmentation reveals diverse opportunities. Online bookings are rapidly gaining traction, surpassing offline methods as consumers prioritize convenience and competitive pricing. Short-term rentals dominate the market due to tourist demand, while long-term rentals are witnessing growth due to the rising needs of expatriates and business travelers. The tourism sector remains the largest application segment, although the commuting segment is expected to show significant growth in the coming years, particularly in major cities across the region. Key players like INDORENT, Blue Bird Group, and Tribecar Pte Ltd are leveraging technology and expanding their service offerings to capture market share in this competitive landscape. Indonesia and Vietnam are likely to be the leading markets due to their large populations and growing economies. However, all ASEAN countries are expected to witness substantial growth over the forecast period. Recent developments include: February 2024: Sime Darby Auto Bavaria entered into a partnership with Sime Darby Rent-A-Car (SDRAC) - Hertz Malaysia to introduce luxury electric cars for rental service. This collaboration enabled the company to enhance its vehicle fleet and extend its car rental offerings nationwide., November 2023: Green Motion, an international brand in the car rental industry, announced a significant achievement in its global expansion plan. The expansion was facilitated by a master franchise partnership with Lokman Hakim Ibrahim, an enterprising and independent entrepreneur with expertise in the car rental sector.. Key drivers for this market are: Rise in Tourism is Driving the Market's Growth. Potential restraints include: Rise in Tourism is Driving the Market's Growth. Notable trends are: Online Booking Segment Driving Market Growth.

Singapore Residential Property Transaction: Avg Price: Apartment: North East data was reported at 827.500 SGD/Unit th in Oct 2018. This records a decrease from the previous number of 935.000 SGD/Unit th for Sep 2018. Singapore Residential Property Transaction: Avg Price: Apartment: North East data is updated monthly, averaging 692.500 SGD/Unit th from Jan 1995 (Median) to Oct 2018, with 286 observations. The data reached an all-time high of 1,542.939 SGD/Unit th in Feb 2013 and a record low of 378.000 SGD/Unit th in Oct 2003. Singapore Residential Property Transaction: Avg Price: Apartment: North East data remains active status in CEIC and is reported by Urban Redevelopment Authority. The data is categorized under Global Database’s Singapore – Table SG.EB016: Private Residential Property Transaction.

In the fourth quarter of 2024, the median rental value on lease commencement for office spaces in category * was ***** Singapore dollars per square foot per month (psf pm) and for category * was **** Singapore dollars psf pm. The value of office rentals have bounced back from the first quarter of 2021.

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.

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.

The Singapore luxury residential real estate market exhibits robust growth potential, driven by factors such as a strong economy, limited land supply, and increasing high-net-worth individual (HNWI) population. The market size in 2025 is estimated at $15 billion (assuming a conservative estimate based on comparable markets and a CAGR of 3%), with a projected Compound Annual Growth Rate (CAGR) exceeding 3% from 2025 to 2033. This sustained growth is fueled by increasing demand from both domestic and international buyers seeking prime properties in a stable and politically secure environment. Furthermore, government policies aimed at enhancing Singapore's attractiveness as a global hub for finance and technology indirectly contribute to the market's expansion by attracting wealthy individuals and professionals. Trends such as the rise of smart homes, sustainable building practices, and a preference for larger, more luxurious properties are shaping the market landscape. However, potential restraints include government regulations aimed at cooling the property market, fluctuating global economic conditions, and competition from other high-end residential markets in Asia. Despite these constraints, the market's inherent strengths—a strong legal framework, political stability, and a thriving economy—support its continued growth trajectory. Key players like Hoi Hup Realty Pte Ltd, Oxley Holdings Limited, and CapitaLand Limited are shaping the market through innovative developments and strategic acquisitions. The market segmentation is driven primarily by location (prime districts), property type (penthouses, villas, and high-rise apartments), and amenities offered. The future outlook for the Singapore luxury residential real estate market remains positive, suggesting sustained growth and investment opportunities over the forecast period. Key drivers for this market are: Rapid urbanization, Government initiatives. Potential restraints include: High property prices, Regulatory challenges. Notable trends are: UHNWI in Asia Driving the Demand for Luxury Properties.

Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Acc) data was reported at 99.667 2019=100 in Jun 2020. This records a decrease from the previous number of 100.091 2019=100 for Dec 2019. Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Acc) data is updated semiannually, averaging 95.537 2019=100 from Jun 2008 (Median) to Jun 2020, with 25 observations. The data reached an all-time high of 100.091 2019=100 in Dec 2019 and a record low of 83.392 2019=100 in Jun 2009. Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Acc) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I015: Consumer Price Index: By Income Levels: 2019=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.

The highest average monthly gross rent for retail space in Singapore in the fourth quarter of 2024 was **** Singapore dollars per square foot for first story spaces in the Orchard/Scotts Road area (OSR). The lowest average monthly gross rents were seen in "Other city areas", or the areas not considered suburbs, fringe areas, or the OSR.

Singapore Consumer Price Index (CPI): IL: Highest 20 %: Less Imputed Rent (Owner-occupied Accom) data was reported at 102.646 2014=100 in Jun 2018. This records an increase from the previous number of 102.055 2014=100 for Dec 2017. Singapore Consumer Price Index (CPI): IL: Highest 20 %: Less Imputed Rent (Owner-occupied Accom) data is updated semiannually, averaging 98.493 2014=100 from Jun 2008 (Median) to Jun 2018, with 21 observations. The data reached an all-time high of 102.646 2014=100 in Jun 2018 and a record low of 85.067 2014=100 in Jun 2009. Singapore Consumer Price Index (CPI): IL: Highest 20 %: Less Imputed Rent (Owner-occupied Accom) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I011: Consumer Price Index: By Income Levels: 2014=100.

Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Accom) data was reported at 103.272 2014=100 in Jun 2018. This records an increase from the previous number of 102.546 2014=100 for Dec 2017. Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Accom) data is updated semiannually, averaging 98.296 2014=100 from Jun 2008 (Median) to Jun 2018, with 21 observations. The data reached an all-time high of 103.272 2014=100 in Jun 2018 and a record low of 87.143 2014=100 in Jun 2009. Singapore Consumer Price Index (CPI): IL: Middle 60 %: Less Imputed Rent (Owner-occupied Accom) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I011: Consumer Price Index: By Income Levels: 2014=100.

As of 1st January 2025, the average resale price of a Housing Development Board (HDB) 4-room flat was at ******* Singapore dollars. The resale price of such flats had increased by about ******* 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 ** 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.