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.
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 August 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.