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Market data

Condos and apartments

Condos and apartments make up most of the private market. These topics compare them with HDB flats, split them by completion and tenure, and follow vacancy, rents, developer sales, subsales and foreign buyers.

  • 7 topics
  • 32 charts
  • 7 member charts
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Since 2012 private and HDB prices rose at almost the same pace: 2.9% and 2.7% a year

Private residential price index (PPI) and HDB resale price index (RPI), 1Q2009 = 100, quarterly, 1990 Q1 to 2026 Q2

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Since 2012 private and HDB prices rose at almost the same pace: 2.9% and 2.7% a yearThe gap between the two lines shows cumulative growth. It is not the price difference between a flat and a condo.04080120160200240199219962000200420082012201620202024HDB RPI: 1990-Q1 to 2026-Q2Private PPI: 1990-Q1 to 2026-Q2HDB RPI, 2026 Q2: 203HDB RPIPrivate PPI, 2026 Q2: 219Private PPI1990-Q1: HDB RPI 24, Private PPI 411990-Q2: HDB RPI 24, Private PPI 421990-Q3: HDB RPI 25, Private PPI 421990-Q4: HDB RPI 25, Private PPI 401991-Q1: HDB RPI 25, Private PPI 421991-Q2: HDB RPI 26, Private PPI 461991-Q3: HDB RPI 25, Private PPI 471991-Q4: HDB RPI 25, Private PPI 481992-Q1: HDB RPI 26, Private PPI 501992-Q2: HDB RPI 27, Private PPI 521992-Q3: HDB RPI 28, Private PPI 541992-Q4: HDB RPI 29, Private PPI 551993-Q1: HDB RPI 30, Private PPI 581993-Q2: HDB RPI 40, Private PPI 651993-Q3: HDB RPI 48, Private PPI 711993-Q4: HDB RPI 49, Private PPI 751994-Q1: HDB RPI 50, Private PPI 821994-Q2: HDB RPI 52, Private PPI 941994-Q3: HDB RPI 55, Private PPI 1051994-Q4: HDB RPI 55, Private PPI 1071995-Q1: HDB RPI 57, Private PPI 1101995-Q2: HDB RPI 64, Private PPI 1111995-Q3: HDB RPI 68, Private PPI 1131995-Q4: HDB RPI 74, Private PPI 1181996-Q1: HDB RPI 81, Private PPI 1221996-Q2: HDB RPI 91, Private PPI 1301996-Q3: HDB RPI 96, Private PPI 1271996-Q4: HDB RPI 99, Private PPI 1241997-Q1: HDB RPI 99, Private PPI 1191997-Q2: HDB RPI 98, Private PPI 1181997-Q3: HDB RPI 94, Private PPI 1131997-Q4: HDB RPI 88, Private PPI 1081998-Q1: HDB RPI 82, Private PPI 981998-Q2: HDB RPI 78, Private PPI 901998-Q3: HDB RPI 75, Private PPI 781998-Q4: HDB RPI 72, Private PPI 721999-Q1: HDB RPI 71, Private PPI 751999-Q2: HDB RPI 72, Private PPI 841999-Q3: HDB RPI 78, Private PPI 911999-Q4: HDB RPI 80, Private PPI 962000-Q1: HDB RPI 80, Private PPI 992000-Q2: HDB RPI 79, Private PPI 1002000-Q3: HDB RPI 78, Private PPI 982000-Q4: HDB RPI 76, Private PPI 952001-Q1: HDB RPI 73, Private PPI 912001-Q2: HDB RPI 72, Private PPI 902001-Q3: HDB RPI 71, Private PPI 882001-Q4: HDB RPI 70, Private PPI 842002-Q1: HDB RPI 69, Private PPI 832002-Q2: HDB RPI 69, Private PPI 822002-Q3: HDB RPI 70, Private PPI 832002-Q4: HDB RPI 70, Private PPI 822003-Q1: HDB RPI 71, Private PPI 822003-Q2: HDB RPI 73, Private PPI 812003-Q3: HDB RPI 74, Private PPI 812003-Q4: HDB RPI 75, Private PPI 812004-Q1: HDB RPI 75, Private PPI 802004-Q2: HDB RPI 76, Private PPI 802004-Q3: HDB RPI 76, Private PPI 812004-Q4: HDB RPI 77, Private PPI 812005-Q1: HDB RPI 77, Private PPI 822005-Q2: HDB RPI 74, Private PPI 822005-Q3: HDB RPI 73, Private PPI 832005-Q4: HDB RPI 74, Private PPI 852006-Q1: HDB RPI 74, Private PPI 862006-Q2: HDB RPI 74, Private PPI 872006-Q3: HDB RPI 74, Private PPI 902006-Q4: HDB RPI 75, Private PPI 932007-Q1: HDB RPI 76, Private PPI 982007-Q2: HDB RPI 78, Private PPI 1062007-Q3: HDB RPI 83, Private PPI 1142007-Q4: HDB RPI 88, Private PPI 1222008-Q1: HDB RPI 91, Private PPI 1272008-Q2: HDB RPI 95, Private PPI 1272008-Q3: HDB RPI 99, Private PPI 1242008-Q4: HDB RPI 101, Private PPI 1162009-Q1: HDB RPI 100, Private PPI 1002009-Q2: HDB RPI 101, Private PPI 952009-Q3: HDB RPI 105, Private PPI 1102009-Q4: HDB RPI 109, Private PPI 1182010-Q1: HDB RPI 112, Private PPI 1252010-Q2: HDB RPI 117, Private PPI 1322010-Q3: HDB RPI 121, Private PPI 1362010-Q4: HDB RPI 124, Private PPI 1392011-Q1: HDB RPI 126, Private PPI 1422011-Q2: HDB RPI 130, Private PPI 1452011-Q3: HDB RPI 135, Private PPI 1472011-Q4: HDB RPI 138, Private PPI 1472012-Q1: HDB RPI 139, Private PPI 1472012-Q2: HDB RPI 140, Private PPI 1482012-Q3: HDB RPI 143, Private PPI 1492012-Q4: HDB RPI 147, Private PPI 1522013-Q1: HDB RPI 149, Private PPI 1522013-Q2: HDB RPI 149, Private PPI 1542013-Q3: HDB RPI 148, Private PPI 1552013-Q4: HDB RPI 146, Private PPI 1532014-Q1: HDB RPI 144, Private PPI 1512014-Q2: HDB RPI 142, Private PPI 1502014-Q3: HDB RPI 139, Private PPI 1492014-Q4: HDB RPI 137, Private PPI 1472015-Q1: HDB RPI 136, Private PPI 1462015-Q2: HDB RPI 135, Private PPI 1442015-Q3: HDB RPI 135, Private PPI 1422015-Q4: HDB RPI 135, Private PPI 1422016-Q1: HDB RPI 135, Private PPI 1412016-Q2: HDB RPI 135, Private PPI 1402016-Q3: HDB RPI 135, Private PPI 1382016-Q4: HDB RPI 135, Private PPI 1372017-Q1: HDB RPI 134, Private PPI 1372017-Q2: HDB RPI 134, Private PPI 1372017-Q3: HDB RPI 133, Private PPI 1382017-Q4: HDB RPI 133, Private PPI 1392018-Q1: HDB RPI 132, Private PPI 1442018-Q2: HDB RPI 132, Private PPI 1492018-Q3: HDB RPI 132, Private PPI 1502018-Q4: HDB RPI 131, Private PPI 1502019-Q1: HDB RPI 131, Private PPI 1492019-Q2: HDB RPI 131, Private PPI 1512019-Q3: HDB RPI 131, Private PPI 1532019-Q4: HDB RPI 132, Private PPI 1542020-Q1: HDB RPI 132, Private PPI 1522020-Q2: HDB RPI 132, Private PPI 1532020-Q3: HDB RPI 134, Private PPI 1542020-Q4: HDB RPI 138, Private PPI 1572021-Q1: HDB RPI 142, Private PPI 1622021-Q2: HDB RPI 146, Private PPI 1642021-Q3: HDB RPI 151, Private PPI 1652021-Q4: HDB RPI 156, Private PPI 1742022-Q1: HDB RPI 160, Private PPI 1752022-Q2: HDB RPI 164, Private PPI 1812022-Q3: HDB RPI 168, Private PPI 1882022-Q4: HDB RPI 172, Private PPI 1892023-Q1: HDB RPI 174, Private PPI 1952023-Q2: HDB RPI 176, Private PPI 1942023-Q3: HDB RPI 179, Private PPI 1962023-Q4: HDB RPI 180, Private PPI 2022024-Q1: HDB RPI 184, Private PPI 2042024-Q2: HDB RPI 188, Private PPI 2062024-Q3: HDB RPI 193, Private PPI 2052024-Q4: HDB RPI 198, Private PPI 2092025-Q1: HDB RPI 201, Private PPI 2112025-Q2: HDB RPI 203, Private PPI 2132025-Q3: HDB RPI 204, Private PPI 2152025-Q4: HDB RPI 204, Private PPI 2162026-Q1: HDB RPI 203, Private PPI 2182026-Q2: HDB RPI 203, Private PPI 219

The gap between the two lines shows cumulative growth. It is not the price difference between a flat and a condo.

Source: URA private residential price index and HDB resale price index via SingStat. HDB RPI: SingStat table M212161. Both indices changed method (HDB 4Q2014, URA 1Q2015).. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
Since 2012 private and HDB prices rose at almost the same pace: 2.9% and 2.7% a year
PeriodHDB RPIPrivate PPI
1990-Q12441
1990-Q22442
1990-Q32542
1990-Q42540
1991-Q12542
1991-Q22646
1991-Q32547
1991-Q42548
1992-Q12650
1992-Q22752
1992-Q32854
1992-Q42955
1993-Q13058
1993-Q24065
1993-Q34871
1993-Q44975
1994-Q15082
1994-Q25294
1994-Q355105
1994-Q455107
1995-Q157110
1995-Q264111
1995-Q368113
1995-Q474118
1996-Q181122
1996-Q291130
1996-Q396127
1996-Q499124
1997-Q199119
1997-Q298118
1997-Q394113
1997-Q488108
1998-Q18298
1998-Q27890
1998-Q37578
1998-Q47272
1999-Q17175
1999-Q27284
1999-Q37891
1999-Q48096
2000-Q18099
2000-Q279100
2000-Q37898
2000-Q47695
2001-Q17391
2001-Q27290
2001-Q37188
2001-Q47084
2002-Q16983
2002-Q26982
2002-Q37083
2002-Q47082
2003-Q17182
2003-Q27381
2003-Q37481
2003-Q47581
2004-Q17580
2004-Q27680
2004-Q37681
2004-Q47781
2005-Q17782
2005-Q27482
2005-Q37383
2005-Q47485
2006-Q17486
2006-Q27487
2006-Q37490
2006-Q47593
2007-Q17698
2007-Q278106
2007-Q383114
2007-Q488122
2008-Q191127
2008-Q295127
2008-Q399124
2008-Q4101116
2009-Q1100100
2009-Q210195
2009-Q3105110
2009-Q4109118
2010-Q1112125
2010-Q2117132
2010-Q3121136
2010-Q4124139
2011-Q1126142
2011-Q2130145
2011-Q3135147
2011-Q4138147
2012-Q1139147
2012-Q2140148
2012-Q3143149
2012-Q4147152
2013-Q1149152
2013-Q2149154
2013-Q3148155
2013-Q4146153
2014-Q1144151
2014-Q2142150
2014-Q3139149
2014-Q4137147
2015-Q1136146
2015-Q2135144
2015-Q3135142
2015-Q4135142
2016-Q1135141
2016-Q2135140
2016-Q3135138
2016-Q4135137
2017-Q1134137
2017-Q2134137
2017-Q3133138
2017-Q4133139
2018-Q1132144
2018-Q2132149
2018-Q3132150
2018-Q4131150
2019-Q1131149
2019-Q2131151
2019-Q3131153
2019-Q4132154
2020-Q1132152
2020-Q2132153
2020-Q3134154
2020-Q4138157
2021-Q1142162
2021-Q2146164
2021-Q3151165
2021-Q4156174
2022-Q1160175
2022-Q2164181
2022-Q3168188
2022-Q4172189
2023-Q1174195
2023-Q2176194
2023-Q3179196
2023-Q4180202
2024-Q1184204
2024-Q2188206
2024-Q3193205
2024-Q4198209
2025-Q1201211
2025-Q2203213
2025-Q3204215
2025-Q4204216
2026-Q1203218
2026-Q2203219

Topics

What you can look up

Each topic asks one question and answers it with charts. Open one to read the key points and see every chart.

  • Should you buy completed or uncompleted condos?

    Are completed condos cheaper than uncompleted ones, and how big is the new-sale premium?

    Completed condos traded below uncompleted ones in 32 of the 58 quarters from 1998 Q4 to 2013 Q1, by 2.6% on average.

    4 charts2 free2 member chartsOpen

  • Should you buy freehold or leasehold condos?

    Is freehold always the better investment, and how large is the freehold premium?

    Freehold resale medians stood 30.7% above leasehold on average from 1995 Q1 to 2012 Q1, and 13.9% above from 2021 Q4 to 2026 Q3.

    5 charts1 free4 member chartsOpen

  • Vacancy and rentals

    How does vacancy move with rents, and what does that mean for yield?

    Non-landed vacancy averaged 7.6% from 1988 Q1 to 2026 Q2. The record high was 11.7% (1998 Q3) and the record low 5.0% (2010 Q1).

    5 charts4 free1 member chartOpen

  • How fast are developers selling?

    How quickly do developers sell the homes they launch, and how much unsold stock is there?

    Quarterly launches and sales both peaked in 2012 Q1, at 6,903 and 6,458 homes.

    6 charts6 freeOpen

  • Subsales: a measure of speculation

    What does the share of subsales say about speculation, and did stamp duty change it?

    The sub-sale share of private home sales averaged 5.1% from 1999 Q4 to 2026 Q2.

    4 charts4 freeOpen

  • Are foreigners driving up property prices?

    How big is the foreign share of buyers, and did the ABSD cut it?

    Singaporeans were always the largest buyer group, from 63.4% (2007 Q4) to 94.2% (1998 Q2).

    4 charts4 freeOpen

Charts

Charts to start with

One chart from each of the first topics. The title of each chart says what it found.