Singapore · Asia · Population: 5,700,000
Singapore is a challenging market for first-time buyers, with rapidly rising prices driven by strong demand. The city has above-average rental costs. At $850,000 average home price in Singapore, buyers should consider the 14.5x price-to-income ratio when planning a purchase.
| Average Home Price | $850,000 |
| Price per sqm | $18,000 |
| Price-to-Income Ratio | 14.5x |
| Mortgage Rate | 3.5% |
| 1-Year Price Change | +5.8% |
| 1-Bedroom Apartment | $2,500/mo |
| 3-Bedroom Apartment | $4,200/mo |
| Rent-to-Income Ratio | 42% |
| Median Household Income | $59,000/year |
| Years to Buy (at median income) | 14.5 years |
| Local Currency | SGD |
With a price-to-income ratio of 14.5x, Singapore is one of the most expensive cities for homebuyers. Consider renting or exploring nearby cities for better value. Home prices have increased 5.8% in the past year.
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Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
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