Private home prices in Singapore increased by 2.1 percent quarter-on-quarter in the fourth quarter of 2020, in line with a preliminary estimate and after a 0.8 percent growth in the previous period. This was the third straight quarter of increase in private home prices, as the government reopen the economy following a COVID-19 crisis. Prices of non-landed properties surged 3.0 percent, after increasing by 0.1 percent in Q3, while those of landed property dropped 1.6 percent, following a 3.7 percent rise in Q3. For 2020 full year, private home prices rose by 2.2 percent, compared with the 2.7 percent increase in 2019. 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 January of 2021.
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.