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, a 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.
Housing Index in Singapore averaged 79.15 Index Points from 1975 until 2019, reaching an all time high of 154.60 Index Points in the third quarter of 2013 and a record low of 8.90 Index 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 July 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.