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Singapore Residential Property Price Index, Graphed (2009=100)

Singapore

Source: Urban Redevelopment Authority

House prices in Singapore, % change 1 yr

Nominal and inflation-adjusted ('real')

Singapore

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20232.07%-1.17%-0.12%1.97%
2022-0.96%1.47%1.86%-0.48%
20212.49%0.09%0.53%3.41%
2020-0.91%1.15%0.4%1.69%
2019-0.86%1.21%1.39%0.29%
20183.71%3.42%0.1%-0.02%
2017-0.75%0.02%0.74%0.63%
2016-0.51%-0.18%-1.82%-0.66%
2015-0.94%-0.73%-1.11%-0.23%
2014-1.43%-0.99%-0.73%-0.91%
2013-0.61%2.29%-0.73%-1.78%
2012-1.33%-0.61%-0.3%1.09%
20110.38%1.23%-0.62%-0.64%
20104.95%4.05%1.71%1.8%
2009-13.23%-3.82%14.75%7.01%
20082.41%-2.02%-3.67%-6.76%
20075.83%6.75%5.93%5.12%
20061.77%1.67%2.34%3.44%
20051.23%0.23%0.47%0.84%
2004-1.26%-0.33%0.03%0.8%
2003-1.18%-0.41%-0.81%-0.32%
2002-1.01%-1.05%0.48%-0.38%
2001-4.47%-0.75%-3%-3.79%
20002.37%1.63%-3.62%-3.22%
19995.33%11.56%7.87%5.27%
1998-7.89%-12.96%-8.51%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.