Singapore: In 2018 Prices for Real Estate Rose by 7.9%

The prices of housing in Singapore grew by 7.9% in 2018. The year before, the cost increase barely exceeded 1%. According to the price increase, the statistics for the areas of Singapore are as follows:

  • Outside Central Region (OCR) – 9.4%;
  • Core Central Region (CCR) – 6.7%;
  • Rest of Central Region (RCR) – 7.4%. 

During the year 2018, construction companies sold 8,975 apartments in the city-state. 

One of the world's leading companies in the provision of real estate related services (JLL) predicted an increase in construction (to 10,000-12,000) and sales (9,000-10,000) of an even larger number of residential premises in Singapore.