Private home prices in Singapore increased by 3.3 percent quarter-on-quarter in the first quarter of 2021, higher than a preliminary estimate of 2.9 percent and after a 2.1 percent growth in the previous period. This was the fourth straight quarter of increase in private home prices, as the government reopen the economy following a COVID-19 crisis. Prices of landed property surged 6.7 percent, rebounding sharply from a 1.6 percent drop in Q4 of 2020, while those of non-landed properties rose 2.5 percent, after increasing by 3.0 percent in Q4 of 2020. source: Urban Redevelopment Authority
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 June of 2021.
Housing Index in Singapore is expected to be 162.00 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 168.00 in 12 months time. In the long-term, the Singapore Residential Property Price Index is projected to trend around 170.00 points in 2022, according to our econometric models.