URA 3Q23 real estate statistics

Price increase eases as sales slow amid market challenges and competition.

Macroeconomics

Value and risk advisory

Living and multifamily

Government

Authors

Andrew Peck

	Median Rentals (SGD psf pm) Based on Lease Commencement				Median Rents (SGD psf pm) Based on Contract Date
	Cat 1	q-o-q	Cat 2	q-o-q	Cat 1	q-o-q	Cat 2	q-o-q
1Q22	10.69	2.4%	5.20	2.2%	10.25	1.6%	5.32	3.9%
2Q22	10.79	0.9%	5.41	4.0%	10.09	-1.6%	5.41	1.7%
3Q22	10.89	0.9%	5.60	3.5%	10.66	5.6%	5.57	3.0%
4Q22	11.16	2.5%	5.70	1.8%	10.75	0.8%	5.70	2.3%
1Q23	11.28	1.1%	5.90	3.5%	10.77	0.2%	5.80	1.8%
2Q23	11.44	1.4%	6.25	5.9%	11.49	6.7%	6.19	6.7%
3Q23	12.31	7.6%	6.24	-0.2%	11.22	-2.3%	5.91	-4.5%

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