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.

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, Singapore's retail real estate rental index was at ****. The retail real estate space rental index had started to decline after the fourth quarter of 2019.

Singapore Property Rental Index: Industrial data was reported at 137.400 4Q1998=100 in Sep 2014. This records a decrease from the previous number of 139.900 4Q1998=100 for Jun 2014. Singapore Property Rental Index: Industrial data is updated quarterly, averaging 106.300 4Q1998=100 from Mar 1990 (Median) to Sep 2014, with 99 observations. The data reached an all-time high of 146.400 4Q1998=100 in Jun 1996 and a record low of 69.200 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Industrial 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 rental index for industrial property in Singapore was at *****. This was the highest value since the third quarter of 2018.

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.

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: Office: Fringe Area data was reported at 146.000 4Q1998=100 in Sep 2018. This records an increase from the previous number of 145.700 4Q1998=100 for Jun 2018. Singapore Property Rental Index: Office: Fringe Area data is updated quarterly, averaging 121.200 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 154.400 4Q1998=100 in Dec 2014 and a record low of 74.100 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Office: Fringe 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.EB004: Property Rental Index.

Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_8e4c50283fb7052a391dfb746a05c853/view

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_647dabde09e726b9eeb75e4d9cd96699/view

Singapore Property Rental Index: Industrial: Single User Factory data was reported at 95.800 4Q2012=100 in Sep 2018. This records a decrease from the previous number of 95.900 4Q2012=100 for Jun 2018. Singapore Property Rental Index: Industrial: Single User Factory data is updated quarterly, averaging 100.000 4Q2012=100 from Mar 2010 (Median) to Sep 2018, with 35 observations. The data reached an all-time high of 109.500 4Q2012=100 in Sep 2014 and a record low of 76.600 4Q2012=100 in Mar 2010. Singapore Property Rental Index: Industrial: Single User Factory data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

Singapore Property Rental Index: Industrial: Business Park data was reported at 112.000 4Q2012=100 in Sep 2018. This records a decrease from the previous number of 112.100 4Q2012=100 for Jun 2018. Singapore Property Rental Index: Industrial: Business Park data is updated quarterly, averaging 104.300 4Q2012=100 from Mar 2010 (Median) to Sep 2018, with 35 observations. The data reached an all-time high of 112.100 4Q2012=100 in Jun 2018 and a record low of 92.300 4Q2012=100 in Dec 2010. Singapore Property Rental Index: Industrial: Business Park data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.EB004: Property Rental Index.

Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_862c74b13138382b9f0c50c68d436b95/view

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_37e46b203bb77387328d25882247d000/view

Singapore Property Rental Index: Office data was reported at 174.600 4Q1998=100 in Sep 2018. This records an increase from the previous number of 170.300 4Q1998=100 for Jun 2018. Singapore Property Rental Index: Office data is updated quarterly, averaging 123.600 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 199.700 4Q1998=100 in Jun 2008 and a record low of 73.400 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Office 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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_0c8aa26a461084bdf712976aae1d810a/view

Singapore Property Rental Index: Shop data was reported at 96.600 4Q1998=100 in Sep 2018. This records a decrease from the previous number of 98.200 4Q1998=100 for Jun 2018. Singapore Property Rental Index: Shop data is updated quarterly, averaging 116.400 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 212.900 4Q1998=100 in Mar 1990 and a record low of 86.400 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Shop 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.

Snapshot img

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

Singapore Property Rental Index: PR: NL: Outside Central Region data was reported at 148.400 4Q1998=100 in Dec 2014. This records a decrease from the previous number of 149.600 4Q1998=100 for Sep 2014. Singapore Property Rental Index: PR: NL: Outside Central Region data is updated quarterly, averaging 135.500 4Q1998=100 from Mar 2004 (Median) to Dec 2014, with 44 observations. The data reached an all-time high of 154.600 4Q1998=100 in Jun 2013 and a record low of 81.200 4Q1998=100 in Jun 2004. Singapore Property Rental Index: PR: NL: Outside 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.EB004: Property Rental Index.

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.