Singapore House Prices, Rents & Rental Yields (2026)
How much property costs in Singapore, what it rents for and how that compares with neighbouring markets in South-eastern Asia. City-centre prices per m² rank 1 of 6 in this comparison; gross yields rank 4 of 7.
- Apartment price per m² (city centre)
- $20,832
- 2023
- Apartment price per m² (outside centre)
- $12,664
- 2023
- Gross rental yield (city centre)
- 3.3%
- 2024
- Price-to-income ratio
- 14.9
- 2024
- Rent: 1-bedroom, city centre
- $3,253/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 3.7%
- 2023
Price and rent trends in Singapore
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $20,832 | 2023 | +10.0% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $12,664 | 2023 | +23.7% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 14.9 | 2024 | -3.9% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 3.3% | 2024 | ±0.0 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 30.4 | 2024 | ±0% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $3,253/mo | 2023 | +25.0% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $2,185/mo | 2023 | +14.8% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $6,160/mo | 2023 | +20.1% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $3,913/mo | 2023 | +19.9% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 3.7% | 2023 | +0.9 pp vs 2022 | Numbeo |
| Home ownership rateShare of owner-occupied dwellings | 89.7% | 2024 | ±0.0 pp vs 2023 | Trading Economics |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) | Home ownership rate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 14.9 | 3.3% | 30.4 | — | — | — | — | — | 89.7% |
| 2023 | $20,832 | $12,664 | 15.5 | 3.3% | 30.4 | $3,253/mo | $2,185/mo | $6,160/mo | $3,913/mo | 3.7% | 89.7% |
| 2022 | $18,941 | $10,234 | 17.5 | 2.6% | 39.1 | $2,603/mo | $1,903/mo | $5,127/mo | $3,263/mo | 2.8% | 89.3% |
| 2021 | $19,855 | $9,586 | 19.4 | 2.4% | 41.3 | $2,155/mo | $1,452/mo | $4,185/mo | $2,408/mo | 1.9% | 88.9% |
| 2020 | $17,587 | $9,336 | 22.3 | 2.3% | 43 | $2,037/mo | $1,341/mo | $3,848/mo | $2,286/mo | 2.3% | 87.9% |
| 2019 | $20,009 | $10,035 | 21.6 | 2.4% | 42.1 | $2,058/mo | $1,289/mo | $3,914/mo | $2,262/mo | 2.6% | 90.4% |
| 2018 | $17,237 | $9,211 | 22.2 | 2.7% | 37.5 | $1,961/mo | $1,229/mo | $3,525/mo | $2,130/mo | 2.3% | 91.0% |
| 2017 | $17,915 | $9,477 | 21.6 | 2.7% | 36.4 | $2,244/mo | $1,464/mo | $3,982/mo | $2,348/mo | 2.4% | 90.7% |
Singapore compared with South-eastern Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Singapore | $20,832 | 3.3% | 14.9 | 3.7% |
| Cambodia | — | 4.8% | 32.5 | — |
| Indonesia | $1,858 | 4.6% | 18.9 | 9.6% |
| Malaysia | $2,298 | 4.1% | 8.5 | 4.3% |
| Philippines | $2,556 | 2.9% | 27 | 7.5% |
| Thailand | $3,763 | 3.1% | 26.5 | 6.2% |
| Vietnam | $2,822 | 3.1% | 23.7 | 10.2% |
Related
- Properties for sale in Singapore (53,473)
- Mortgages in Singapore for foreigners
- Singapore market overview
- Tax rates in Singapore
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.