What Would Singapore Property Prices Be Like In 30 Years?

Get The Property Insights Serious Buyers Read First: Join 50,000+ readers who rely on our weekly breakdowns of Singapore’s property market.

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.
Singapore real estate is in its own class, when it comes to inflation

Maybe you’ve seen this old ad going around; and granted, it’s American, but the entire world has been feeling the effects of inflation lately. Most Singaporeans can probably still empathise. If you think that level of inflation is scary though, wait till you see the effects in the resale flat or private property market.
Even over 10 years, property price inflation is unmatched by other goods. Consider 4-room flat prices in 2014, versus 2024:

Back in October 2014, (resale) 4-room flats were at $423 psf on average. At around 960 sq.ft., which is a typical flat size, you could get one for a little over $400,000. As of October 2024, we’re up to $636 psf, or about $610,500+.
For the sake of comparison, I played around a bit with the MAS Inflation Calculator. It only goes to 2023, but that’s somewhat close enough (note: I admit this is nowhere near as rigorous as an actual article).
A meal that cost $3.50 in 2013, would cost around $4.50 today. A $50 doctor’s bill in 2013 should be about $58 today. You can play around with it and see if you agree; but the point is, nothing seems to have gone up as quickly as property prices, and this is just with regard to public housing.

The inflation rate given, for various baskets of goods like utilities, food, healthcare, etc. is typically around 2.5 to three per cent. If we consider that median wages in around 2013 were at $3,800 per month and that it’s at $5,200 per month in 2024, many of us have seen our wages match or outpace inflation in many categories. While I understand it’s not universally true, some people now have to work fewer hours to buy a TV, t-shirt, phone, etc.
But whilst it’s becoming easier to afford some consumer goods, resale flats and private properties have gone the other way. BTO flats are still kept affordable by government controls; but once you get to the secondary or private market, you’re likely working harder and longer than in previous years, to afford your home.

For young Singaporeans, it may be time for an apples-to-oranges comparison
If you must bypass the BTO queue for some reason, you’ll just have to throw enough money at someone to convince them to move. And Singaporeans have high savings and big expectations, as well as expensive replacement properties. So you’ll have to chuck a whole lot of money at them.
More from Stacked
5 Key Consequences Of Rising Mortgage Rates In 2022
The median interest rate for home loans is set to double in as little as six months, and it would…
So maybe, instead of sticking to conventional comparisons (e.g., comparing location, square footage, which MRT lines are close), it’s worth going outside the property box. Is getting your flat a few years sooner, really worth the price of a degree or master’s? Is an extra 300 sq. ft. – because old flats are bigger – equal to ($636 x 300) = $190,800 worth of other life goals?

It boils down to what’s going to make you happier in life, and the answer to that isn’t always that “I can walk to the MRT from here.”
Inflation is a real thing, and I would never downplay it. But focusing on resale instead of BTO flats, or private property, greatly amplifies its perceived impact; to a much greater degree than other aspirations. For some of us, a good way to stop feeling the pain of inflation might be to channel our financial goals elsewhere, besides a pricier home.
Now that I’ve gotten myself preemptively fired from every agency for saying that, let’s look at what’s happening in…
Other property news
- The rising number of resale flats between $900,000 to $1 million, aka How BTO flats will save your life.
- We know some of you don’t have the BTO option though. To balance out the sense of panic, here are the cheapest 4-room resale flats near MRT stations. While they last, eh?
- Are mega-developments good? There must be some downsides to that lower price tag and more lavish facilities.
- Norwood Grand is selling really well, despite detractors screaming about $2,000+ psf prices in Woodlands.
Weekly Sales Roundup (14 October – 20 October)
Top 5 Most Expensive New Sales (By Project)
PROJECT NAME | PRICE S$ | AREA (SQFT) | $PSF | TENURE |
MEYER BLUE | $6,249,000 | 1905 | $3,280 | FH |
KLIMT CAIRNHILL | $4,782,160 | 1432 | $3,340 | FH |
TEMBUSU GRAND | $3,583,000 | 1432 | $2,503 | 99 yrs (2022) |
19 NASSIM | $3,538,000 | 969 | $3,652 | 99 yrs (2019) |
ONE BERNAM | $3,430,000 | 1421 | $2,414 | 99 yrs (2019) |
Top 5 Cheapest New Sales (By Project)
PROJECT NAME | PRICE S$ | AREA (SQFT) | $PSF | TENURE |
NORWOOD GRAND | $988,000 | 495 | $1,995 | 99 years |
KASSIA | $1,014,000 | 474 | $2,141 | FH |
LENTORIA | $1,292,000 | 538 | $2,401 | 99 yrs (2022) |
THE MYST | $1,342,000 | 657 | $2,044 | 99 yrs (2023) |
PARC CANBERRA | $1,345,000 | 958 | $1,404 | 99 yrs (2018) |
Top 5 Most Expensive Resale
PROJECT NAME | PRICE S$ | AREA (SQFT) | $PSF | TENURE |
TURQUOISE | $9,000,000 | 6900 | $1,304 | 99 yrs (2007) |
AMBER SKYE | $6,750,000 | 4629 | $1,458 | FH |
ST REGIS RESIDENCES SINGAPORE | $6,485,000 | 2594 | $2,500 | 999 yrs (1995) |
THE WATERSIDE | $5,288,888 | 2400 | $2,203 | FH |
THE SEAFRONT ON MEYER | $4,750,000 | 2088 | $2,275 | FH |
Top 5 Cheapest Resale
PROJECT NAME | PRICE S$ | AREA (SQFT) | $PSF | TENURE |
PARC ROSEWOOD | $615,000 | 431 | $1,428 | 99 yrs (2011) |
HEDGES PARK CONDOMINIUM | $715,000 | 484 | $1,476 | 99 yrs (2010) |
MILLAGE | $738,000 | 463 | $1,594 | FH |
RIVERSAILS | $746,888 | 506 | $1,476 | 99 yrs (2011) |
RIVERFRONT RESIDENCES | $782,000 | 463 | $1,690 | 99 yrs (2018) |
Top 5 Biggest Winners
PROJECT NAME | PRICE S$ | AREA (SQFT) | $PSF | RETURNS | HOLDING PERIOD |
THE BOTANIC ON LLOYD | $3,500,000 | 1496 | $1,016 | $1,980,000 | 19 Years |
SOUTHAVEN II | $2,550,000 | 1507 | $524 | $1,760,000 | 18 Years |
THE SEAFRONT ON MEYER | $4,750,000 | 2088 | $1,490 | $1,639,000 | 17 Years |
CITY SQUARE RESIDENCES | $2,380,000 | 1216 | $667 | $1,569,190 | 18 Years |
GOLDENHILL PARK CONDOMINIUM | $2,080,000 | 926 | $742 | $1,393,300 | 24 Years |
Top 5 Biggest Losers
PROJECT NAME | PRICE S$ | AREA (SQFT) | $PSF | RETURNS | HOLDING PERIOD |
THE BOTANY AT DAIRY FARM | $2,141,000 | 1033 | $2,072 | $0 | 1 Year |
JUNIPER HILL | $2,625,000 | 958 | $2,816 | -$73,000 | 3 Years |
MARTIN NO 38 | $4,200,000 | 1485 | $2,962 | -$200,000 | 13 Years |
KLIMT CAIRNHILL | $4,526,400 | 1432 | $3,409 | -$353,600 | 1 Year |
ALTEZ | $1,530,000 | 861 | $2,419 | -$552,796 | 12 Years |
Transaction Breakdown

For more on the Singapore property market and what’s happening, follow us on Stacked.
Ryan J
A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.Read next from Singapore Property News

Uncategorized Why More Singaporeans May Soon Trade Condos For Resale HDBs

Singapore Property News This 5-Room HDB in Clementi Just Sold For $1.458M: Here’s What The Seller Could Have Made

Singapore Property News 14,000 Homes In Kranji And A Transformed Woodlands — Will The North Become Singapore’s Next Hotspot?

Singapore Property News NDP Rally 2025: The 4 Key Housing Takeaways for Singaporeans
Latest Posts

Pro Treasure at Tampines Pricing Review: How Its Prices Compare to D18, OCR, and the Wider Market

Property Investment Insights Which Resale Two-Bedroom Condos Quietly Made Buyers Six-Figure Profits In Singapore?

Property Market Commentary Why Developers Are Now Building for Families in Singapore’s Most Expensive Districts

Landed Home Tours We Toured A Freehold Landed Estate Next To Mount Faber – With Semi-Detached Units From $5.2million

Overseas Property Investing Singaporeans Are Buying More Overseas Homes — But Few Have Prepared For These Things

On The Market We Found The Cheapest And Biggest 5-room Flats Over 1,400 Sq ft You Can Buy Right Now

Pro Low Floor vs. High Floor: What Transaction Data Reveals About the Premium

Editor's Pick Why I Bought A $1.47M 2-Bedroom Stirling Residences Condo Unit: A Buyer’s Case Study

Property Advice The Math Behind Why 30–35 Is The Sweet Spot To Upgrade From HDB To Condo

Pro Can a One-Bedder Outperform a Two-Bedder? We Analysed 5 Years of Data

Editor's Pick We Toured A Freehold Landed Estate In Singapore With Vintage Properties and Top Thai Restaurants

On The Market 5 Cheapest 3-Bedroom Condos To Buy Right Now In 2025 (From $980K)

Homeowner Stories I’m a Former Police Officer Who Now Co-Owns 40 Property Investments Without Managing a Single Tenant: Here’s How

Pro Analysing 10 Years of District 15 Boutique Condo Transactions: Insights Into What Drives Profitability

Editor's Pick The Ideal Size for Each Room of Your Condo to Actually Feel Liveable Revealed

there are alot of calculation error
Top 5 Cheapest New Sales (By Project)
Kassia is $3000+ psf now?
Parc Canberra $PSF is higher than The Myst although it’s 300 sqft bigger with $3k more only?
There could be other errors which i didn’t check
So, What Would Singapore Property Prices Be Like In 30 Years?? I don’t feel like the question has been answered by the article.
Average Singaporeans leaving singapore let foreign invasion take over