Singapore Real Estate Market Share, Trends, Revenue, Scope, Growth Drivers, Competitive Analysis and Future Outlook 2022-2032


Singapore Real Estate Market Share, Trends, Revenue, Scope, Growth Drivers, Competitive Analysis and Future Outlook 2022-2032: SPER Market Research

 Published: Mar-2023
 Author: SPER Analyst

Singapore Real Estate Market is projected to be worth USD XX billion by 2032.

Singapore's real estate market is very active and popular, due to the city's densely populated areas and a strong economy. The Singaporean government has taken a proactive approach to manage the real estate industry, imposing stamp duties on real estate deals and adopting measures to restrain speculation and stop the bursting of property bubbles. This has led to an increase in property prices, particularly in well-known areas like the central business district and those close to public transit. Singapore offers a wide range of property types, from luxury condos and landed properties to public housing flats. This market attracts a wide range of buyers and investors, from first-time homebuyers to high-net-worth people and institutional investors. 

The Singapore real estate market has matured significantly in recent years, as the country has become an important hub for foreign trade, tourism, and domestic housing demand. As a result, Singapore has developed an extensive real estate infrastructure including mixed-use developments, environmentally-friendly buildings, and architectural marvels. The commercial real estate industry in Singapore is very profitable because there are many foreign competitors. Revenue from retail and lodging real estate can increase when tourism grows. The majority of the population in Singapore lives in government-owned HDB properties, which makes the city-state one of the most expensive real estate markets in the world. The Singapore real estate market is complex and full of opportunities and challenges, with significant regulatory and market risks as well as strong potential for capital appreciation and rental income.

The COVID-19 pandemic has had a significant effect on the Singapore real estate market, with buyers being reluctant to commit large sums of money to the market and sales activity slowing down. Developers and sellers are having difficulty finding buyers for properties, as a result. The market for luxury homes has decreased as a result of the pandemic, while the market for rental properties has increased. Developers are now providing discounts and promos to entice buyers, while the demand for luxury properties has decreased. The pandemic has also changed people's attitudes towards rental properties, as more people are searching for affordable options. The decrease in rental costs has led to an increase in online real estate deals. This is because social distancing regulations make it more difficult for people to meet in person. Developers and agents are using online platforms to advertise properties, and experts believe that the market will rebound in the future.

Singapore Real Estate Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Ascendas Real Estate Investment Trust, CapitaLand, City Developments Limited, EL Development Pte Limited, Far East Organization, Frasers Property, Genting Singapore, Global Logistics Properties, GuocoLand Limited, UOL Group Limited.

Singapore Real Estate Market Segmentation:

By Property Type: Based on the Property Type, Singapore Real Estate Market is segmented as; Hospitality, Logistics/Industrial, Office, Residential, Retail

By Value: Based on the Value, Singapore Real Estate Market is segmented as; Premium, Luxury, Affordable

By Region: Singapore's real estate market can be divided into four major regions: the Core Central Region (CCR), the Rest of Central Region (RCR), the Outside Central Region (OCR), and Sentosa Island. Singapore's CCR is the costliest neighbourhood. Due to its close proximity to the city's core, corporate districts, and upscale shopping areas, the neighbourhood is regarded as prime real estate. This area is filled with upscale condominiums, upscale shops, and prestigious business buildings. In comparison to the CCR and RCR, the OCR is more reasonably priced and consists primarily of residential properties like HDB flats and private condos. Luxury villas, condos, and hotels are among the high-end residential and business structures on the well-liked tourist destination of Sentosa Island. Despite this, Singapore's real estate market is still thriving, with consistent demand for luxurious homes in the CCR and Sentosa Island as well as reasonably priced housing choices in the OCR.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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