Driven by a recovery in demand for new apartments, the rise in private home prices in Singapore continued until the 9th year, but the popularity is cooling down. Preliminary estimates released by the Urban Renewal Authority of Singapore on Friday show that the 2025 private home price index rose 3.4% from the previous year, the smallest annual increase since 2020; on a quarterly basis, prices rose 0.7%. Singapore has become one of the most expensive private housing markets in the world. Authorities have introduced a number of regulatory measures in recent years to try to contain the accelerated rise in housing prices during the pandemic. The price increase was as high as 10.6% in 2021, then the growth rate slowed, and the increase was close to 4% in 2024.

Driven by a recovery in demand for new apartments, the rise in private home prices in Singapore continued until the 9th year, but the popularity is cooling down. Preliminary estimates released by the Urban Renewal Authority of Singapore on Friday show that the 2025 private home price index rose 3.4% from the previous year, the smallest annual increase since 2020; on a quarterly basis, prices rose 0.7%. Singapore has become one of the most expensive private housing markets in the world. Authorities have introduced a number of regulatory measures in recent years to try to contain the accelerated rise in housing prices during the pandemic. The price increase was as high as 10.6% in 2021, then the growth rate slowed, and the increase was close to 4% in 2024.