Private home prices in Singapore increased by 3.5 percent quarter-on-quarter in the three months to June of 2022, compared with the preliminary reading of a 3.2 percent growth and after a final a 0.7 percent rise in the previous quarter. The latest figure marked the ninth straight quarter of increases in private home prices, largely linked to a sharp bounce in cost of non-landed property (3.6 percent vs -0.3 percent in Q1). Meantime, cost of landed property moderated (2.9 percent vs 4.2 percent). Going forward, the upward momentum may be threatened by worries over rising cost of living and higher interest rates. In 2021, private home prices jumped 10.6 percent, way faster than a 2.2 percent rise a year earlier. source: Urban Redevelopment Authority
Housing Index in Singapore averaged 83.98 points from 1975 until 2022, reaching an all time high of 180.40 points in the second quarter of 2022 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 September of 2022.
Housing Index in Singapore is expected to be 170.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Residential Property Price Index is projected to trend around 180.00 points in 2023, according to our econometric models.