How much have property prices in Singapore increased since COVID, separately for HDB and private market?

Since the start of Covid-19 in early 2020, property prices in Singapore have risen sharply in both the HDB resale and private residential segments.

For HDB resale flats, prices increased by around 54% from 1Q2020 to 2Q2025. This marks more than 20 consecutive quarters of growth, with recent quarters showing signs of stabilisation but still recording positive gains.

For private residential properties, prices have also climbed steadily, though at a slower pace compared to HDB. From 1Q2020 to 2Q2025, private home prices have grown by approximately 24%. The pace of increase has moderated in 2025, with quarterly growth currently below 1%, following significant rises in the years immediately after Covid.

In summary, both HDB resale and private residential markets saw substantial price appreciation since Covid, with HDB resale flats registering a much faster rate of increase.