Property Prices in Singapore, Singapore

Index Info
Price to Income Ratio: 19.12
Mortgage as Percentage of Income: 118.35%
Loan Affordability Index: 0.84
Price to Rent Ratio - City Centre: 40.67
Price to Rent Ratio - Outside of Centre: 33.06
Gross Rental Yield (City Centre): 2.46%
Gross Rental Yield (Outside of Centre): 3.03%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,781.54 S$ 2,000.00-4,000.00
Apartment (1 bedroom) Outside of Centre 1,821.21 S$ 1,100.00-2,700.00
Apartment (3 bedrooms) in City Centre 5,233.57 S$ 3,600.00-8,500.00
Apartment (3 bedrooms) Outside of Centre 3,135.07 S$ 2,400.00-5,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,339.99 S$ 1,944.44-2,999.98
Price per Square Feet to Buy Apartment Outside of Centre 1,196.36 S$ 799.99-1,599.99
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,977.69 S$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.21 1.30-3.00

These data are based on 641 entries in the past 12 months from 107 different contributors.
Last update: February 2021

Sources and References
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5 Comments so far
Bob on Jan 06, 2020:
I have looked into SG's HBD housing which is so famous (for raising level of home ownership in SG). But I am having doubts about whether it is such a good deal. Fundamentally, you are getting a lease hold property, meaning you don't get the land below it. In 99 years you have to give up the home. The first batch of HBD home buyers are already facing that issue, and the Premier clearly stated that the govt will take back the properties, which IS the contract. So while this is just very unscientific assessment, from investment perspective I have serious doubt about merit of buying HBD flats. If given the choice I would want to buy the regular condo.
Kevin Oliver on Nov 15, 2019:
Very great post. I simply stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts.

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Singapore property prices on Nov 03, 2018:
Singapore real estate - If you are looking houses, penthouse for sale in Singapore. Get the best Singapore real estate, penthouse, houses for sale in Singapore, for lowest prices at Affinity oxleyholdings.com.
Jack Douglas on Apr 03, 2018:
Yup it's an expensive place. If your expat package isn't all inclusive you'll find yourself cutting corners just to save. I go to https://metroresidences.com/sg/expat-life/ for ways to save and live in Singapore
Mandy on Apr 22, 2017:
The price for buying apartment would represent buying condominium.most citizen & permanent resident are entitled to buy government built flats which are a fraction of thelse prices.