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Property Market Updates

Singapore Quarter 1, 2023

2023 Q1

15 min read

Elevated economic uncertainty and borrowing costs will temper buying demand. Nonetheless, with a line-up of new project launches in 2023, homebuyers would be provided with more options that could support sales. Q1 2023 saw healthy investment activity for lower-quantum sites. The tourism recovery has put hospitality sites in the spotlight. Investment sales for 2023 is expected to moderate amid cautious investor sentiments.Read More

Singapore Quarter 4, 2022

2022 Q4

15 min read

Based on advance estimates, Singapore’s economy expanded by 2.2% y-o-y in Q4 2022, easing from the previous quarter’s 4.2% growth. Growth during the quarter was led by the expansion of the construction sector while the manufacturing sector contracted. Overall estimated economic growth for 2022 was 3.8%, half of 2021’s 7.6% growth, but slightly higher than the MTI’s forecast of 3.5%.Read More

Singapore Quarter 3, 2022

2022 Q3

15 min read

In Q3 2022, Singapore’s economy expanded by 4.4% y-o-y, a slight moderation from 4.5% in the previous quarter. Growth during the quarter was led by the Accommodation & Food Services, Real Estate, and Other Services sector, in line with the lifting of community and border measures as well as the steadfast tourism recovery.Read More

Singapore Quarter 2, 2022

2022 Q2

15 min read

In Q1 2022, Singapore’s economy expanded by 3.7% y-o-y, a moderation from 6.1% in the previous quarter. The quarter’s growth was led by the manufacturing, finance & insurance, and professional services sectors. Both goods-producing sector (6.3% y-o-y vs 13.6% y-o-y) and the services sector (4.2% y-o-y vs 4.4% y-o-y) experienced slower growth in Q1 2022 compared to Q4 2021. Apart from the Accommodation & Food Services, Real Estate, and Other Services sectors which experienced faster growth, the other sectors’ growth had decelerated.Read More

Singapore Quarter 1, 2022

2022 Q1

15 min read

Singapore’s economy grew by 3.4% y-o-y in Q1 2022, a deceleration from the 6.1% in Q4 2021, due mainly to a moderation in growth of the manufacturing sector. The manufacturing slowdown decline reflected the lower PMI indices in recent months, although global demand for semiconductor and semiconductor equipment remained sustained.Read More

Singapore Quarter 4, 2021

2021 Q4

15 min read

Singapore’s economy grew by 5.9% y-o-y in Q4 2021, a moderation from the 7.1% in Q3 2021. However, full y-o-y growth stood at 7.2% in 2021, the highest since 2010. MAS kept its inflation outlook unchanged on 25 October 2021. Singapore’s core inflation for 2021 will likely come near the upper end of its 0 - 1% forecast and increase to 1 – 2% in 2022. Overall inflation is forecast to come in around 2% in 2021 and average 1.5 - 2.5% in 2022.Read More
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