Private home prices in Singapore rose by 0.7 percent quarter-on-quarter in the three months to March of 2022, compared with the preliminary reading of a 0.4 percent growth and after a 5.0 percent expansion in the previous period. The latest figure marked the eighth straight quarter of increases in private home prices, amid a decline in prices of non-landed property (-0.3 percent vs 5.3 percent in Q4) due to property curbs, higher taxes, and headwinds from the war in Ukraine. Meanwhile, prices of landed properties went up faster (4.2 percent vs 3.9 percent). Last year, private home prices rose by 10.6 percent, sharply picking up from a 2.2 percent growth in 2020. source: Urban Redevelopment Authority
Housing Index in Singapore averaged 82.50 points from 1975 until 2021, reaching an all time high of 165.30 points in the third quarter of 2021 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 June of 2022.
Housing Index in Singapore is expected to be 166.00 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 172.00 points in 2022 and 180.00 points in 2023, according to our econometric models.