Skip to content

Has private or public housing performed better?

FreeTimeline

The private premium over HDB swung from 95.1% to below zero and is 8.2% now

FreeTimeline

The private premium over HDB swung from 95.1% to below zero and is 8.2% now

PPI and RPI, 1Q2009 = 100, 1990 Q1 to 2026 Q2. Premium = PPI / RPI - 1

CSV download: members

Source: URA private residential price index and HDB resale price index via SingStat; premium computed by PropInsights.

View the data as a table

The private premium over HDB swung from 95.1% to below zero and is 8.2% now
Event	Start	End	Note
HDB ahead: RPI 8.2% a yr, PPI 5.9%	1990-Q1	2012-Q1
Level: PPI 2.9% a yr, RPI 2.7%	2012-Q2	2026-Q2
High 95.1% (1994 Q4)	1994-Q4
Low -1.1% (1998 Q4)	1998-Q4
High 38.8% (2008 Q1)	2008-Q1
Low -6.0% (2009 Q2)	2009-Q2
Low 1.9% (2016 Q4)	2016-Q4
High 16.8% (2019 Q4)	2019-Q4
Latest 8.2% (2026 Q2)	2026-Q2
PPI -11.6% (2013 Q3 to 2017 Q2)	2013-Q3	2017-Q2
RPI -12.4% (2013 Q2 to 2019 Q2)	2013-Q2	2019-Q2
Both indices change method	2014-Q4	2015-Q1

Topic: Has private or public housing performed better?
Segment: Condos and apartments
Chart type: Timeline
Access: FreeCSV download is for members.

Has private or public housing performed better?

More charts in this topic

Key figures
Has private or public housing performed better?
Private homes led HDB flats by 23.8% on average from 1990 to 2026
Key figuresFree
Flowchart
Has private or public housing performed better?
HDB owners can move up to private homes, so the two markets feed each other
FlowchartFree
Has private or public housing performed better?
Since 2012 private and HDB prices rose at almost the same pace: 2.9% and 2.7% a year
Line chartFree