Real Residential Property Prices for Singapore
QSGR628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.89
Year-over-Year Change
7.20%
Date Range
1/1/1998 - 10/1/2024
Summary
The Real Residential Property Prices for Singapore measures inflation-adjusted changes in residential real estate values over time. This key indicator provides insights into the health of the Singapore housing market and consumer purchasing power.
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
This index tracks the inflation-adjusted prices of residential properties in Singapore, including both public and private housing. It is used by economists and policymakers to analyze housing affordability, consumer trends, and broader macroeconomic conditions.
Methodology
The data is calculated by the Bank for International Settlements using information on residential property transactions and prices.
Historical Context
Real estate trends influence consumer spending, construction activity, and monetary policy in Singapore.
Key Facts
- Singapore has one of the most expensive housing markets globally.
- Residential property prices have risen over 60% since 2009.
- The government actively manages housing affordability through policy interventions.
FAQs
Q: What does this economic trend measure?
A: The Real Residential Property Prices for Singapore index tracks inflation-adjusted changes in the value of residential real estate in the country over time.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into housing affordability, consumer spending patterns, and broader macroeconomic conditions in Singapore.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using information on residential property transactions and prices.
Q: How is this trend used in economic policy?
A: Real estate market trends influence consumer spending, construction activity, and monetary policy decisions in Singapore.
Q: Are there update delays or limitations?
A: The data may have update lags of several months and may not fully capture all residential transactions in Singapore.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for Singapore (QSGR628BIS), retrieved from FRED.