Property Prices in Singapore, Singapore

Index Info
Price to Income Ratio: 16.12
Mortgage as Percentage of Income: 113.46%
Loan Affordability Index: 0.88
Price to Rent Ratio - City Centre: 29.73
Price to Rent Ratio - Outside of Centre: 25.24
Gross Rental Yield (City Centre): 3.36%
Gross Rental Yield (Outside of Centre): 3.96%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 4,024.60 S$ 2,650.00-6,000.00
Apartment (1 bedroom) Outside of Centre 2,977.69 S$ 2,000.00-4,451.92
Apartment (3 bedrooms) in City Centre 8,179.86 S$ 5,000.00-13,850.44
Apartment (3 bedrooms) Outside of Centre 5,332.44 S$ 3,500.00-8,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 2,566.31 S$ 1,899.98-3,716.09
Price per Square Feet to Buy Apartment Outside of Centre 1,519.89 S$ 999.99-2,043.85
Salaries And Financing
Average Monthly Net Salary (After Tax) 6,821.66 S$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.63 2.80-4.80

These data are based on 608 entries in the past 18 months from 105 different contributors.
Last update: November 2023

Sources and References
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4 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).
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.