Private home prices in Singapore was revised higher to 0.5 percent quarter-on-quarter in the fourth quarter 2019 from a preliminary estimate of 0.3 percent rise and after an 1.3 percent increase in the previous period. This marked the third straight quarter of growth in private home prices, as cost of landed property rose (3.6 percent vs 1 percent in Q3). At the same time, prices of non-landed property dropped by 0.3 percent, following 1.3 percent gain in the third quarter. For the whole of 2019, prices of private home properties went up by 2.7 percent, compared to a 7.9 percent rise in 2018.
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. source: Urban Redevelopment Authority
Housing Index in Singapore is expected to be 154.80 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 159.40 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.