Property Prices in Singapore, Singapore

Index Info
Price to Income Ratio: 18.25
Mortgage as Percentage of Income: 128.06%
Loan Affordability Index: 0.78
Price to Rent Ratio - City Centre: 33.75
Price to Rent Ratio - Outside of Centre: 29.77
Gross Rental Yield (City Centre): 2.96%
Gross Rental Yield (Outside of Centre): 3.36%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 3,588.74 S$ 2,200.00-5,000.00
Apartment (1 bedroom) Outside of Centre 2,745.75 S$ 1,800.00-4,000.00
Apartment (3 bedrooms) in City Centre 7,138.70 S$ 4,800.00-11,000.00
Apartment (3 bedrooms) Outside of Centre 5,089.55 S$ 3,700.00-7,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 2,571.34 S$ 1,899.98-2,999.98
Price per Square Feet to Buy Apartment Outside of Centre 1,678.89 S$ 1,299.99-2,199.98
Salaries And Financing
Average Monthly Net Salary (After Tax) 6,266.26 S$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.59 2.80-4.80

These data are based on 429 entries in the past 18 months from 80 different contributors.
Last update: June 2024

Sources and References
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2 Comments so far
Sing-resident on Dec 05, 2022:
I agree on 99 year lease option, as idea was to make it more affordable however after time property prices bubble up... recent days reach another peak...million for hdb and over a million for condo...(remember 99 year lease, nothing after that). These property agent fueling prices even now a days average rental only cost you average salary of LDN. Cost of living is most expensive and rental too..
Miren on Jan 31, 2022:
I'm a real estate agent in Singapore for more than 13 years.
Please note that foreigners are not allowed to buy HDB only Singaporeans and PR.
As for landed houses foreigners are allowed to buy only in Sentosa Island , where all the properties are 99 years leasehold.
If looking to buy condominiums no problem at all, foreigners are allowed and can chose between freehold and leasehold (usually slightest cheaper than freehold).