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Should you buy residential, commercial or industrial property?

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Residential prices have tripled since 1998. Industrial prices doubled and office prices rose 11%

FreeLine chart

Residential prices have tripled since 1998. Industrial prices doubled and office prices rose 11%

Price index, 1998 Q4 = 100. Retail (central region) starts in 2011 and is published on the same base. URA and JTC, to 2026 Q2.

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Residential prices have tripled since 1998. Industrial prices doubled and office prices rose 11%The office index peaked at 163.3 in 1996 Q3. The retail index peaked at 130.7 in 2014 Q4. Industrial is not one clean series: JTC changed its method in 2014 Q4 and there is no figure for 2001 Q4.501001502002503003502000200420082012201620202024Residential: 1998-Q4 to 2026-Q2Office: 1998-Q4 to 2026-Q2Industrial: 1998-Q4 to 2026-Q2Industrial: 1998-Q4 to 2026-Q2Retail: 2011-Q1 to 2026-Q2Residential, 2026 Q2: 307ResidentialOffice, 2026 Q2: 111OfficeIndustrial, 2026 Q2: 207IndustrialRetail, 2026 Q2: 104Retail1998-Q4: Residential 100, Office 100, Industrial 100, Retail no data1999-Q1: Residential 105, Office 92, Industrial 96, Retail no data1999-Q2: Residential 118, Office 92, Industrial 92, Retail no data1999-Q3: Residential 127, Office 91, Industrial 87, Retail no data1999-Q4: Residential 134, Office 99, Industrial 95, Retail no data2000-Q1: Residential 138, Office 105, Industrial 96, Retail no data2000-Q2: Residential 140, Office 117, Industrial 106, Retail no data2000-Q3: Residential 137, Office 119, Industrial 107, Retail no data2000-Q4: Residential 133, Office 126, Industrial 111, Retail no data2001-Q1: Residential 127, Office 115, Industrial 112, Retail no data2001-Q2: Residential 126, Office 111, Industrial 106, Retail no data2001-Q3: Residential 123, Office 107, Industrial 101, Retail no data2001-Q4: Residential 117, Office 99, Industrial no data, Retail no data2002-Q1: Residential 116, Office 94, Industrial 92, Retail no data2002-Q2: Residential 115, Office 90, Industrial 89, Retail no data2002-Q3: Residential 116, Office 87, Industrial 89, Retail no data2002-Q4: Residential 115, Office 82, Industrial 86, Retail no data2003-Q1: Residential 114, Office 80, Industrial 83, Retail no data2003-Q2: Residential 113, Office 77, Industrial 81, Retail no data2003-Q3: Residential 113, Office 76, Industrial 79, Retail no data2003-Q4: Residential 113, Office 74, Industrial 78, Retail no data2004-Q1: Residential 112, Office 72, Industrial 78, Retail no data2004-Q2: Residential 112, Office 72, Industrial 78, Retail no data2004-Q3: Residential 113, Office 73, Industrial 79, Retail no data2004-Q4: Residential 114, Office 73, Industrial 79, Retail no data2005-Q1: Residential 115, Office 74, Industrial 79, Retail no data2005-Q2: Residential 115, Office 74, Industrial 80, Retail no data2005-Q3: Residential 117, Office 75, Industrial 81, Retail no data2005-Q4: Residential 118, Office 76, Industrial 81, Retail no data2006-Q1: Residential 120, Office 77, Industrial 81, Retail no data2006-Q2: Residential 122, Office 80, Industrial 82, Retail no data2006-Q3: Residential 125, Office 83, Industrial 83, Retail no data2006-Q4: Residential 130, Office 89, Industrial 86, Retail no data2007-Q1: Residential 137, Office 93, Industrial 89, Retail no data2007-Q2: Residential 148, Office 101, Industrial 97, Retail no data2007-Q3: Residential 160, Office 110, Industrial 100, Retail no data2007-Q4: Residential 171, Office 118, Industrial 106, Retail no data2008-Q1: Residential 177, Office 120, Industrial 109, Retail no data2008-Q2: Residential 177, Office 121, Industrial 114, Retail no data2008-Q3: Residential 173, Office 116, Industrial 115, Retail no data2008-Q4: Residential 163, Office 110, Industrial 107, Retail no data2009-Q1: Residential 140, Office 97, Industrial 97, Retail no data2009-Q2: Residential 133, Office 93, Industrial 92, Retail no data2009-Q3: Residential 154, Office 91, Industrial 90, Retail no data2009-Q4: Residential 166, Office 92, Industrial 92, Retail no data2010-Q1: Residential 175, Office 94, Industrial 93, Retail no data2010-Q2: Residential 184, Office 98, Industrial 99, Retail no data2010-Q3: Residential 190, Office 104, Industrial 107, Retail no data2010-Q4: Residential 195, Office 109, Industrial 114, Retail no data2011-Q1: Residential 199, Office 115, Industrial 123, Retail 1172011-Q2: Residential 203, Office 119, Industrial 130, Retail 1172011-Q3: Residential 206, Office 123, Industrial 139, Retail 1212011-Q4: Residential 206, Office 125, Industrial 145, Retail 1212012-Q1: Residential 206, Office 125, Industrial 155, Retail 1222012-Q2: Residential 207, Office 123, Industrial 168, Retail 1232012-Q3: Residential 208, Office 126, Industrial 183, Retail 1242012-Q4: Residential 212, Office 126, Industrial 182, Retail 1242013-Q1: Residential 213, Office 129, Industrial 190, Retail 1262013-Q2: Residential 215, Office 131, Industrial 189, Retail 1282013-Q3: Residential 216, Office 132, Industrial 195, Retail 1292013-Q4: Residential 214, Office 133, Industrial 188, Retail 1302014-Q1: Residential 212, Office 134, Industrial 195, Retail 1302014-Q2: Residential 209, Office 134, Industrial 197, Retail 1292014-Q3: Residential 208, Office 136, Industrial 195, Retail 1292014-Q4: Residential 206, Office 139, Industrial 195, Retail 1312015-Q1: Residential 203, Office 139, Industrial 196, Retail 1312015-Q2: Residential 202, Office 139, Industrial 195, Retail 1302015-Q3: Residential 199, Office 139, Industrial 194, Retail 1302015-Q4: Residential 198, Office 139, Industrial 191, Retail 1302016-Q1: Residential 197, Office 138, Industrial 187, Retail 1272016-Q2: Residential 196, Office 136, Industrial 182, Retail 1232016-Q3: Residential 193, Office 136, Industrial 179, Retail 1222016-Q4: Residential 192, Office 135, Industrial 174, Retail 1232017-Q1: Residential 191, Office 129, Industrial 170, Retail 1182017-Q2: Residential 191, Office 128, Industrial 167, Retail 1142017-Q3: Residential 192, Office 128, Industrial 166, Retail 1132017-Q4: Residential 194, Office 131, Industrial 164, Retail 1122018-Q1: Residential 202, Office 133, Industrial 164, Retail 1122018-Q2: Residential 208, Office 136, Industrial 164, Retail 1112018-Q3: Residential 209, Office 136, Industrial 164, Retail 1112018-Q4: Residential 209, Office 139, Industrial 164, Retail 1132019-Q1: Residential 208, Office 143, Industrial 164, Retail 1102019-Q2: Residential 211, Office 144, Industrial 164, Retail 1112019-Q3: Residential 214, Office 139, Industrial 164, Retail 1122019-Q4: Residential 215, Office 138, Industrial 163, Retail 1142020-Q1: Residential 213, Office 133, Industrial 163, Retail 1112020-Q2: Residential 213, Office 127, Industrial 161, Retail 1092020-Q3: Residential 215, Office 127, Industrial 157, Retail 1112020-Q4: Residential 220, Office 123, Industrial 159, Retail 1092021-Q1: Residential 227, Office 120, Industrial 160, Retail 1052021-Q2: Residential 229, Office 121, Industrial 163, Retail 1022021-Q3: Residential 231, Office 118, Industrial 164, Retail 1022021-Q4: Residential 243, Office 116, Industrial 166, Retail 1042022-Q1: Residential 244, Office 121, Industrial 169, Retail 1032022-Q2: Residential 253, Office 115, Industrial 172, Retail 1022022-Q3: Residential 263, Office 112, Industrial 175, Retail 982022-Q4: Residential 264, Office 116, Industrial 178, Retail 962023-Q1: Residential 272, Office 116, Industrial 181, Retail 952023-Q2: Residential 272, Office 117, Industrial 184, Retail 962023-Q3: Residential 274, Office 118, Industrial 186, Retail 962023-Q4: Residential 282, Office 111, Industrial 187, Retail 972024-Q1: Residential 286, Office 110, Industrial 187, Retail 992024-Q2: Residential 288, Office 113, Industrial 189, Retail 982024-Q3: Residential 286, Office 114, Industrial 190, Retail 1002024-Q4: Residential 293, Office 113, Industrial 194, Retail 982025-Q1: Residential 295, Office 113, Industrial 197, Retail 1002025-Q2: Residential 298, Office 112, Industrial 200, Retail 1002025-Q3: Residential 301, Office 112, Industrial 201, Retail 1002025-Q4: Residential 303, Office 111, Industrial 204, Retail 1012026-Q1: Residential 305, Office 111, Industrial 206, Retail 1042026-Q2: Residential 307, Office 111, Industrial 207, Retail 104

The office index peaked at 163.3 in 1996 Q3. The retail index peaked at 130.7 in 2014 Q4. Industrial is not one clean series: JTC changed its method in 2014 Q4 and there is no figure for 2001 Q4.

Source: URA and JTC via SingStat. Residential: URA private residential price index (M212261), rebased. Industrial: JTC (M212181), rebased.. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
Residential prices have tripled since 1998. Industrial prices doubled and office prices rose 11%
PeriodResidentialOfficeIndustrialRetail
1998-Q4100100100
1999-Q11059296
1999-Q21189292
1999-Q31279187
1999-Q41349995
2000-Q113810596
2000-Q2140117106
2000-Q3137119107
2000-Q4133126111
2001-Q1127115112
2001-Q2126111106
2001-Q3123107101
2001-Q411799
2002-Q11169492
2002-Q21159089
2002-Q31168789
2002-Q41158286
2003-Q11148083
2003-Q21137781
2003-Q31137679
2003-Q41137478
2004-Q11127278
2004-Q21127278
2004-Q31137379
2004-Q41147379
2005-Q11157479
2005-Q21157480
2005-Q31177581
2005-Q41187681
2006-Q11207781
2006-Q21228082
2006-Q31258383
2006-Q41308986
2007-Q11379389
2007-Q214810197
2007-Q3160110100
2007-Q4171118106
2008-Q1177120109
2008-Q2177121114
2008-Q3173116115
2008-Q4163110107
2009-Q11409797
2009-Q21339392
2009-Q31549190
2009-Q41669292
2010-Q11759493
2010-Q21849899
2010-Q3190104107
2010-Q4195109114
2011-Q1199115123117
2011-Q2203119130117
2011-Q3206123139121
2011-Q4206125145121
2012-Q1206125155122
2012-Q2207123168123
2012-Q3208126183124
2012-Q4212126182124
2013-Q1213129190126
2013-Q2215131189128
2013-Q3216132195129
2013-Q4214133188130
2014-Q1212134195130
2014-Q2209134197129
2014-Q3208136195129
2014-Q4206139195131
2015-Q1203139196131
2015-Q2202139195130
2015-Q3199139194130
2015-Q4198139191130
2016-Q1197138187127
2016-Q2196136182123
2016-Q3193136179122
2016-Q4192135174123
2017-Q1191129170118
2017-Q2191128167114
2017-Q3192128166113
2017-Q4194131164112
2018-Q1202133164112
2018-Q2208136164111
2018-Q3209136164111
2018-Q4209139164113
2019-Q1208143164110
2019-Q2211144164111
2019-Q3214139164112
2019-Q4215138163114
2020-Q1213133163111
2020-Q2213127161109
2020-Q3215127157111
2020-Q4220123159109
2021-Q1227120160105
2021-Q2229121163102
2021-Q3231118164102
2021-Q4243116166104
2022-Q1244121169103
2022-Q2253115172102
2022-Q326311217598
2022-Q426411617896
2023-Q127211618195
2023-Q227211718496
2023-Q327411818696
2023-Q428211118797
2024-Q128611018799
2024-Q228811318998
2024-Q3286114190100
2024-Q429311319498
2025-Q1295113197100
2025-Q2298112200100
2025-Q3301112201100
2025-Q4303111204101
2026-Q1305111206104
2026-Q2307111207104
Topic
Should you buy residential, commercial or industrial property?
Segment
Commercial and industrial
Chart type
Line chart
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Should you buy residential, commercial or industrial property?

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Previous chartFrom 1998 to 2026 homes grew fastest: 4.2% a year, against 0.4% for officesNext chartResidential won three of five cycles; office and industrial won one each