Private house prices rise 3.3% in 1Q23

The Q1 figure is an increase from the 4Q22 growth of 0.4%.

The growth of private residential prices picked up in Q1, rising by 3.3% YoY. Last quarter, prices only grew by 0.4%.

The rate of price increase also picked up for both landed and non-landed homes.

Data from the Urban Redevelopment Authority (URA) showed that prices of landed properties rose 5.9% YoY (vs 0.6% in Q4), whilst prices of non-landed homes rose 2.6% YoY (vs 0.3% in Q4).

By market, the Rest of Central Region recorded the highest price increase for non-landed homes(+4.4% YoY), followed by Outside Central Region (+1.9% YoY), and Core Central Region (+0.8%).

Unlike prices, rents for the quarter slightly moderated, increasing by 7.2% in 1Q23 from the previous 7.4% increase.

The increase in the rentals of non-landed properties likewise moderated, rising by 6.2% (vs 7.5%).

By market, CCR recorded the highest rental growth (6.4%), followed by RCR (6.2%), and OCR (6.1%). The pace of increase in all markets moderated.

Rental growth of landed properties, on the other hand, picked up in 1Q23, increasing by 14.5% (vs 6.3%).

Follow the link for more news on

Urban Redevelopment Authority

Singapore private home prices

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia