Singapore is 26th globally in residential real estate value

China remains number one, whilst regional peer Vietnam ranked 22nd.

Singapore ranked as the 26th globally in terms of residential real estate value in 2024, according to Savills World Research.

Singapore saw price growth together with the expansion of its total stock through new development, the real estate services company said in the report published on July 2025. This pushed it up four places from its 30th position in 2019.

“An increase in total residential value indicates economic growth and market expansion, however, can also signal squeezed housing affordability,” said Paul Tostevin, head of Savills World Research.

China emerged as the top market in terms of real-estate value, at 29% of the total.

China, alongside the US, Japan, Germany, the UK, France, Canada, Australia, South Korea, and Italy, all collectively account for 71% of the total global residential value.

“Residential wealth is unevenly distributed across the globe,” said Tostevin. “Europe holds a quarter of the world’s real estate value but only 10% of its population. North America, with just 6% of the global population, holds 22% of residential value.”

By contrast, Africa and Asia, home to the majority of the world’s population, hold a disproportionately small share of residential wealth, he said.

In Southeast Asia, Vietnam rose three places to 22nd place. Prices of residential properties have risen on the back of population growth. Housing and land reform have also boosted buyer interest, Savills said.