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Madison HengSingapore Property Insights

Market Updates

The numbers, without the spin

Published Singapore property data, shown as it is. Every figure here comes from an official source that is named and linked.

Quarterly · 1Q2009 = 100 · 1Q2000 – 2Q2026

HDB Resale Price Index

202.8

2Q2026 0.0% y/y

Private Residential Property Price Index

219.4

2Q2026 +2.9% y/y

Hover or tap the chart to read any quarter. The vertical axis does not start at zero, which is normal for an index but worth noticing. Both indices share the same base period, so their movements can be compared directly — but the levels are not prices. A reading of 219.4 against 202.8 does not mean one is dearer than the other; it means it has risen further since 1Q2009.

View all 106 quarters as a table
QuarterHDBPrivate
1Q200080.3—98.9—
2Q200079.3—100.4—
3Q200077.6—97.6—
4Q200075.8—94.9—
1Q200173.2-8.8%91.1-7.9%
2Q200172.1-9.1%90.3-10.1%
3Q200170.6-9.0%87.6-10.2%
4Q200169.6-8.2%83.8-11.7%
1Q200269.1-5.6%82.8-9.1%
2Q200269.2-4.0%82.2-9.0%
3Q200269.9-1.0%82.6-5.7%
4Q200269.9+0.4%82.3-1.8%
1Q200371.0+2.7%81.6-1.4%
2Q200372.5+4.8%81.1-1.3%
3Q200374.3+6.3%80.7-2.3%
4Q200375.1+7.4%80.6-2.1%
1Q200475.3+6.1%80.3-1.6%
2Q200476.2+5.1%80.4-0.9%
3Q200476.3+2.7%80.70.0%
4Q200477.1+2.7%81.3+0.9%
1Q200577.2+2.5%81.9+2.0%
2Q200573.5-3.5%82.3+2.4%
3Q200573.2-4.1%83.3+3.2%
4Q200573.5-4.7%84.5+3.9%
1Q200673.6-4.7%85.8+4.8%
2Q200674.3+1.1%87.3+6.1%
3Q200674.2+1.4%89.6+7.6%
4Q200674.9+1.9%93.1+10.2%
1Q200775.8+3.0%97.6+13.8%
2Q200778.1+5.1%105.6+21.0%
3Q200783.2+12.1%114.4+27.7%
4Q200788.0+17.5%122.1+31.1%
1Q200891.3+20.4%126.7+29.8%
2Q200895.4+22.2%126.9+20.2%
3Q200899.4+19.5%123.9+8.3%
4Q2008100.8+14.5%116.4-4.7%
1Q2009100.0+9.5%100.0-21.1%
2Q2009101.4+6.3%95.3-24.9%
3Q2009105.0+5.6%110.3-11.0%
4Q2009109.0+8.1%118.4+1.7%
1Q2010112.1+12.1%125.1+25.1%
2Q2010116.6+15.0%131.7+38.2%
3Q2010121.3+15.5%135.5+22.8%
4Q2010124.4+14.1%139.2+17.6%
1Q2011126.4+12.8%142.3+13.7%
2Q2011130.4+11.8%145.1+10.2%
3Q2011135.4+11.6%147.0+8.5%
4Q2011137.7+10.7%147.4+5.9%
1Q2012138.5+9.6%147.2+3.4%
2Q2012140.3+7.6%147.9+1.9%
3Q2012143.1+5.7%148.8+1.2%
4Q2012146.7+6.5%151.5+2.8%
1Q2013148.6+7.3%152.4+3.5%
2Q2013149.4+6.5%154.0+4.1%
3Q2013148.1+3.5%154.6+3.9%
4Q2013145.8-0.6%153.2+1.1%
1Q2014143.5-3.4%151.3-0.7%
2Q2014141.5-5.3%149.7-2.8%
3Q2014139.1-6.1%148.6-3.9%
4Q2014137.0-6.0%147.0-4.0%
1Q2015135.6-5.5%145.5-3.8%
2Q2015135.0-4.6%144.2-3.7%
3Q2015134.6-3.2%142.3-4.2%
4Q2015134.8-1.6%141.6-3.7%
1Q2016134.7-0.7%140.6-3.4%
2Q2016134.7-0.2%140.0-2.9%
3Q2016134.7+0.1%137.9-3.1%
4Q2016134.6-0.1%137.2-3.1%
1Q2017133.9-0.6%136.7-2.8%
2Q2017133.7-0.7%136.6-2.4%
3Q2017132.8-1.4%137.6-0.2%
4Q2017132.6-1.5%138.7+1.1%
1Q2018131.6-1.7%144.1+5.4%
2Q2018131.7-1.5%149.0+9.1%
3Q2018131.6-0.9%149.7+8.8%
4Q2018131.4-0.9%149.6+7.9%
1Q2019131.0-0.5%148.6+3.1%
2Q2019130.8-0.7%150.8+1.2%
3Q2019130.9-0.5%152.8+2.1%
4Q2019131.5+0.1%153.6+2.7%
1Q2020131.5+0.4%152.1+2.4%
2Q2020131.9+0.8%152.6+1.2%
3Q2020133.9+2.3%153.8+0.7%
4Q2020138.1+5.0%157.0+2.2%
1Q2021142.2+8.1%162.2+6.6%
2Q2021146.4+11.0%163.5+7.1%
3Q2021150.6+12.5%165.3+7.5%
4Q2021155.7+12.7%173.6+10.6%
1Q2022159.5+12.2%174.8+7.8%
2Q2022163.9+12.0%180.9+10.6%
3Q2022168.1+11.6%187.8+13.6%
4Q2022171.9+10.4%188.6+8.6%
1Q2023173.6+8.8%194.8+11.4%
2Q2023176.2+7.5%194.4+7.5%
3Q2023178.5+6.2%196.0+4.4%
4Q2023180.4+4.9%201.5+6.8%
1Q2024183.7+5.8%204.3+4.9%
2Q2024187.9+6.6%206.1+6.0%
3Q2024192.9+8.1%204.7+4.4%
4Q2024197.9+9.7%209.4+3.9%
1Q2025201.0+9.4%211.1+3.3%
2Q2025202.9+8.0%213.2+3.4%
3Q2025203.7+5.6%215.1+5.1%
4Q2025203.6+2.9%216.4+3.3%
1Q2026203.4+1.2%218.3+3.4%
2Q2026202.80.0%219.4+2.9%

Source: HOUSING AND DEVELOPMENT BOARD via SingStat (series M212161) for HDB; URBAN REDEVELOPMENT AUTHORITY via SingStat (series M212261) for Private. 1Q2009 = 100. Data last updated 24/07/2026. Showing 1Q2000 – 2Q2026.

How to read this

An index measures change, not price. A reading of 200 does not mean a flat costs $200,000 — it means prices are roughly double what they were in the first quarter of 2009, which is the base period for both of these.

What they are good for is direction and pace: whether prices are rising, how fast, and how the present compares with the past. Because both start from the same base period, you can also read one against the other — which of the two markets has moved further since 2009, and whether they are currently moving the same way.

What neither can tell you is what your own place is worth. For that you need recent transactions in your block or project, which is a different exercise.

New figures when they're published

The HDB index updates quarterly — last published 24/07/2026. I'll email when there's something worth noting, not every release.