Trend: house prices up 7.93% y-o-y in Q3 2018

Singapore’s house price rises continue to accelerate, buoyed by strong demand. House prices rose by 7.93% during the year to Q3 2018, a sharp turnaround from a y-o-y decline of 0.52% in Q3 2017. Quarter-on-quarter, house prices increased 0.17% during the latest quarter. 

Analysis: demand and supply

In 2017, total home sales, which include new sales, sub-sales and resales, surged 52.7% y-o-y to 25,010 units, the biggest increase since 2009, according to the Urban Redevelopment Authority. However in the first three quarters of 2018, total transactions fell slightly by 2.8% to 18,279 units compared to the same period last year. In Q3 2018, there were a total of 366,826 housing units available in Singapore, up by 1.9% from the same period last year, according to URA. Of which 341,721 units are occupied, while the remaining 25,105 units are available, making up a 6.8% vacancy rate (down from 7.1% in the previous quarter and 8.4% a year earlier).

Rents, rental yields: yields are poor in Singapore at 2.54%

Singapore apartment costs are high, at around $13,748 per sq. m. 

Singapore: city centre apartment, buying price, monthly rent (120 sq. m)
  Buying price Rate per month Yield
Singapore $1,649,760 $3,498 2.54%

Recent news.  Singapore’s economy grew by 2.6% y-o-y in Q3 2018, a deceleration from annual growth of 4.1% in Q2 2018 and 4.6% in Q1 2018, according to the Ministry of Trade and Industry (MTI). The economy expanded by 3.6% in 2017, faster than the 2.4% growth in 2016. The economy is expected to expand by 2.9% this year and another 2.5% in 2019. 

Get Full Access

Pay $49 $99 per month. Cancel anytime.

Stay updated with global real estate markets

Get the data behind 88 countries for $49 $99 per month.
Latest Market Reports
Rental Yields
House Price Indices
Rent Price Indices
Square Meter Prices
Median Property Prices
Median Rent Prices
Mortgage Rates
Property Taxes
Quarterly Trackers
Quarterly Market Overviews

Subscribe to Global Property Guide

Access up-to-date real estate data and statistics.

This page requires a Professional plan

Get the data behind 80+ countries for $39 per month.
Historical & Current Rental Yields
Historical & Current Purchase Prices
Historical & Current Rent Prices
Historical & Current m2/sqft Prices