Official URA Data · Updated Twice Weekly

Singapore Property Price Index

The official URA Private Residential Property Price Index, plus median transacted prices per square foot across all 27 active postal districts. Index data from URA via data.gov.sg; medians computed from private residential caveats in the URA Data Service.

Index as of Q2 2026 · caveat data as of 2026-08-12

What the URA Price Index Actually Measures

URA compiles the Private Residential Property Price Index using stratified hedonic regression. In plain terms, it controls for what is being sold, so that a quarter full of expensive new launches does not masquerade as a price rise. It is the only figure on this page that answers the question "have prices gone up".

Latest reading by property type:

Why Median PSF Is Not a Price Index

Every median on this page is descriptive. It answers "what did units go for", which is genuinely useful when you are sizing a purchase or estimating equity. It does not answer "how much have prices moved", and reading it that way produces badly wrong conclusions.

The gap is not small. For Q2 2026:

The median overstates the year-on-year move because it tracks which projects transacted, not prices. A quarter with a large launch in a prime district lifts the median while underlying prices sit still. Use the index for direction, the medians for magnitude.

Median PSF by Market Segment

URA assigns every project to one of three segments. CCR covers districts 9, 10 and 11 plus the Downtown Core and Sentosa; RCR is the ring outside it; OCR is the suburbs.

Note how thin CCR volume is relative to OCR. That thinness is exactly why the CCR median swings hard from quarter to quarter and should not be read as a trend on its own.

Median PSF by District

Trailing four quarters, so that quieter districts still clear a meaningful sample. Districts with fewer than 20 units in the window are omitted rather than shown as a noisy figure.

Median PSF by Quarter

The last eight quarters of median transacted PSF, with volume. Read the volume column alongside the median: a quarter with unusual volume usually explains an unusual median.

What This Means for Your Mortgage

The index affects how much you can borrow, not what you pay for it.

Whatever the index does, MAS requires banks to stress-test your loan at a 4% floor rather than the rate you are quoted. See the MAS stress test guide for how that caps borrowing capacity.

Frequently Asked Questions

About the author — Dan Ler has advised on Singapore home loans since 2017 at Nexus Mortgage SG, an independent brokerage comparing 16+ MAS-regulated lenders. Nexus has facilitated 500+ home loans across HDB, EC, private condo and landed property segments. Banks pay Nexus on disbursement, so there is no cost to the borrower.

Further reading

SORA rate today · Current mortgage rates · Affordability calculator · Equity / cash-out loan · Rate outlook 2026 · Second property loan LTV

Sources and limitations. The price index is URA's Private Residential Property Price Index, retrieved from data.gov.sg under the Singapore Open Data Licence, base Q1 2009 = 100, compiled by stratified hedonic regression. Median figures are computed by Nexus from private residential caveats in the URA Data Service, refreshed every Tuesday and Friday; caveats lag transactions by roughly two to three weeks, so the most recent quarter is excluded until complete. Cells with fewer than 20 units are suppressed. Contains information from URA accessed via the URA Data Service. Medians are aggregate statistics and are not a valuation of any individual property; a bank will instruct its own valuer. This page is general information and not financial advice.