Singapore House Price Index MoM

Private home prices in Singapore rose 0.6% quarter-on-quarter in Q4 2025, below the preliminary estimate of 0.7% and following a 0.9% increase in the previous quarter. This marked the fifth consecutive quarter of growth, albeit at the slowest pace in the sequence. The moderation came as faster rises in landed property prices (3.4% vs 1.4% in Q3) partly offset a slight decline in non-landed property prices (-0.2% vs 0.8%). For the full year of 2025, home prices moderated to 3.3%, lower than earlier estimates of 3.4%, marking the smallest annual increase since 2020. Home prices grew by 3.9% and 6.8% in 2024 and 2023, respectively. This was also significantly lower than the 8.6% increase in 2022 and the 10.6% rise in 2021. The slowdown in home prices last year was weighed down by a moderation in non-landed prices, which rose 2.3%, easing from 4.7% in 2024, despite landed home prices increasing 7.6%, sharply accelerating from a 0.9% rise in 2024.