Private home prices in Singapore rose by 0.5 percent quarter-on-quarter in the September quarter of 2018, unchanged from the preliminary figure and after a 3.4 percent gain in the previous period. It was the weakest rise in private home prices since the second quarter of 2017, amid efforts from government to impose additional property curbs. Prices of landed property went up 2.3 percent, slower than a 4.1 percent rise in the second quarter. Meantime, prices of non-landed properties were flat, following a 3.2 percent gain in the prior period. Among this category, prices fell in the outside central region (-0.1 percent vs 3 percent) and rest of central region (-1.3 percent vs 5.6 percent); while increased further in the core central region (1.3 percent vs 0.9 percent). Housing Index in Singapore averaged 77.52 Index Points from 1975 until 2018, 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.
Housing Index in Singapore is expected to be 152.00 Index 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 154.00 in 12 months time. In the long-term, the Singapore Residential Property Price Index is projected to trend around 156.00 Index Points in 2020, according to our econometric models.