Reward 500 Tiger-coinsA recent research report from DBS Bank has stirred heated debate: In 15 years, the average psf price of private homes could exceed S$4,000 — roughly double today’s level!
For context, according to URA data, the median psf for non-landed private homes in the first three quarters of this year was just S$2,139.
That means — a 1,000 sq ft condo that costs S$2.14 million today could reach S$3.5–4.05 million in 15 years!
😱Many people’s first reaction is:
“If I don’t buy now, I’ll never be able to afford it later!”
Others are skeptical:
“Is this forecast realistic? Can prices really rise that long?”
🔍 Why is DBS confident about a “price doubling” scenario?
The report is built on three main pillars:
1️⃣ Stable population growth and steady inflow of foreign talent Singapore’s population has surpassed 6.11 million, with foreigners and PRs still increasing.
The government plans to add 130,000 new homes over the next 10–15 years — but demand could outpace supply.
2️⃣ Rising household income
DBS expects median income to rise steadily alongside economic growth. “Affordability” will remain the keyword supporting future housing demand.
3️⃣ Strong policy and regulatory stability
Continued cooling measures to curb speculation, plus ongoing urban renewal and infrastructure upgrades, will help sustain long-term value.
But even DBS admits:
“A 15-year forecast carries high uncertainty. Any shift in population, economy, or policy could reverse the trend.”
In fact, from 2000 till now, Singapore property prices have risen about 1.6x, but not every cycle moves in a straight line — it’s still a slow bull with volatility.
What about S-REITs?
If home prices skyrocket, is that good or bad for them?
At first glance, property appreciation seems positive — but the reality is more nuanced.
Home prices doubling ≠ REIT prices doubling. The key to REIT performance lies in rental cash flow growth and interest rate control.
Join the Discussion
What’s your take?
1️⃣ I believe it — Singapore property only goes up.
2️⃣ Sounds far-fetched — doubling in 15 years is too much.
3️⃣ Doesn’t matter to me, I’m investing in REITs.
Leave your comments to win tiger coins~
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Comments
Still, I doubt the rise will be linear. Factors like interest rates, global uncertainty, and population shifts could slow the pace. Doubling in 15 years assumes strong income growth and sustained demand — conditions that may not always align.
Personally, I prefer balance. Property is a good hedge, but I’d rather diversify through REITs and equities to capture growth with lower capital and debt risk. Prices may keep climbing, but I’m not betting everything on real estate alone.
@Tiger_SG @TigerStars @Tiger_comments
I can just start with a few hundred dollars and SReits are traded on SGX just like stocks, making it so easy to buy and sell.
I also have diversification across different sectors of industries - from retail, to hospitality and industrial centers. How good is that!
With interest rates coming down, SReits have lower borrowing costs, allowing them to pay better dividends. It is a Win Win situation for SReits managers and investors.
@Tiger_SG @TigerStars @Tiger_comments @TigerClub @CaptainTiger
Check them in the history - “community distribution“
Simply put, wages just don't keep up with inflation and appreciation, and that is totally unacceptable, we really shouldn't accept things as it is...