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Market Strength

Has Singapore property held its value through every major crisis and cooling measure?

+129% in private home prices since their 2009-Q2 low

Prices through the Asian Financial Crisis, SARS, the global financial crisis and Covid. What fell, how far, and how long recovery took.

3 charts · URA, HDB and SingStat

Click the i icon on any chart to see what it shows and why it's in the report.

Price indices through recent crises

What does this chart do? What it shows The URA private property price index and the HDB resale price index plotted across five past shocks (Asian Financial Crisis, dot-com, SARS, Global Financial Crisis, COVID), so you can see how far prices fell and how quickly they recovered each time. Why it's in the report Demonstrates the market’s track record of resilience — drawdowns were shallower and shorter-lived than in most asset classes. Toggle full width Full screen Export as image

Source: URA PPI + HDB RPI, data.gov.sg

Cooling measures vs the price index

What does this chart do? What it shows The property price index with a marker at each government cooling measure, showing where policy interventions landed relative to price movements. Markers indicate timing only. Why it's in the report Shows the market is actively managed by policy, which has tended to dampen bubbles rather than let prices run away. Toggle full width Full screen Export as image

Event markers are timing-only; no causal attribution.

Source: Index: URA/HDB, data.gov.sg; measures: MND/MAS/IRAS announcements

Household leverage: past crises vs now

What does this chart do? What it shows Household leverage (debt relative to assets) during past crises compared with today, drawn from the SingStat household sector balance sheet. Why it's in the report Lower leverage today means households are far less exposed to forced selling in a downturn — a core resilience signal. Toggle full width Full screen Export as image

Source: Household Sector Balance Sheet, SingStat

Disclaimer: The property transaction and rental data displayed on SellMyHouse.sg are aggregated from publicly available sources (including data.gov.sg and URA) and are intended for general informational and educational purposes only. While we strive to keep the information updated and accurate, SellMyHouse.sg makes no representations or warranties of any kind, express or implied, regarding the completeness, accuracy, reliability, or suitability of the data. These figures are indicative estimates derived from publicly available data — not a formal valuation or financial advice.

Any property estimates, historical trends, or calculated averages shown are automated approximations and do not constitute formal valuations, financial, legal, or real estate advice. Users should independently verify all transaction details and consult with a licensed real estate professional or qualified advisor before making any financial decisions or property commitments. SellMyHouse.sg shall not be held liable for any loss or damage arising from the use of or reliance on this information.

The other four questions

Are households financially strong enough to keep carrying — and buying — property?

S$9.05 of household assets for every S$1 of debt, as at 2026-Q1 What Singapore households own set against what they owe, quarter by quarter, and where residential property sits inside that balance sheet. 3 charts · SingStat

How deep and capable is the pool of buyers driving demand?

S$12,635/month is the average income of a 41st–50th percentile household, employer CPF included (2025) Who is able to buy: household income by decile, resident population against household formation, and the flats reaching MOP each year. 7 charts · SingStat, URA, HDB and MAS

How scarce is the supply of land and new homes?

16,219 unsold private homes with planning approval, as at 2026-Q1 Unsold units, the completion pipeline by expected TOP year, government land sales, and how much of the island is zoned for housing at all. 7 charts · URA, HDB, MND and BCA

Do rental returns still reward owning Singapore property?

+50% in private rents over the five years to 2026-Q1 Rents against the rental index, vacancy, gross yields on HDB and condo, and where SORA sits against them. 4 charts · URA, HDB and MAS