Private home prices in Singapore increased by 0.8 percent quarter-on-quarter in the third quarter of 2020, after a 0.3 percent rise in the previous period, a preliminary data showed. This was the second straight quarter of increase in private home prices, as the government gradually reopen the economy following a COVID-19 crisis. Prices of landed property rose 3.8 percent, after a flat reading in Q2; while those of non-landed properties was flat, following a 0.4 percent gain in Q2.

Housing Index in Singapore averaged 80.36 points from 1975 until 2020, reaching an all time high of 154.60 points in the third quarter of 2013 and a record low of 8.90 points in the first quarter of 1975. This page 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 Residential Property Price Index - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Urban Redevelopment Authority

Housing Index in Singapore is expected to be 157.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Singapore to stand at 160.00 in 12 months time. In the long-term, the Singapore Residential Property Price Index is projected to trend around 166.00 points in 2021 and 170.00 points in 2022, according to our econometric models.

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Singapore Residential Property Price Index

Actual Previous Highest Lowest Dates Unit Frequency
153.80 152.60 154.60 8.90 1975 - 2020 points Quarterly
NSA 2009Q1=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-24 01:00 AM URA Property Index QoQ Final Q1 -1% 0.5% -1.2%
2020-07-01 12:30 AM URA Property Index QoQ Prel Q2 -1.1% -1%
2020-07-24 12:30 AM URA Property Index QoQ Final Q2 0.3% -1% 1.1%
2020-10-01 12:30 AM URA Property Index QoQ Prel Q3 0.8% 0.3% 0.8%


News Stream
Singapore Q3 Private Home Prices Rise for 2nd Quarter
Private home prices in Singapore increased by 0.8 percent quarter-on-quarter in the third quarter of 2020, after a 0.3 percent rise in the previous period, preliminary data showed. This was the second straight quarter of increase in private home prices, as the government gradually reopen the economy following a COVID-19 crisis. Prices of landed property rose 3.8 percent, after a flat reading in Q2; while those of non-landed properties was flat, following a 0.4 percent gain in Q2.
2020-10-01
Singapore Q2 Private Home Prices Rise First Time in 3 Quarters
Private home prices in Singapore rose by 0.3 percent quarter-on-quarter in the second quarter of 2020, compared with a preliminary reading of 1.1 percent fall and after a 1 percent drop in the previous period. This was the first increase in private home prices in three quarters, as the government gradually reopen the economy following a COVID-19 crisis. Prices of non-landed properties rose 0.4 percent, following a 1 percent fall in Q1; while those of landed property was flat, after a 0.9 percent decline in Q1.
2020-07-24
Singapore Private Home Prices Fall for 2nd Quarter
Private home prices in Singapore dropped by 1.1 percent quarter-on-quarter in the three months ended in June 2020, after an 1 percent fall in the prior period, preliminary data showed. This marked the second straight quarter of contraction in private home prices, as both cost of landed property (-2.7 percent vs -0.9 percent in Q1) and prices of non-landed property (- 0.6 percent vs -1 percent in Q1) declined, amid the coronavirus crisis.
2020-07-01
Singapore Q1 Home Prices Fall Less Initially Thought
Private home prices in Singapore dropped by 1 percent quarter-on-quarter in the March quarter of 2020, compared with the preliminary reading of a 1.2 percent fall and after a 0.5 percent gain in the previous period. Amid an extended lockdown to slow the spread of COVID-19 outbreak, prices fell for both landed property (-0.9 percent vs 3.6 percent in Q4) and non-landed property (-1 percent vs 0.3 percent).
2020-04-24

Singapore Residential Property Price Index
In Singapore, Housing Index is measured by all residential property price index.