Singapore boasts one of the most expensive real estate markets in the world. This is especially the case for private residential properties, since HDB flats are only available for citizens, and thus relatively protected from investor speculations. In order to slow down the market speculation that has driven up property prices, however, the Singaporean government has put in multiple measures to cool investor demand.
So far in 2017, property prices seem to be still falling on average, while consumers' debt leverage is increasing, a worrying sign for the economy. According to the SRX Property Index, property prices are in overall decline in Singapore, especially for both HDBs and landed private properties. However, while property prices are in decline overall, there were still pockets of price increases in some areas of Singapore. Below, we have prepared a study on property prices in Singapore to help prospective buyers plan out their purchases in advance.