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.

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Singapore Residential Property Price Index

Actual Previous Highest Lowest Dates Unit Frequency
150.40 152.10 154.60 8.90 1975 - 2020 points Quarterly
NSA 2009Q1=100


Calendar GMT Actual Previous Consensus TEForecast
2020-01-23 12:30 AM URA Property Index QoQ Final Q4 0.5% 1.3% 0.3%
2020-04-01 12:30 AM URA Property Index QoQ Prel Q1 -1.2% 0.5% 1.0%
2020-04-24 01:00 AM URA Property Index QoQ Final Q1 -1% 0.5% -1.2%
2020-07-01 12:30 AM URA Property Index QoQ Prel Q2 1.1% -1%


News Stream
Singapore Private Home Prices Fall for 2nd Quarter
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, 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.
2020-07-01
Singapore Q1 Home Prices Fall Less Initially Thought
Private home prices in Singapore dropped by 1 percent quarter-on-quarter in the March quarter of 2020, compared with the preliminary reading of a 1.2 percent fall and after a 0.5 percent gain in the previous period. Amid an extended lockdown to slow the spread of COVID-19 outbreak, prices fell for both landed property (-0.9 percent vs 3.6 percent in Q4) and non-landed property (-1 percent vs 0.3 percent).
2020-04-24
Singapore Private Home Prices Fall 1.2% in Q1
Private home prices in Singapore dropped by 1.2 percent quarter-on-quarter in the three months ended in March 2020, reversing from a 0.5 percent rise in the prior period, a preliminary data showed. This marked the first quarter of contacation in private home prices in four quarters, as cost of landed property fell (-1.7 percent vs 3.6 percent in Q4) and prices of non-landed property dropped by 1 percent, after a 0.3 percent fall in the fourth quarter.
2020-04-01
Singapore Q4 Private Home Prices Revised Up to 0.5%
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.
2020-01-23

Singapore Residential Property Price Index
In Singapore, Housing Index is measured by all residential property price index.