108 views
Photo by Danist Soh on Unsplash

Private home price growth eases to 8.6% in 2022

In 2021, prices increased by 10.6%.

Prices of private residential properties grew slower in 2022, increasing by 8.6% YoY, data from the Urban Redevelopment Authority (URA) showed.

Last year, the market recorded price growth of 10.6%.

By property type, prices rose by 9.6% YoY for landed properties and 8.1% YoY for non-landed properties.

For the whole of 2022, non-landed properties in the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) recorded a price increase of 4.8%, 9.7%, and 9.3%, respectively.

Unlike prices, rentals of private residential properties grew faster in 2022, increasing by 29.7%. In 2021, rentals rose by 9.9%.

Landed and non-landed properties recorded a full-year rental growth of 28.1% and 29.8%, respectively. 

Rentals of non-landed properties likewise increased in the CCR (28.2%), RCR (30.3%), and OCT (31.8%). 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!