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: Shop: Central Area data was reported at 100.300 4Q1998=100 in Jun 2018. This records a decrease from the previous number of 101.300 4Q1998=100 for Mar 2018. Singapore Property Rental Index: Shop: Central Area data is updated quarterly, averaging 119.500 4Q1998=100 from Mar 1990 (Median) to Jun 2018, with 114 observations. The data reached an all-time high of 211.800 4Q1998=100 in Mar 1990 and a record low of 89.200 4Q1998=100 in Mar 2004. Singapore Property Rental Index: Shop: 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.EB004: Property Rental Index.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_a6c0ffc105817820388fd7b46fc67b13/view

Singapore Property Rental Index: Retail Space: Fringe Area data was reported at 92.700 4Q1998=100 in Sep 2018. This records a decrease from the previous number of 93.500 4Q1998=100 for Jun 2018. Singapore Property Rental Index: Retail Space: Fringe Area data is updated quarterly, averaging 108.800 4Q1998=100 from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 111.800 4Q1998=100 in Dec 2014 and a record low of 92.700 4Q1998=100 in Sep 2018. Singapore Property Rental Index: Retail Space: 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.

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

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

Singapore Property Price Index: Retail Space: Central Area data was reported at 100.000 4Q1998=100 in Sep 2018. This records an increase from the previous number of 99.300 4Q1998=100 for Jun 2018. Singapore Property Price Index: Retail Space: Central Area data is updated quarterly, averaging 118.400 4Q1998=100 from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 123.800 4Q1998=100 in Sep 2013 and a record low of 99.300 4Q1998=100 in Jun 2018. Singapore Property Price Index: Retail 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.

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.

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 Property Price Index: Shop Space: Fringe Area data was reported at 123.500 4Q1998=100 in Sep 2018. This records an increase from the previous number of 123.400 4Q1998=100 for Jun 2018. Singapore Property Price Index: Shop Space: Fringe Area data is updated quarterly, averaging 110.000 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 158.400 4Q1998=100 in Jun 1996 and a record low of 76.200 4Q1998=100 in Mar 1992. Singapore Property Price Index: Shop Space: 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.EB002: Property Price Index.

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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

Singapore Property Price Index: Shop Space: Central Area data was reported at 97.500 4Q1998=100 in Sep 2018. This records a decrease from the previous number of 97.800 4Q1998=100 for Jun 2018. Singapore Property Price Index: Shop Space: Central Area data is updated quarterly, averaging 110.900 4Q1998=100 from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 143.200 4Q1998=100 in Sep 1996 and a record low of 82.300 4Q1998=100 in Mar 2004. Singapore Property Price Index: Shop 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.

物业租赁指数：商店：中央地区在06-01-2018达100.3001998年4季度=100，相较于03-01-2018的101.3001998年4季度=100有所下降。物业租赁指数：商店：中央地区数据按季更新，03-01-1990至06-01-2018期间平均值为119.5001998年4季度=100，共114份观测结果。该数据的历史最高值出现于03-01-1990，达211.8001998年4季度=100，而历史最低值则出现于03-01-2004，为89.2001998年4季度=100。CEIC提供的物业租赁指数：商店：中央地区数据处于定期更新的状态，数据来源于Urban Redevelopment Authority，数据归类于Global Database的新加坡 – 表 SG.E007：物业租赁指数。

物业租赁指数：商店：电视接收边缘区在09-01-2018达91.2001998年4季度=100，相较于06-01-2018的93.5001998年4季度=100有所下降。物业租赁指数：商店：电视接收边缘区数据按季更新，03-01-1990至09-01-2018期间平均值为104.7001998年4季度=100，共115份观测结果。该数据的历史最高值出现于03-01-1990，达226.8001998年4季度=100，而历史最低值则出现于06-01-2004，为75.8001998年4季度=100。CEIC提供的物业租赁指数：商店：电视接收边缘区数据处于定期更新的状态，数据来源于Urban Redevelopment Authority，数据归类于Global Database的新加坡 – 表 SG.E007：物业租赁指数。

物业价格指数：店铺面积：中央地区在09-01-2018达97.5001998年4季度=100，相较于06-01-2018的97.8001998年4季度=100有所下降。物业价格指数：店铺面积：中央地区数据按季更新，03-01-1990至09-01-2018期间平均值为110.9001998年4季度=100，共115份观测结果。该数据的历史最高值出现于09-01-1996，达143.2001998年4季度=100，而历史最低值则出现于03-01-2004，为82.3001998年4季度=100。CEIC提供的物业价格指数：店铺面积：中央地区数据处于定期更新的状态，数据来源于Urban Redevelopment Authority，数据归类于Global Database的新加坡 – 表 SG.E005：物业价格指数。

物业价格指数：零售空间：电视接收边缘区在09-01-2018达123.5001998年4季度=100，相较于06-01-2018的123.4001998年4季度=100有所增长。物业价格指数：零售空间：电视接收边缘区数据按季更新，03-01-2011至09-01-2018期间平均值为130.6001998年4季度=100，共31份观测结果。该数据的历史最高值出现于06-01-2014，达137.3001998年4季度=100，而历史最低值则出现于12-01-2017，为122.8001998年4季度=100。CEIC提供的物业价格指数：零售空间：电视接收边缘区数据处于定期更新的状态，数据来源于Urban Redevelopment Authority，数据归类于Global Database的新加坡 – 表 SG.E005：物业价格指数。