Singapore Real Estate Sector Report 2024-2025

Singapore's real estate sector remained strong during and after the COVID-19 pandemic. Private home prices surged by 10.6% in 2021 and by 8.6% in 2022, pushing Singapore to become the most expensive real estate market in the Asia-Pacific region, with private homes fetching a median price of USD 1.2mn. To stabilise the sector, the government introduced a series of cooling-off measures in 2022 and 2023, including doubling stamp duties for foreigners. Despite these, housing prices continued to climb in 2023, albeit slower compared to the previous two years and with lower transaction volume. The strong momentum in the real estate sector in Singapore was generated by a combination of construction delays and strong demand. With vacancy rates of less than 10%, office and retail space rents and sale prices remained stable in 2023. With an occupancy rate of 90%, the industrial property market was also thriving, driven by robust demand from manufacturing, warehousing and other businesses.

This report provides a complete and detailed analysis of the "Real estate" sector for Singapore. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Real estate" sector in Singapore
• Crystallise the forces both driving and restraining this sector in Singapore
• Ascertain Singapore’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Singapore.
• Build a clear picture of trends, output and consumption for specific sub-sectors