Price charts

At one glance, look at how the Singapore public and private property market has been performing.


HDB Resale Price Index (RPI) 4Q2018

This index can be used to compare the overall price movements of HDB resale flats. It is calculated using resale transactions registered across towns, flat types, and models. The base period is the 1st quarter of 2009, i.e. RPI has a value of 100 in 1st quarter 2009. For example, if the index increases from 100 to 108 in 1 year, that means that on the whole, HDB resale flat prices increased by about 8% over that year.


Private residential market

Key indicatorsChange3Q20184Q2018
Price index-0.1%149.7149.6
Rental index-1.0%104.1103.1
Take-up-39.0%3,0121,836
Pipeline supply+2.3%50,33051,498
Vacancy rate-0.4% point6.8%6.4%

Prices of private residential properties decreased by 0.1% in 4th Quarter 2018, compared with the 0.5% increase in the previous quarter. For the whole of 2018, prices of private residential properties increased by 7.9%, compared with the 1.1% increase in 2017.

Prices of landed properties declined by 2.0% in 4th Quarter 2018, compared with the 2.3% increase in the previous quarter. Prices of non-landed properties rose by 0.5%, after remaining unchanged in the previous quarter. For the whole of 2018, prices of landed properties rose by 6.3% while those of non-landed properties rose by 8.3%.

Prices of non-landed properties in Core Central Region (CCR) decreased by 1.0% in 4th Quarter 2018, compared with the 1.3% increase in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) increased by 1.8%, compared with the 1.3% decrease in the previous quarter. Prices of non-landed properties in Outside Central Region (OCR) increased by 0.7%, compared with the 0.1% decrease in the previous quarter. For the whole of 2018, prices of non-landed properties in CCR, RCR and OCR increased by 6.7%, 7.4% and 9.4% respectively.

Rentals of private residential properties decreased by 1.0% in 4th Quarter 2018, compared with the 0.3% increase in the previous quarter. For the whole of 2018, rentals of private residential properties increased by 0.6%, compared with the decline of 1.9% in 2017.

Rentals of landed properties decreased by 2.1% in 4th Quarter 2018, compared with the 0.5% increase in the previous quarter. Rentals of non-landed properties decreased by 0.8%, compared with the 0.3% increase in the previous quarter. For the whole of 2018, rentals of landed and non-landed properties increased by 2.0% and 0.4% respectively.

Rentals of non-landed properties in CCR decreased by 0.6%, compared with the 0.9% decrease in the previous quarter. Rentals in RCR decreased by 0.5%, compared with the 1.5% increase in the previous quarter.  Rentals in OCR decreased by 1.7%, compared with the 0.9% increase in the previous quarter.  For the whole of 2018, rentals of non-landed properties in CCR decreased by 0.1%, while rentals in RCR and OCR increased by 1.1% and 0.7% respectively 

Developers launched 1,657 uncompleted private residential units (excluding ECs) for sale in 4th Quarter 2018, compared with 3,754 units in the previous quarter.  For the whole of 2018, developers launched 8,769 uncompleted private residential properties, compared with 6,020 units in the previous year.

Developers sold 1,836 private residential units (excluding ECs) in 4th Quarter 2018, compared with the 3,012 units sold in the previous quarter.  For the whole of 2018, developers sold 8,795 private residential units, compared with 10,566 units in the previous year

Developers did not launch any EC units for sale in 4th Quarter 2018. Nevertheless, they sold 29 EC units from previous launches over the period. In comparison, developers did not launch any EC units and sold 84 EC units in the previous quarter. For the whole of 2018, developers launched 628 EC units and sold 1,136 EC units, compared with the 1,555 units launched and 4,011 units sold in 2017 .

There were 1,971 resale transactions in 4th Quarter 2018, compared with the 2,672 units transacted in the previous quarter. Resale transactions accounted for 51.1% of all sale transactions in 4th Quarter 2018, compared with 46.3% in the previous quarter. For the whole of 2018, there were 13,009 resale transactions, compared with the 14,043 resale transactions in 2017.

There were 53 sub-sale transactions in 4th Quarter 2018, compared with the 81 units transacted in the previous quarter. Sub-sales accounted for 1.4% of all sale transactions in 4th Quarter 2018, same as that in the previous quarter. For the whole of 2018, there were 335 sub-sale transactions, compared with the 401 sub-sale transactions in 2017.


As at the end of 4th Quarter 2018, there was a total supply of 51,498 uncompleted private residential units (excluding ECs) in the pipeline with planning approvals3, compared with the 50,330 units in the previous quarter. Of this number, 34,824 units remained unsold as at the end of 4th Quarter 2018, up from 30,467 units in the previous quarter.

After adding the supply of 2,834 EC units in the pipeline, there were 54,332 units in the pipeline with planning approvals. Of the EC units in the pipeline, 825 units remained unsold. In total, 35,649 units with planning approvals (including ECs) remained unsold, up from 31,295 units in the previous quarter

Based on the expected completion dates reported by developers, 10,312 units (including ECs) will be completed in 2019.  Another 4,960 units (including ECs) will be completed in 2020

Apart from the 35,649 unsold units (including ECs) with planning approval as at the end of 4th Quarter 2018, there is a potential supply of 9,800 units (including ECs) from Government Land Sales (GLS) sites and awarded en-bloc sale sites that have not been granted planning approval yet. They comprise (a) about 6,500 units from awarded GLS sites and Confirmed List sites that have not been awarded yet, and (b) about 3,300 units from awarded en-bloc sale sites.

The stock of completed private residential units (excluding ECs) increased by 3,165 units in 4th Quarter 2018, compared with an increase of 83 units in the previous quarter. The stock of occupied private residential units (excluding ECs) increased by 4,674 units in 4th Quarter 2018, compared with an increase of 1,042 units in the previous quarter. As a result, the vacancy rate of completed private residential units (excluding ECs) decreased to 6.4% at the end of 4th Quarter 2018, compared with 6.8% in the previous quarter

Vacancy rates of completed private residential properties at the end of 4th Quarter 2018 in CCR, RCR and OCR were 7.9%, 7.4% and 5.1% respectively, compared with the 10.4%, 8.1% and 4.5% in the previous quarter.

URA Annex A-1a Comparison of property price index

URA Annex A-1b Comparison of property price index

URA Annex A-2 Price Indices of Non-Landed Properties by Market Segment (1Q2009 = 100)

QuarterCore Central Region1Rest of Central RegionOutside Central Region
4Q/2012140.3155.0158.9
1Q/2013141.2155.3161.1
2Q/2013140.9155.6167.3
3Q/2013140.5154.2170.9
4Q/2013137.6154.8169.3
1Q/2014136.2149.7169.1
2Q/2014134.2149.2167.6
3Q/2014133.1148.6167.0
4Q/2014131.9146.6165.6
1Q/2015131.4144.1163.8
2Q/2015130.6143.2162.0
3Q/2015129.0140.9159.4
4Q/2015128.6140.3159.4
1Q/2016129.0140.3157.3
2Q/2016129.4140.6156.5
3Q/2016126.9139.2154.9
4Q/2016127.0136.4154.0
1Q/2017126.5136.8154.2
2Q/2017125.9137.6153.7
3Q/2017126.0138.3154.9
4Q/2017127.8138.9156.1
1Q/2018134.8140.6164.8
2Q/2018136.0148.5169.7
3Q/2018 137.8146.6 169.5 
4Q/2018136.4 149.2 170.7 

URA Annex A-3a Comparison of rental index

URA Annex A-3b Comparison of rental index

Annex A-4 Rental Indices of Non-Landed Properties by Market Segment (1Q2009 = 100)

QuarterCCR1RCR2OCR
1Q/2012114.6112.1114.8
2Q/2012114.4112.9115.9
3Q/2012115.1114.0117.8
4Q/2012115.8114.7119.2
1Q/2013116.8114.8120.1
2Q/2013117.4114.9120.1
3Q/2013117.8115.6119.2
4Q/2013117.1115.6118.3
1Q/2014116.4115.9117.3
2Q/2014116.3115.8116.2
3Q/2014114.1115.5116.2
4Q/2014112.8115.3115.3
1Q/2015110.7113.5113.2
2Q/2015109.3112.3112.1
3Q/2015108.9111.4110.9
4Q/2015108.5109.6108.9
1Q/2016106.7108.9107.6
2Q/2016106.8108.2106.3
3Q/2016105.3107.6103.7
4Q/2016104.9107.5101.6
1Q/2017104.2106.2102.0
2Q/2017104.3105.8101.4
3Q/2017103.5106.8101.1
4Q/2017102.8106.1100.1
1Q/2018103.4105.8100.8
2Q/2018104.2106.2101.6
3Q/2018 103.3107.8 102.5 
4Q/2018102.7 107.3 100.8 

URA Annex A-6 Property price index by type of property

URA Annex A-7 Residential property price index by type

URA Annex B-1 number of unsold private residential units from projects with planning approvals

 Uncompleted unitsWith Pre-Requistes for Sale1Launched But UnsoldNot Launched YetW/o Pre-req for Sale but with Planning Approvals2Completed Units3
2Q/201715,0858,4593,3205,1396,6261,844
3Q/201716,0316,5832,2234,3609,4481,390
4Q/201718,8914,3871,5042,88314,5041,903
1Q/201823,5144,8181,0663,75218,6961,823
2Q/201826,9439,6371,2648,37317,3061,511
3Q/2018 30,46712,207 2,172 10,035 18,260  1,445
4Q/201834,824 15,409 2,195 13,214 19,415 1,062 

URA Annex B-2 Number of Unsold Private Residential Units from Projects with Planning Approvals by Market Segment

 Uncompleted unitsWith Pre-Requistes for Sale1Launched But UnsoldNot Launched YetW/o Pre-req for Sale but with Planning Approvals2Completed Units3
2Q/2017      
CCR4,8022,5244542,0702,278659
RCR4,8272,5511,4501,1012,276685
OCR5,4563,3841,4161,9682,072500
3Q/2017      
CCR4,2401,8202871,5332,420908
RCR6,4511,7601,0626984,691278
OCR5,3403,0038742,1292,337204
4Q/2017      
CCR3,3118981237752,4131,519
RCR10,4591,3386596799,121237
OCR5,1212,1517221,4292,970147
1Q/2018      
CCR4,3036191524673,6841,622
RCR12,0991,5314161,11510,568121
OCR7,1122,6684982,1704,44480
2Q/2018      
CCR4,2829041967083,3781,171
RCR13,8883,7533033,45010,135194
OCR8,7734,9807654,2153,793146
3Q/2018      
CCR 6,563968 177 791 5,595 1,090 
RCR14,267 6,371 899 5,472 7,896 217 
OCR9,637 4,868 1,096 3,772 4,769 138 
4Q/2018      
CCR 7,4311,998 302 1,696 5,433 637 
RCR14,708 5,589 851 4,738 9,119 262 
OCR12,685 7,822 1,042 6,780 4,863 163 

URA Annex C-1 Number of Uncompleted Private Residential Units Launched1 in the Quarter by Market Segment

 TotalCCR2RCR3OCR
1Q/2012    
2Q/20126,1156151,6063,894
3Q/20125,0526165793,857
4Q/20123,4085861,0851,737
201315,8852,1584,6229,105
1Q/20135,5465011,4703,575
2Q/20134,3953801,2812,734
3Q/20133,3131841,0962,033
4Q/20132,6311,093775763
20147,6931,3002,4423,951
1Q/20141,964424441,478
2Q/20142,8432109931,640
3Q/20141,294106685503
4Q/20141,592942320330
20157,0561201,8185,118
1Q/20151,18917363809
2Q/20152,099543091,736
3Q/20152,435461722,217
4Q/20151,3333974356
20167,8774493,2484,180
1Q/2016953209251493
2Q/20162,371781,390903
3Q/20161,609733781,158
4Q/20162,944891,2291,626
20176,020 2901,3754,355
1Q/20171,9494101,539
2Q/20172,011304441,537
3Q/20171,183209398576
4Q/201787751123703
2018 8,769475 4,171 4,123 
1Q/2018921160103658
2Q/20182,4371148141,509
3Q/2018 3,75419 2,338 1,397 
4Q/20181,657 182 916 559 

URA Annex C-2 Number of Private Residential Units Sold in the Quarter by Market Segment

 Uncompleted PropertiesCompleted Properties
 TotalCCR2RCR3OCR 
1Q/2012     
2Q/20125,3134031,1833,72789
3Q/20125,7886478144,327128
4Q/20124,2965829722,74257
201314,751,9524,4688,337191
1Q/20135,3696551,3483,36643
2Q/20134,4723651,3572,75066
3Q/20132,3851661,0401,17945
4Q/20132,5317607231,04237
20147,1107552,3863,969206
1Q/20141,7181215721,02526
2Q/20142,631958771,66033
3Q/20141,46511762672266
4Q/20141,29542231156281
20157,1462321,8125,102294
1Q/20151,2584845076053
2Q/20151,999872561,656117
3Q/20152,342672132,06268
4Q/20151,5473089362456
20167,3895242,2804,585583
1Q/20161,35922130982961
2Q/20162,085118983984171
3Q/20161,8091054231,281172
4Q/20162,136805651,491180
20178,967 7332,9915,2411,599
1Q/20172,619898171,731343
2Q/20172,5661259991,442511
3Q/20172,1993376951,167464
4Q/20171,583182480920281
20188,2702414,017 4,012 525 
1Q/20181,33665362909245
2Q/20182,231728851,274135
3Q/2018 2,91046 1,748 1,116 102 
4Q/20181,793 58 1,022 713 43 

URA Annex D Number of New Sale, Sub-Sale and Resale Transactions for Private Residential Units by Market Segment

Number of units transacted in Core Central Region1

 New Sale3Sub-Sale3Resale3Total
PeriodUncompletedCompletedSub-total   
2Q/2014952211731293441
3Q/20141172013722276435
4Q/20144224746920250739
1Q/201548328013283376
2Q/2015876715425448627
3Q/2015674210910349468
4Q/20153034644320388
1Q/2016221382590325584
2Q/2016118451635599767
3Q/2016105501553636794
4Q/201680251051513619
1Q/201789371263600729
2Q/20171253415931,0091,171
3Q/20173373236951,0961,470
4Q/20171824923189761,215
1Q/201865811469746901
2Q/20187286158109121,080
3Q/2018 4682 128 540 675 
4Q/201858 31 89 395 490 

Number of units transacted in Rest of Central Region

 New Sale3Sub-Sale3Resale3Total
PeriodUncompletedCompletedSub-total   
2Q/2014 87710887383871,312
3Q/201462630656304421,128
4Q/20143112033121367719
1Q/20154501546520375860
2Q/20152563729329545867
3Q/201521312225 16494735
4Q/2015893890194561,366
1Q/2016309173269385720
2Q/2016983551,038136201,671
3Q/201642356479147511,244
4Q/201656575640185751,233
1Q/201781775892116061,509
2Q/20179991311,13311,0382,199
3Q/2017695160855111,0851,951
4Q/2017480159639181,2861,943
1Q/201836212248461,0351,525
2Q/201888540925251,4002,350
3Q/2018 1,74817 1,765 735 2,507 
4Q/20181,022 12 1,034 11 564 1,609 

Number of units transacted in Outside Central Region

 New Sale1Sub-Sale1Resale1Total
PeriodUncompletedCompletedSub-total   
2Q/20141,66011,661897082,458
3Q/201472216738996611,498
4Q/201456214576886381,302
1Q/20157606766615921,419
2Q/20151,656131,66978342,610
3Q/20152,062142,0761047762,956
4Q/201562446381196881,445
1Q/20168295834796301,543
2Q/2016984711,0551369212,112
3Q/20161,281661,3471211,090558
4Q/20161,491801,5711068562,533
1Q/20171,7132311,944569642,964
2Q/20171,4423461,788961,6513,535
3Q/20171,1672721,43965 1,7683,272
4Q/201792173994941,9643,052
1Q/201890942951661,8852,902
2Q/20181,27491,283852,3883,756
3Q/2018 1,1161,119 67 1,397 2,583 
4Q/2018713 – 713 36 1,012 1,761 

Number of units transacted in the Whole of Singapore

 New Sale1Sub-Sale1Resale1Total
PeriodUncompletedCompletedSub-total   
2Q/20142,632332,6651581,3884,211
3Q/20141,465661,531 1511,3793,061
4Q/20141,295811,3761291,2552,760
1Q/20151,258531,311941,2502,655
2Q/20151,9991172,1161611,8274,104
3Q/20152,342682,4101301,6194,159
4Q/20151,547561,6031321,4643,199
1Q/20161,359601,419881,3402,847
2Q/20162,0851712,2561542,1404,550
3Q/20161,8091721,9811382,4774,596
4Q/20162,1361802,3161251,9444,385
1Q/20172,6193432,962702,1705,202
2Q/20172,5665113,0771303,6986,905
3Q/20172,1994642,663813,9496,693
4Q/20171,5832811,8641204,2266,210
1Q/20181,3362451,581813,6665,328
2Q/20182,2311352,3661204,7007,186
3Q/2018 2,910102 3,012 81 2,672 5,765 
4Q/20181,793 43 1,836 53 1,971 3,860 

Annex E-3 Pipeline supply of Private Residential Units and Executive Condominiums

Expected year of completionPrivate residential unitsExecutive condosTotal units2
20198,9261,38610,312
20204,3326284,960
202112,03012,030
202219,20819,208
20236,4888207,308
>2023514514
Total51,4982,83454,332

Annex E-4 Vacancy of private residential units by market segment

Quarter1CCR2RCR3OCR
1Q/20149.5%6.1%5.4%
2Q/201410.4%6.9%5.6%
3Q/201410.0%6.5%6.1%
4Q/201411.9%6.8%6.3%
1Q/201511.8%6.0%5.5%
2Q/201511.1%5.7%7.6%
3Q/201510.0%6.0%7.8%
4Q/201510.0%6.0%8.4%
1Q/20169.6%6.6%7.1%
2Q/20169.5%7.2%9.6%
3Q/20169.6%8.6%8.3%
4Q/20169.6%9.6%7.1%
1Q/20179.6%8.4%7.2%
2Q/201710.3%8.1%7.1%
3Q/201710.9%8.3%7.3%
4Q/201711.2%8.5%5.9%
1Q/201811.6%8.3%4.9%
2Q/201810.9%7.7%5.0%
3Q/2018 10.4%8.1% 4.5% 
4Q/20187.9% 7.4% 5.1% 

Annex F Number of Executive Condominium Units Launched and Sold in the Quarter

  Units sold directly by developersUnits sold directly by developersUnits transacted in resales Units transacted in resales 
 No. of new units launchedUncompletedCompleted<10Y from TOP>10Y from TOPTotal no of units transacted
2009 – –778124902
4Q/2009 – –19741238
20101,6591,052 –6503392,041
1Q/2010 –19936235
2Q/2010 – – –20964273
3Q/2010 – – –15389242
4Q/20101,6591,052891501,291
20112,5352,883 –2875593,729
1Q/201154060875130813
2Q/2011315569 –80171820
3Q/20111,6801,274541331,461
4Q/2011 –431 –78125635
20124,9364,499 –3254825,306
1Q/20121,8641,557 –86721,715
2Q/20121,081869 –1001401,109
3Q/2012391 –82140613
4Q/20121,9911,682 –571301,869
20133,3373,58532682504,106
1Q/2013 –725 –6162848
2Q/201311,071932 –105671,104
3Q/20131,3871,238260631,363
4Q/201387969014258791
20142,5051,5762841721,834
1Q/201414812538212
2Q/201415312350227
3Q/2014162 –1940221
4Q/20142,5051,113 –17441,174
20153,7502,53416662642,880
1Q/201537831881249387
2Q/201548043452972540
3Q/20152,3871,21214811,307
4Q/201550557031162646
20162,7493,95049352774,311
1Q/2016534751111050822
2Q/20161,2601,0901510781,193
3Q/20168621,382168951,501
4Q/2016937277754795
2017 1,5553,635 376 47 377 4,435 
1Q/20171,0241,018546701,148
2Q/20178609412931,059
3Q/20175311,41512415911,645
4Q/201734210414123583
2018 628822 314 237 432 1,626 
1Q/20187518620131412
2Q/20186286738921159942
3Q/2018  4935 102 86 272 
4Q/2018 25 94 56 179 

NUS Singapore Residential Price Index (SRPI)

The National University of Singapore (NUS) Singapore Residential Price Index Series (SRPI) is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore. Developed by a team of researchers at IRES, the SRPI provides a resource for the development of property derivatives that would help to expand the suite of financial products offered in Singapore, particularly in the context of obtaining exposure to and managing risks associated with the real estate market.  It will also complement existing property information on the state of the residential market.

Currently, SRPI indexes are published in the form of value-weighted indexes. The SRPI is the index for the overall non-landed residential market in Singapore based on the whole SRPI property basket. Two sub-indexes are also produced for the Central and non-Central regions. The Central region sub-basket comprises properties within the overall SRPI basket located in Postal Districts 1 through 4 and 9 through 11 while properties in the other postal districts are in the non-Central region sub-basket.

Dec 2018 Flash SRPI values

SRPI Basket as at Dec 2017Index Value (Mar 2009 = 100)Month-on-month change
SRPI Overall153.70.1%
SRPI Overall (excluding small units)141.90.2%
SRPI Non-central (excluding small units)165.8-0.1%
SRPI small units168.60.0%

Nov 2018 Revised SRPI values

SRPI Basket as at Dec 2017Index Value (Mar 2009 = 100)Month-on-month change
SRPI Overall153.6-0.5%
SRPI Overall (excluding small units)141.6-0.9%
SRPI Non-central (excluding small units)165.9-0.1%
SRPI small units168.7-0.7%

NUS Real Estate Sentiment Index 3Q2018

Source: NUS REDAS


Office and retail property price charts

Office market at a glance

Key indicatorsChange3Q20184Q2018
Price index+2.4%135.7138.9
Rental index+0.5%174.6175.5
Pipeline supply-7.7%793,000 sqm (GFA)732,000 sqm (GFA)
Vacancy rate+0.1% point12.0%12.1%

Prices of office space increased by 2.4% in 4th Quarter 2018, compared with the 0.1% increase in the previous quarter. Rentals of office space increased by 0.5% in 4th Quarter 2018, compared with the 2.5% increase in the previous quarter. For the whole of 2018, prices of office space increased by 5.7%, compared with the decline of 2.4% in 2017; while rentals of office space increased by 7.4%, compared with the increase of 0.4% in 2017.

Property price index of office space in Central Region

Rental index of office space in central region

As at the end of 4th Quarter 2018, there was a total supply of about 732,000 sq m GFA of office space in the pipeline, compared with the 793,000 sq m GFA of office space in the pipeline in the previous quarter.

Pipeline supply of office space

The amount of occupied office space increased by 39,000 sq m (nett) in 4th Quarter 2018, compared with the increase of 45,000 sq m (nett) in the previous quarter. The stock of office space increased by 59,000 sq m (nett) in 4th Quarter 2018, compared with the increase of 28,000 sq m (nett) in the previous quarter. As a result, the island-wide vacancy rate of office space rose to 12.1% at the end of 4th Quarter 2018, from 12.0% at the end of the previous quarter.

Stock and vacancy of office space

Retail market at a glance

Key indicatorsChange3Q20184Q2018
Price index+1.5%110.8112.5
Rental index+1.2%97.098.2
Pipeline supply-22.8%501,000 sqm (GFA)387,000 sqm (GFA)
Vacancy rate+0.9% point7.6%8.5%

Prices of retail space increased by 1.5% in 4th Quarter 2018, compared with the increase of 0.3% in the previous quarter. Rentals of retail space increased by 1.2% in 4th Quarter 2018, compared with the decrease of 1.2% in the previous quarter. For the whole of 2018, prices of retail space increased by 0.6%, compared with the decline of 8.8% in 2017; while rentals of retail space decreased by 1.0%, compared with the decline of 4.7% in 2017

Property price index of retail space in Central Region

Rental index of retail space in Central region

Pipeline supply of retail space

The amount of occupied retail space increased by 24,000 sq m (nett) in 4th Quarter 2018, compared with a decrease of 26,000 sq m (nett) in the previous quarter. The stock of retail space increased by 84,000 sq m (nett) in 4th Quarter 2018, compared with the decrease of 11,000 sq m (nett) in the previous quarter. As a result, the island-wide vacancy rate of retail space increased to 8.5% at the end of 4th Quarter 2018, from 7.6% at the end of the previous quarter.

Stock and vacancy of retail space

Annex A-5 Median Rentals and Vacancy of Office and Retail Space

Median rentals and vacancy of office space

Median rentals (S$ psf pm) based on lease commencementMedian rentals (S$ psf pm) based on contract dateVacancy rate (%)
QuarterCategory 1Category 2Category 1Category 2category 1Category 2
3Q/201410.326.1710.326.137.58.7
4Q/201410.586.2710596.239.810.4
1Q/201510.626.3110.636.2911.29.9
2Q/201510.316.1510.336.1310.29.7
3Q/201510.045.9610.055.958.99.8
4Q/20159.865.869.865.859.39.6
1Q/20169.525.89.55.748.69.4
2Q/20169.215.599.25.538.39.4
3Q/20169.05.539.05.4811.010.2
4Q/20168.815.438.85.3912.610.6
1Q/20178.655.228.655.1811.811.5
2Q/20178.55.168.55.1314.211.7
3Q/20178.755.288.755.2517.711.5
4Q/20179.05.419.05.3815.711.2
1Q/20189.235.559.225.5114.511.7
2Q/20189.455.639.445.5814.311.3
3Q/20189.815.659.815.613.211.5
4Q/20189.895.669.95.6111.012.6

Median Rentals and Vacancy of Retail Space

QtrMedian rentals (S$ psf pm) based on lease commencementMedian rentals (S$ psf pm) based on contract dateVacancy rate (%)
Orchard RdOutside Orchard RdOutside Central AreaOrchard RdOutside Orchard RdOutside Central AreaOrchard RdOutside Orchard RdOutside Central Area
3Q/201410.856.436.6610.886.686.047.97.45.1
4Q/201410.936.496.6710.966.756.055.67.05.3
1Q/201510.866.476.6610.896.726.047.29.65.4
2Q/201510.816.426.6410.856.676.027.910.35.6
3Q/201510.756.36.510.756.535.97.910.25.4
4Q/201510.566.196.4810.566.425.887.69.56.1
1Q/201610.46.056.3910.46.275.88.88.96.4
2Q/201610.05.796.1910.056.05.629.29.36.8
3Q/20169.825.696.149.885.895.588.011.37.3
4Q/20169.85.636.059.875.815.56.88.57.2
1Q/20179.765.475.839.855.655.37.68.87.3
2Q/20179.645.395.789.735.575.257.79.37.6
3Q/20179.745.425.659.85.615.147.49.27.9
4Q/20179.745.375.669.85.565.156.08.27.3
1Q/20189.795.385.669.855.565.166.18.27.5
2Q/20189.775.315.599.855.55.096.08.47.2
3Q/20189.725.245.559.795.435.055.98.37.6
4Q/20189.875.265.739.945.445.225.18.88.9

1/ Refers to office space in buildings located in core business areas in Downtown Core and Orchard Planning Area which are relatively modern or recently refurbished, command relatively high rentals and have large floor plate size and gross floor area.

2/ Refers to the remaining office space in Singapore which are not included in “Category 1”.

3/ Refers to the Orchard Planning Area.

4/ The Map of Central Region showing Orchard and Central Area outside Orchard is available at:
https://spring.ura.gov.sg/lad/ore/login/map_city_area.pdf.