Residential Property Prices for Singapore
QSGN628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.59
Year-over-Year Change
20.62%
Date Range
1/1/1998 - 10/1/2024
Summary
The Residential Property Prices for Singapore trend measures changes in the price level of residential real estate in Singapore. This key indicator provides insights into the housing market and broader economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Residential Property Prices for Singapore index tracks the price development of residential properties, including houses and apartments, in the Singapore real estate market. It is an important metric for policymakers, investors, and analysts to assess the state of the housing sector and broader economic trends.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) based on national sources.
Historical Context
Residential property prices are closely monitored by the Monetary Authority of Singapore and other government agencies to inform housing and macroeconomic policies.
Key Facts
- Singapore has one of the most expensive housing markets in the world.
- Residential property prices in Singapore have risen steadily over the past decade.
- The government has implemented various cooling measures to stabilize the housing market.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for Singapore trend measures changes in the price level of residential real estate in Singapore, including houses and apartments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health of the Singapore housing market and broader economic conditions, making it a key indicator for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) based on national sources.
Q: How is this trend used in economic policy?
A: Residential property prices in Singapore are closely monitored by the Monetary Authority of Singapore and other government agencies to inform housing and macroeconomic policies.
Q: Are there update delays or limitations?
A: The Residential Property Prices for Singapore data is published quarterly with a delay, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Residential Property Prices for Singapore (QSGN628BIS), retrieved from FRED.