Price charts

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) – 4Q2017

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.

Price index of HDB resale flats


Residential Property Price Index by Type – 4Q2017

Residential property price index by type
Residential property price index by type

Property Price Index by Type of Property – 4Q2017

Property price index by type of property
Property price index by type of property

Price Indices of Non-Landed Properties by Market Segment – 4Q2017 (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

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 – 4Q2017 (1Q2009 = 100)

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

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 – 4Q2017

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

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 – 4Q2017

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

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 – 4Q2017

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

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

Number of Private Residential Units Sold1 in the Quarter by Market Segment – 4Q2017

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

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

Number of New Sale, Sub-Sale and Resale Transactions for Private Residential Units by Market Segment – 4Q2017

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

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

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

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

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 – 4Q2017

Pipeline supply of pvt residential units and ec by exp year of completion

Expected year of completion Private residential units Executive condos Total units2
2018 10,634 4,130 14,764
2019 7,374 1,386 8,760
2020 4,718 4,718
2021 8,685 628 9,313
2022 4,348 4,348
>2022 270 270
Total 36,029 6,144 42,173

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 – 4Q2017

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%

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

Number of Executive Condominium Units Launched and Sold in the Quarter – 4Q2017

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

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) – Nov flash and Oct revised 2017

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.

November 2017 Flash SRPI values

SRPI Basket as at Dec 2015 Index Value (Mar 2009 = 100) Month-on-month change
SRPI Overall 147.7 1.4%
SRPI Overall (excluding small units) 137.1 1.7%
SRPI Non-central (excluding small units) 158.9 1.2%
SRPI small units 161.3 0.9%

(Reflective of transactions received as at 21 December 2017)

October 2017 Revised SRPI values

SRPI Basket as at Dec 2015 Index Value (Mar 2009 = 100) Month-on-month change
SRPI Overall 145.6 0.8%
SRPI Overall (excluding small units) 134.8 1.6%
SRPI Non-central (excluding small units) 157 0.2%
SRPI small units 159.8 -0.6%

(Reflective of transactions received as at 21 December 2017)

With effect from 28 July 2011, IRES will publish the overall SRPI, two regional sub-indices that exclude small units and a small unit sub-index. A small unit has floor area of 506 square feet or below.

NUS SRPI

With effect from January 2013, IRES will publish the SRPI chart using March 2009 as the base period. The SRPI and its sub-indices bottomed then and this change better reflects the movement in price.


SRX Property Index (SPI) Chart – Dec 2017

Non-landed all sale, all property subtypes, all market segments

Non-landed all sale, all property subtypes, all market segments

Non-landed rental all property subtypes, all market segments

Non-landed rental all property subtypes, all market segments

Landed all sales, all property subtypes, all market segments

Landed all sales, all property subtypes, all market segments

HDB sale all property subtypes

HDB sale all property subtypes

HDB rental all property subtypes all market segments

HDB rental all property subtypes all market segments