Singapore property market history and price indices

Historical market analysis

The Singapore property market over time

Official price indices published by the Urban Redevelopment Authority and HDB, alongside transaction activity measured directly from the records in this database through Sep 2026.

5Y 10Y 15Y Max

All private residential

219.4

+2.9%index · 2026-Q2

Private landed

258.4

+7.0%index · 2026-Q2

Private non-landed

210.6

+1.8%index · 2026-Q2

HDB resale

202.8

-0.0%index · 2026-Q2

Index levels are not comparable between series in absolute terms — each is rebased to its own reference quarter. What is comparable is the shape: how steeply each market has moved, and when it turned. Private landed and non-landed property, and HDB resale flats, respond to different buyer pools, financing rules and supply cycles, so they diverge for long stretches.

All private residential

Latest: 219.4 (2026-Q2)
1 year: +2.9%
5 years p.a.: +6.1%
Over window: +56.0%

Private landed

Latest: 258.4 (2026-Q2)
1 year: +7.0%
5 years p.a.: +6.9%
Over window: +62.5%

Private non-landed

Latest: 210.6 (2026-Q2)
1 year: +1.8%
5 years p.a.: +5.8%
Over window: +54.2%

HDB resale

Latest: 202.8 (2026-Q2)
1 year: -0.0%
5 years p.a.: +6.7%
Over window: +50.6%

Measured from the transaction record

What has actually been transacting

These figures are computed from the individual transactions in this database, not from a published index — so they move with the mix of what sold, not just with price.

HDB resale

23,298 sales · 12m

Median PSF: S$602
Median price: S$629K
PSF · 1 year: +0.4%
PSF · 3 years p.a.: +4.7%
PSF · 5 years p.a.: +6.3%
Volume · 1 year: -11.2%

Private residential

24,857 sales · 12m

Median PSF: S$2,011
Median price: S$2.00M
PSF · 1 year: +0.8%
PSF · 3 years p.a.: +6.1%
PSF · 5 years p.a.: +7.5%
Volume · 1 year: -21.4%

Regional split

Core Central, Rest of Central, Outside Central

URA's regional classification, applied through each property's postal district.

CCR4,971 sales

Core Central Region

S$2,287

Median price: S$2.26M
1 year: +0.2%
3 years p.a.: +0.7%
Volume change: +3.5%

RCR12,021 sales

Rest of Central Region

S$1,460

Median price: S$1.27M
1 year: -14.6%
3 years p.a.: +4.0%
Volume change: -22.5%

OCR31,151 sales

Outside Central Region

S$876

Median price: S$901K
1 year: -6.3%
3 years p.a.: +13.5%
Volume change: -17.1%

A region can show falling median prices while individual developments rise, simply because a different mix of property sold. Read the regional medians as a picture of activity, and the index above as the price signal.

Volume

Transaction activity across the whole market

Every recorded transaction, by quarter. Volume tends to turn before price does.

Change over window: +88.4%
Annualised: +6.4%
Transactions: 383,478

Private residential price index: URA via data.gov.sg Resale price index: HDB via data.gov.sg

Important

Property values shown are estimates generated from available transaction and market data and are not official valuations. Actual transaction prices may differ. Data availability and accuracy depend on the underlying source datasets. Users should conduct their own due diligence and seek professional advice where appropriate.