At one glance, look at how the Singapore public and private property market has been performing.
Charts are updated 5 days after the official government agency or academic authority release their figures.
HDB Resale Price Index (RPI) – 2Q2018
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 at a glance
| Key indicators | Change | 1Q2018 | 2Q2018 |
| Price index | +3.4% | 144.1 | 149.0 |
| Rental index | +1.0% | 102.8 | 103.8 |
| Take-up | +49.7% | 1,581 | 2,366 |
| Pipeline supply | +11.6% | 40,330 | 45,003 |
| Vacancy rate | -0.3% point | 7.4% | 7.1% |
Residential Property Price Index by Type
Prices of private residential properties increased by 3.4% in 2nd Quarter 2018, compared with the 3.9% increase in the previous quarter.
Prices of landed properties rose by 4.1% in 2nd Quarter 2018, compared with the 1.9% increase in the previous quarter. Prices of non-landed properties rose by 3.2%, compared with the 4.4% increase in the previous quarter.
Prices of non-landed properties in Core Central Region (CCR) increased by 0.9% in 2nd Quarter 2018, compared with the 5.5% increase in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) increased by 5.6%, compared with the 1.2% increase in the previous quarter. Prices of non-landed properties in Outside Central Region (OCR) increased by 3.0%, compared with the 5.6% increase in the previous quarter.
Rentals of private residential properties increased by 1.0% in 2nd Quarter 2018, compared with the 0.3% increase in the previous quarter.
Residential Property Price Index by Type
Price Indices of Non-Landed Properties by Market Segment (1Q2009 = 100)
| Quarter | Core Central Region1 | Rest of Central Region2 | Outside Central Region |
| 4Q/2012 | 140.3 | 155.0 | 158.9 |
| 1Q/2013 | 141.2 | 155.3 | 161.1 |
| 2Q/2013 | 140.9 | 155.6 | 167.3 |
| 3Q/2013 | 140.5 | 154.2 | 170.9 |
| 4Q/2013 | 137.6 | 154.8 | 169.3 |
| 1Q/2014 | 136.2 | 149.7 | 169.1 |
| 2Q/2014 | 134.2 | 149.2 | 167.6 |
| 3Q/2014 | 133.1 | 148.6 | 167.0 |
| 4Q/2014 | 131.9 | 146.6 | 165.6 |
| 1Q/2015 | 131.4 | 144.1 | 163.8 |
| 2Q/2015 | 130.6 | 143.2 | 162.0 |
| 3Q/2015 | 129.0 | 140.9 | 159.4 |
| 4Q/2015 | 128.6 | 140.3 | 159.4 |
| 1Q/2016 | 129.0 | 140.3 | 157.3 |
| 2Q/2016 | 129.4 | 140.6 | 156.5 |
| 3Q/2016 | 126.9 | 139.2 | 154.9 |
| 4Q/2016 | 127.0 | 136.4 | 154.0 |
| 1Q/2017 | 126.5 | 136.8 | 154.2 |
| 2Q/2017 | 125.9 | 137.6 | 153.7 |
| 3Q/2017 | 126.0 | 138.3 | 154.9 |
| 4Q/2017 | 127.8 | 138.9 | 156.1 |
| 1Q/2018 | 134.8 | 140.6 | 164.8 |
| 2Q/2018 | 136.0 | 148.5 | 169.7 |
1/ Core Central Region comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
2/ Rest of Central Region comprises the area within Central Region that is outside postal districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
Rental Indices of Non-Landed Properties by Market Segment (1Q2009 = 100)
Rentals of landed properties increased by 3.6% in 2nd Quarter 2018, after remaining unchanged in the previous quarter. Rentals of non-landed properties increased by 0.6%, compared with the 0.3% increase in the previous quarter.
Rentals of non-landed properties in CCR increased by 0.8%, compared with the 0.6% increase in the previous quarter. Rentals in RCR increased by 0.4%, compared with the 0.3% decrease in the previous quarter. Rentals in OCR increased by 0.8%, compared with the 0.7% increase in the previous quarter.
| Quarter | CCR1 | RCR2 | OCR |
| 1Q/2012 | 114.6 | 112.1 | 114.8 |
| 2Q/2012 | 114.4 | 112.9 | 115.9 |
| 3Q/2012 | 115.1 | 114.0 | 117.8 |
| 4Q/2012 | 115.8 | 114.7 | 119.2 |
| 1Q/2013 | 116.8 | 114.8 | 120.1 |
| 2Q/2013 | 117.4 | 114.9 | 120.1 |
| 3Q/2013 | 117.8 | 115.6 | 119.2 |
| 4Q/2013 | 117.1 | 115.6 | 118.3 |
| 1Q/2014 | 116.4 | 115.9 | 117.3 |
| 2Q/2014 | 116.3 | 115.8 | 116.2 |
| 3Q/2014 | 114.1 | 115.5 | 116.2 |
| 4Q/2014 | 112.8 | 115.3 | 115.3 |
| 1Q/2015 | 110.7 | 113.5 | 113.2 |
| 2Q/2015 | 109.3 | 112.3 | 112.1 |
| 3Q/2015 | 108.9 | 111.4 | 110.9 |
| 4Q/2015 | 108.5 | 109.6 | 108.9 |
| 1Q/2016 | 106.7 | 108.9 | 107.6 |
| 2Q/2016 | 106.8 | 108.2 | 106.3 |
| 3Q/2016 | 105.3 | 107.6 | 103.7 |
| 4Q/2016 | 104.9 | 107.5 | 101.6 |
| 1Q/2017 | 104.2 | 106.2 | 102.0 |
| 2Q/2017 | 104.3 | 105.8 | 101.4 |
| 3Q/2017 | 103.5 | 106.8 | 101.1 |
| 4Q/2017 | 102.8 | 106.1 | 100.1 |
| 1Q/2018 | 103.4 | 105.8 | 100.8 |
| 2Q/2018 | 104.2 | 106.2 | 101.6 |
1/ Core Central Region comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
2/ Rest of Central Region comprises the area within Central Region that is outside postal districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
Number of Unsold Private Residential Units from Projects with Planning Approvals
| Uncompleted units | With Pre-Requistes for Sale1 | Launched But Unsold | Not Launched Yet | W/o Pre-req for Sale but with Planning Approvals2 | Completed Units3 | |
| 2Q/2017 | 15,085 | 8,459 | 3,320 | 5,139 | 6,626 | 1,844 |
| 3Q/2017 | 16,031 | 6,583 | 2,223 | 4,360 | 9,448 | 1,390 |
| 4Q/2017 | 18,891 | 4,387 | 1,504 | 2,883 | 14,504 | 1,903 |
| 1Q/2018 | 23,514 | 4,818 | 1,066 | 3,752 | 18,696 | 1,823 |
| 2Q/2018 | 26,943 | 9,637 | 1,264 | 8,373 | 17,306 | 1,511 |
1/ Refers to private residential developments with Housing Developer Licence and Building Plan Approval. Under the Housing Developer (Control and Licensing) Act, a sale licence must be obtained for a project with more than 4 units, if the developer intends to sell uncompleted residential units in the development. However, the sale of the residential units can only commence with the approval of the building plans of the development.
2/ Refers to uncompleted private residential developments without pre-requisites for sale but with Written Permission or Provisional Permission granted.
3/ Refers to unsold units in completed projects which are still licensed.
Number of Unsold Private Residential Units from Projects with Planning Approvals by Market Segment
| Uncompleted units | With Pre-Requistes for Sale1 | Launched But Unsold | Not Launched Yet | W/o Pre-req for Sale but with Planning Approvals2 | Completed Units3 | |
| 2Q/2017 | ||||||
| CCR | 4,802 | 2,524 | 454 | 2,070 | 2,278 | 659 |
| RCR | 4,827 | 2,551 | 1,450 | 1,101 | 2,276 | 685 |
| OCR | 5,456 | 3,384 | 1,416 | 1,968 | 2,072 | 500 |
| 3Q/2017 | ||||||
| CCR | 4,240 | 1,820 | 287 | 1,533 | 2,420 | 908 |
| RCR | 6,451 | 1,760 | 1,062 | 698 | 4,691 | 278 |
| OCR | 5,340 | 3,003 | 874 | 2,129 | 2,337 | 204 |
| 4Q/2017 | ||||||
| CCR | 3,311 | 898 | 123 | 775 | 2,413 | 1,519 |
| RCR | 10,459 | 1,338 | 659 | 679 | 9,121 | 237 |
| OCR | 5,121 | 2,151 | 722 | 1,429 | 2,970 | 147 |
| 1Q/2018 | ||||||
| CCR | 4,303 | 619 | 152 | 467 | 3,684 | 1,622 |
| RCR | 12,099 | 1,531 | 416 | 1,115 | 10,568 | 121 |
| OCR | 7,112 | 2,668 | 498 | 2,170 | 4,444 | 80 |
| 2Q/2018 | ||||||
| CCR | 4,282 | 904 | 196 | 708 | 3,378 | 1,171 |
| RCR | 13,888 | 3,753 | 303 | 3,450 | 10,135 | 194 |
| OCR | 8,773 | 4,980 | 765 | 4,215 | 3,793 | 146 |
1/ Refers to private residential developments with Housing Developer Licence and Building Plan Approval. Under the Housing Developer (Control and Licensing) Act, a sale licence must be obtained for a project with more than 4 units, if the developer intends to sell uncompleted residential units in the development. However, the sale of the residential units can only commence with the approval of the building plans of the development.
2/ Refers to uncompleted private residential developments without pre-requisites for sale but with Written Permission or Provisional Permission granted.
3/ Refers to unsold units in completed projects which are still licensed
Number of Uncompleted Private Residential Units Launched1 in the Quarter by Market Segment
| Total | CCR2 | RCR3 | OCR | |
| 1Q/2012 | ||||
| 2Q/2012 | 6,115 | 615 | 1,606 | 3,894 |
| 3Q/2012 | 5,052 | 616 | 579 | 3,857 |
| 4Q/2012 | 3,408 | 586 | 1,085 | 1,737 |
| 2013 | 15,885 | 2,158 | 4,622 | 9,105 |
| 1Q/2013 | 5,546 | 501 | 1,470 | 3,575 |
| 2Q/2013 | 4,395 | 380 | 1,281 | 2,734 |
| 3Q/2013 | 3,313 | 184 | 1,096 | 2,033 |
| 4Q/2013 | 2,631 | 1,093 | 775 | 763 |
| 2014 | 7,693 | 1,300 | 2,442 | 3,951 |
| 1Q/2014 | 1,964 | 42 | 444 | 1,478 |
| 2Q/2014 | 2,843 | 210 | 993 | 1,640 |
| 3Q/2014 | 1,294 | 106 | 685 | 503 |
| 4Q/2014 | 1,592 | 942 | 320 | 330 |
| 2015 | 7,056 | 120 | 1,818 | 5,118 |
| 1Q/2015 | 1,189 | 17 | 363 | 809 |
| 2Q/2015 | 2,099 | 54 | 309 | 1,736 |
| 3Q/2015 | 2,435 | 46 | 172 | 2,217 |
| 4Q/2015 | 1,333 | 3 | 974 | 356 |
| 2016 | 7,877 | 449 | 3,248 | 4,180 |
| 1Q/2016 | 953 | 209 | 251 | 493 |
| 2Q/2016 | 2,371 | 78 | 1,390 | 903 |
| 3Q/2016 | 1,609 | 73 | 378 | 1,158 |
| 4Q/2016 | 2,944 | 89 | 1,229 | 1,626 |
| 2017 | 6,020 | 290 | 1,375 | 4,355 |
| 1Q/2017 | 1,949 | – | 410 | 1,539 |
| 2Q/2017 | 2,011 | 30 | 444 | 1,537 |
| 3Q/2017 | 1,183 | 209 | 398 | 576 |
| 4Q/2017 | 877 | 51 | 123 | 703 |
| 2018 | ||||
| 1Q/2018 | 921 | 160 | 103 | 658 |
| 2Q/2018 | 2,437 | 114 | 814 | 1,509 |
1/ This is compiled based on returns from licensed developers. With effect from 25 May 2015, the returns have been submitted to URA on a weekly basis
2/ Core Central Region comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
3/ Rest of Central Region comprises the area within Central Region that is outside postal districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region
showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
Developers launched 2,437 uncompleted private residential units (excluding ECs) for sale in 2nd Quarter 2018, compared with 921 units in the previous quarter.
Developers sold 2,366 private residential units (excluding ECs) in 2nd Quarter 2018, compared with the 1,581 units sold in the previous quarter
Number of Private Residential Units Sold1 in the Quarter by Market Segment
| Uncompleted Properties | Completed Properties | ||||
| Total | CCR2 | RCR3 | OCR | ||
| 1Q/2012 | |||||
| 2Q/2012 | 5,313 | 403 | 1,183 | 3,727 | 89 |
| 3Q/2012 | 5,788 | 647 | 814 | 4,327 | 128 |
| 4Q/2012 | 4,296 | 582 | 972 | 2,742 | 57 |
| 2013 | 14,75 | 1,952 | 4,468 | 8,337 | 191 |
| 1Q/2013 | 5,369 | 655 | 1,348 | 3,366 | 43 |
| 2Q/2013 | 4,472 | 365 | 1,357 | 2,750 | 66 |
| 3Q/2013 | 2,385 | 166 | 1,040 | 1,179 | 45 |
| 4Q/2013 | 2,531 | 760 | 723 | 1,042 | 37 |
| 2014 | 7,110 | 755 | 2,386 | 3,969 | 206 |
| 1Q/2014 | 1,718 | 121 | 572 | 1,025 | 26 |
| 2Q/2014 | 2,631 | 95 | 877 | 1,660 | 33 |
| 3Q/2014 | 1,465 | 117 | 626 | 722 | 66 |
| 4Q/2014 | 1,295 | 422 | 311 | 562 | 81 |
| 2015 | 7,146 | 232 | 1,812 | 5,102 | 294 |
| 1Q/2015 | 1,258 | 48 | 450 | 760 | 53 |
| 2Q/2015 | 1,999 | 87 | 256 | 1,656 | 117 |
| 3Q/2015 | 2,342 | 67 | 213 | 2,062 | 68 |
| 4Q/2015 | 1,547 | 30 | 893 | 624 | 56 |
| 2016 | 7,389 | 524 | 2,280 | 4,585 | 583 |
| 1Q/2016 | 1,359 | 221 | 309 | 829 | 61 |
| 2Q/2016 | 2,085 | 118 | 983 | 984 | 171 |
| 3Q/2016 | 1,809 | 105 | 423 | 1,281 | 172 |
| 4Q/2016 | 2,136 | 80 | 565 | 1,491 | 180 |
| 2017 | 8,967 | 733 | 2,991 | 5,241 | 1,599 |
| 1Q/2017 | 2,619 | 89 | 817 | 1,731 | 343 |
| 2Q/2017 | 2,566 | 125 | 999 | 1,442 | 511 |
| 3Q/2017 | 2,199 | 337 | 695 | 1,167 | 464 |
| 4Q/2017 | 1,583 | 182 | 480 | 920 | 281 |
| 2018 | |||||
| 1Q/2018 | 1,336 | 65 | 362 | 909 | 245 |
| 2Q/2018 | 2,231 | 72 | 885 | 1,274 | 135 |
1/ This is compiled from licensed developers’ returns based on options issued by developers. With effect from 25 May 2015, the returns have been submitted to URA on a weekly basis.
2/ Core Central Region comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
3/ Rest of Central Region comprises the area within Central Region that is outside postal districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
4/ Refers to sold units in completed projects which are still licensed
As at the end of 2nd Quarter 2018, there was a total supply of 45,003 uncompleted private residential units (excluding ECs) in the pipeline with planning approvals, compared with the 40,330 units in the previous quarter. Of this number, 26,943 units remained unsold as at the end of 2nd Quarter 2018, up from 23,514 units in the previous quarter.
After adding the supply of 2,518 EC units in the pipeline, there were 47,521 units in the pipeline with planning approvals. Of the EC units in the pipeline, 18 units remained unsold. In total, 26,961 units with planning approvals (including ECs) remained unsold, up from 24,193 units in the previous quarter.
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 Sale3 | Sub-Sale3 | Resale3 | Total | |||
| Period | Uncompleted | Completed | Sub-total | |||
| 2Q/2014 | 95 | 22 | 117 | 31 | 293 | 441 |
| 3Q/2014 | 117 | 20 | 137 | 22 | 276 | 435 |
| 4Q/2014 | 422 | 47 | 469 | 20 | 250 | 739 |
| 1Q/2015 | 48 | 32 | 80 | 13 | 283 | 376 |
| 2Q/2015 | 87 | 67 | 154 | 25 | 448 | 627 |
| 3Q/2015 | 67 | 42 | 109 | 10 | 349 | 468 |
| 4Q/2015 | 30 | 34 | 64 | 4 | 320 | 388 |
| 1Q/2016 | 221 | 38 | 259 | 0 | 325 | 584 |
| 2Q/2016 | 118 | 45 | 163 | 5 | 599 | 767 |
| 3Q/2016 | 105 | 50 | 155 | 3 | 636 | 794 |
| 4Q/2016 | 80 | 25 | 105 | 1 | 513 | 619 |
| 1Q/2017 | 89 | 37 | 126 | 3 | 600 | 729 |
| 2Q/2017 | 125 | 34 | 159 | 3 | 1,009 | 1,171 |
| 3Q/2017 | 337 | 32 | 369 | 5 | 1,096 | 1,470 |
| 4Q/2017 | 182 | 49 | 231 | 8 | 976 | 1,215 |
| 1Q/2018 | 65 | 81 | 146 | 9 | 746 | 901 |
| 2Q/2018 | 72 | 86 | 158 | 10 | 912 | 1,080 |
Number of units transacted in Rest of Central Region2
| New Sale3 | Sub-Sale3 | Resale3 | Total | |||
| Period | Uncompleted | Completed | Sub-total | |||
| 2Q/2014 | 877 | 10 | 887 | 38 | 387 | 1,312 |
| 3Q/2014 | 626 | 30 | 656 | 30 | 442 | 1,128 |
| 4Q/2014 | 311 | 20 | 331 | 21 | 367 | 719 |
| 1Q/2015 | 450 | 15 | 465 | 20 | 375 | 860 |
| 2Q/2015 | 256 | 37 | 293 | 29 | 545 | 867 |
| 3Q/2015 | 213 | 12 | 225 | 16 | 494 | 735 |
| 4Q/2015 | 893 | 8 | 901 | 9 | 456 | 1,366 |
| 1Q/2016 | 309 | 17 | 326 | 9 | 385 | 720 |
| 2Q/2016 | 983 | 55 | 1,038 | 13 | 620 | 1,671 |
| 3Q/2016 | 423 | 56 | 479 | 14 | 751 | 1,244 |
| 4Q/2016 | 565 | 75 | 640 | 18 | 575 | 1,233 |
| 1Q/2017 | 817 | 75 | 892 | 11 | 606 | 1,509 |
| 2Q/2017 | 999 | 131 | 1,13 | 31 | 1,038 | 2,199 |
| 3Q/2017 | 695 | 160 | 855 | 11 | 1,085 | 1,951 |
| 4Q/2017 | 480 | 159 | 639 | 18 | 1,286 | 1,943 |
| 1Q/2018 | 362 | 122 | 484 | 6 | 1,035 | 1,525 |
| 2Q/2018 | 885 | 40 | 925 | 25 | 1,400 | 2,350 |
1/ Core Central Region comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: ttps://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
2/ Rest of Central Region comprises the area within Central Region that is outside postal districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
3/ Data on New Sale are final and will not be revised as they are compiled based on returns from licensed developers. Data on the number of Subsale and Resale units excludes en-bloc sale units and are collated from records submitted to Inland Revenue Authority of Singapore for stamp duty payments from 1Q2015. Prior to 1Q2015, Sub-sale and Resale data were compiled from caveats lodged to the Singapore Land Authority. As the latter (i.e. lodgment of caveats) is voluntary, caveats account for about 80 to 90% of all sub-sale and resale transactions. Hence, please note that data from 1Q2015 may not be directly comparable to figures in the previous quarters
Number of units transacted in Outside Central Region
| New Sale1 | Sub-Sale1 | Resale1 | Total | |||
| Period | Uncompleted | Completed | Sub-total | |||
| 2Q/2014 | 1,660 | 1 | 1,661 | 89 | 708 | 2,458 |
| 3Q/2014 | 722 | 16 | 738 | 99 | 661 | 1,498 |
| 4Q/2014 | 562 | 14 | 576 | 88 | 638 | 1,302 |
| 1Q/2015 | 760 | 6 | 766 | 61 | 592 | 1,419 |
| 2Q/2015 | 1,656 | 13 | 1,669 | 7 | 834 | 2,610 |
| 3Q/2015 | 2,062 | 14 | 2,076 | 104 | 776 | 2,956 |
| 4Q/2015 | 624 | 4 | 638 | 119 | 688 | 1,445 |
| 1Q/2016 | 829 | 5 | 834 | 79 | 630 | 1,543 |
| 2Q/2016 | 984 | 71 | 1,055 | 136 | 921 | 2,112 |
| 3Q/2016 | 1,281 | 66 | 1,347 | 121 | 1,090 | 558 |
| 4Q/2016 | 1,491 | 80 | 1,571 | 106 | 856 | 2,533 |
| 1Q/2017 | 1,713 | 231 | 1,944 | 56 | 964 | 2,964 |
| 2Q/2017 | 1,442 | 346 | 1,788 | 96 | 1,651 | 3,535 |
| 3Q/2017 | 1,167 | 272 | 1,439 | 65 | 1,768 | 3,272 |
| 4Q/2017 | 921 | 73 | 994 | 94 | 1,964 | 3,052 |
| 1Q/2018 | 909 | 42 | 951 | 66 | 1,885 | 2,902 |
| 2Q/2018 | 1,274 | 9 | 1,283 | 85 | 2,388 | 3,756 |
Number of units transacted in the Whole of Singapore
| New Sale1 | Sub-Sale1 | Resale1 | Total | |||
| Period | Uncompleted | Completed | Sub-total | |||
| 2Q/2014 | 2,632 | 33 | 2,665 | 158 | 1,388 | 4,211 |
| 3Q/2014 | 1,465 | 66 | 1,531 | 151 | 1,379 | 3,061 |
| 4Q/2014 | 1,295 | 81 | 1,376 | 129 | 1,255 | 2,760 |
| 1Q/2015 | 1,258 | 53 | 1,311 | 94 | 1,250 | 2,655 |
| 2Q/2015 | 1,999 | 117 | 2,116 | 161 | 1,827 | 4,104 |
| 3Q/2015 | 2,342 | 68 | 2,410 | 130 | 1,619 | 4,159 |
| 4Q/2015 | 1,547 | 56 | 1,603 | 132 | 1,464 | 3,199 |
| 1Q/2016 | 1,359 | 60 | 1,419 | 88 | 1,340 | 2,847 |
| 2Q/2016 | 2,085 | 171 | 2,256 | 154 | 2,140 | 4,550 |
| 3Q/2016 | 1,809 | 172 | 1,981 | 138 | 2,477 | 4,596 |
| 4Q/2016 | 2,136 | 180 | 2,316 | 125 | 1,944 | 4,385 |
| 1Q/2017 | 2,619 | 343 | 2,962 | 70 | 2,170 | 5,202 |
| 2Q/2017 | 2,566 | 511 | 3,077 | 130 | 3,698 | 6,905 |
| 3Q/2017 | 2,199 | 464 | 2,663 | 81 | 3,949 | 6,693 |
| 4Q/2017 | 1,583 | 281 | 1,864 | 120 | 4,226 | 6,210 |
| 1Q/2018 | 1,336 | 245 | 1,581 | 81 | 3,666 | 5,328 |
| 2Q/2018 | 2,231 | 135 | 2,366 | 120 | 4,700 | 7,186 |
1/ Data on New Sale are final and will not be revised as they are compiled based on the returns from licensed developers. Data on the number of Sub-sale and Resale units excludes en-bloc sale units and are collated from records submitted to Inland Revenue Authority of Singapore for stamp duty payments from 1Q2015. Prior to 1Q2015, Sub-sale and Resale data were compiled from caveats lodged to the Singapore Land Authority. As the latter (i.e. lodgment of caveats) is voluntary, caveats account for about 80 to 90% of all sub-sale and resale transactions. Hence, please note that data from 1Q2015 may not be directly comparable to figures in the previous quarters.
Pipeline supply (1) of Private Residential Units and Executive Condominiums
Based on the expected completion dates reported by developers, 7,130 units (including ECs) will be completed in the second half of 2018. Another 9,510 units (including ECs) will be completed in 2019.
The redevelopment of the large number of private residential developments sold en-bloc since 2016 will add a significant number of new housing units to the supply pipeline.
As at the end of 2nd Quarter 2018, there were 26,961 unsold units with planning approval5, up from 24,193 units as at the end of 1st Quarter 2018. In addition, there is a potential supply of 19,500 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 8,400 units from awarded GLS sites and Confirmed List sites that have not been awarded yet, and (b) about 11,100 units from awarded en-bloc sale sites6. A large part of this new supply of 19,500 units could be made available for sale later this year or next year, and will be completed from 2021 onwards.
| Expected year of completion | Private residential units | Executive condos | Total units2 |
| 2H2018 | 6,626 | 504 | 7,130 |
| 2019 | 8,124 | 1,386 | 9,510 |
| 2020 | 3,079 | 628 | 3,707 |
| 2021 | 10,532 | – | 10,532 |
| 2022 | 14,240 | – | 14,240 |
| >2022 | 2,402 | – | 2,402 |
| Total | 45,003 | 2,518 | 47,521 |
1/ Pipeline supply figures as shown above refer to new development and redevelopment projects with planning approvals (i.e. Provisional Permission, Written Permission).
2/ In addition to the 17,178 unsold units with planning approval, there is a potential supply of about 16,700 units (including ECs) from Government Land Sales (GLS) sites and awarded en-bloc sale sites that have not been granted planning approvals yet. They comprise (a) about 7,400 units from awarded GLS sites, Reserve List sites that have been triggered for sale but not awarded yet, and Confirmed List sites that have not been awarded yet, and (b) about 9,300 units from awarded en-bloc sale sites. A large part of this new supply of 16,700 units could be made available for sale in the next 1-2 years, and will be completed by 2021 onwards.
Vacancy of private residential units by market segment
| Quarter1 | CCR2 | RCR3 | OCR |
| 1Q/2014 | 9.5% | 6.1% | 5.4% |
| 2Q/2014 | 10.4% | 6.9% | 5.6% |
| 3Q/2014 | 10.0% | 6.5% | 6.1% |
| 4Q/2014 | 11.9% | 6.8% | 6.3% |
| 1Q/2015 | 11.8% | 6.0% | 5.5% |
| 2Q/2015 | 11.1% | 5.7% | 7.6% |
| 3Q/2015 | 10.0% | 6.0% | 7.8% |
| 4Q/2015 | 10.0% | 6.0% | 8.4% |
| 1Q/2016 | 9.6% | 6.6% | 7.1% |
| 2Q/2016 | 9.5% | 7.2% | 9.6% |
| 3Q/2016 | 9.6% | 8.6% | 8.3% |
| 4Q/2016 | 9.6% | 9.6% | 7.1% |
| 1Q/2017 | 9.6% | 8.4% | 7.2% |
| 2Q/2017 | 10.3% | 8.1% | 7.1% |
| 3Q/2017 | 10.9% | 8.3% | 7.3% |
| 4Q/2017 | 11.2% | 8.5% | 5.9% |
| 1Q/2018 | 11.6% | 8.3% | 4.9% |
| 2Q/2018 | 10.9% | 7.7% | 5.0% |
1/ Vacancy rates before 4th Quarter of 2016 were inferred from the utility consumption levels of a sample of private residential units. The sample was not selected for the purpose of compiling vacancy data at the market segment level. Starting from 4th Quarter of 2016, the vacancy rates will be inferred from the utility consumption levels of all completed private residential units.
2/ Core Central Region comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: http://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
3/ Rest of Central Region comprises the area within Central Region that is outside postal districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: http://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf
The stock of completed private residential units (excluding ECs) increased by 1,152 units in 2nd Quarter 2018, compared with an increase of 1,296 units in the previous quarter. The stock of occupied private residential units (excluding ECs) increased by 1,994 units in 2nd Quarter 2018, compared with an increase of 2,950 units in the previous quarter. As a result, the vacancy rate of completed private residential units (excluding ECs) decreased to 7.1% at the end of 2nd Quarter 2018, compared with 7.4% in the previous quarter.
Vacancy rates of completed private residential properties at the end of 2nd Quarter 2018 in CCR, RCR and OCR were 10.9%, 7.7% and 5.0% respectively, compared with the 11.6%, 8.3% and 4.9% in the previous quarter
Number of Executive Condominium Units Launched and Sold in the Quarter
| Units sold directly by developers | ||||||
| No. of new units launched | Uncompleted | Completed | <10Y from TOP | >10Y from TOP | Total no of units transacted | |
| 2009 | – | – | – | 778 | 124 | 902 |
| 4Q/2009 | – | – | – | 197 | 41 | 238 |
| 2010 | 1,659 | 1,052 | – | 650 | 339 | 2,041 |
| 1Q/2010 | – | – | – | 199 | 36 | 235 |
| 2Q/2010 | – | – | – | 209 | 64 | 273 |
| 3Q/2010 | – | – | – | 153 | 89 | 242 |
| 4Q/2010 | 1,659 | 1,052 | – | 89 | 150 | 1,291 |
| 2011 | 2,535 | 2,883 | – | 287 | 559 | 3,729 |
| 1Q/2011 | 540 | 608 | – | 75 | 130 | 813 |
| 2Q/2011 | 315 | 569 | – | 80 | 171 | 820 |
| 3Q/2011 | 1,680 | 1,274 | – | 54 | 133 | 1,461 |
| 4Q/2011 | – | 431 | – | 78 | 125 | 635 |
| 2012 | 4,936 | 4,499 | – | 325 | 482 | 5,306 |
| 1Q/2012 | 1,864 | 1,557 | – | 86 | 72 | 1,715 |
| 2Q/2012 | 1,081 | 869 | – | 100 | 140 | 1,109 |
| 3Q/2012 | – | 391 | – | 82 | 140 | 613 |
| 4Q/2012 | 1,991 | 1,682 | – | 57 | 130 | 1,869 |
| 2013 | 3,337 | 3,585 | 3 | 268 | 250 | 4,106 |
| 1Q/2013 | – | 725 | – | 61 | 62 | 848 |
| 2Q/20131 | 1,071 | 932 | – | 105 | 67 | 1,104 |
| 3Q/2013 | 1,387 | 1,238 | 2 | 60 | 63 | 1,363 |
| 4Q/2013 | 879 | 690 | 1 | 42 | 58 | 791 |
| 2014 | 2,505 | 1,576 | 2 | 84 | 172 | 1,834 |
| 1Q/2014 | – | 148 | 1 | 25 | 38 | 212 |
| 2Q/2014 | – | 153 | 1 | 23 | 50 | 227 |
| 3Q/2014 | – | 162 | – | 19 | 40 | 221 |
| 4Q/2014 | 2,505 | 1,113 | – | 17 | 44 | 1,174 |
| 2015 | 3,750 | 2,534 | 16 | 66 | 264 | 2,880 |
| 1Q/2015 | 378 | 318 | 8 | 12 | 49 | 387 |
| 2Q/2015 | 480 | 434 | 5 | 29 | 72 | 540 |
| 3Q/2015 | 2,387 | 1,212 | – | 14 | 81 | 1,307 |
| 4Q/2015 | 505 | 570 | 3 | 11 | 62 | 646 |
| 2016 | 2,749 | 3,950 | 49 | 35 | 277 | 4,311 |
| 1Q/2016 | 534 | 751 | 11 | 10 | 50 | 822 |
| 2Q/2016 | 1,260 | 1,090 | 15 | 10 | 78 | 1,193 |
| 3Q/2016 | 862 | 1,382 | 16 | 8 | 95 | 1,501 |
| 4Q/2016 | 93 | 727 | 7 | 7 | 54 | 795 |
| 2017 | ||||||
| 1Q/2017 | 1,024 | 1,018 | 54 | 6 | 70 | 1,148 |
| 2Q/2017 | – | 860 | 94 | 12 | 93 | 1,059 |
| 3Q/2017 | 531 | 1,415 | 124 | 15 | 91 | 1,645 |
| 4Q/2017 | – | 342 | 104 | 14 | 123 | 583 |
| 2018 | ||||||
| 1Q/2018 | – | 75 | 186 | 20 | 131 | 412 |
| 2Q/2018 | 628 | 673 | 89 | 21 | 159 | 942 |
1/ This is compiled from licensed developers’ returns based on options issued by developers. With effect from 25 May
2015, the returns have been submitted to URA on a weekly basis.
2/ Data before 2015 are based on caveats lodged with SLA. Since 1Q/2015, the data are compiled from Stamp Duty
records at IRAS.
NUS Singapore Residential Price Index (SRPI) – July Flash and June revised 2018
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.
July 2018 Flash SRPI values
| SRPI Basket as at Dec 2017 | Index Value (Mar 2009 = 100) | Month-on-month change |
| SRPI Overall | 154.4 | -0.5% |
| SRPI Overall (excluding small units) | 143.2 | -0.2% |
| SRPI Non-central (excluding small units) | 166.2 | -0.7% |
| SRPI small units | 167.6 | -0.6% |
June 2018 Revised SRPI values
| SRPI Basket as at Dec 2017 | Index Value (Mar 2009 = 100) | Month-on-month change |
| SRPI Overall | 155.2 | 0.7% |
| SRPI Overall (excluding small units) | 143.5 | 0.6% |
| SRPI Non-central (excluding small units) | 167.5 | 0.8% |
| SRPI small units | 168.7 | 0.7% |
NUS Real Estate Sentiment Index 1Q2018
Source: NUS REDAS
