What is the average price appreciation for property in Singapore for the last 20 years

Over the last 20 years, the private property prices in Singapore have shown significant appreciation. The private property price index in Singapore has risen from 588 points in 2003 to 2040 points in the first quarter of 2023, representing an overall increase of 247%.

When calculated on an annual basis, this translates to an average annual compound growth rate of approximately 6.4%. This indicates that, on average, private property prices in Singapore have increased by about 6.4% per year over the past two decades.