Insights · Market

Singapore Industrial Property: Price and Rental Index History

JTC's industrial property price index — via data.gov.sg, base 2012-Q4 = 100 — actually goes back to Q1 1975, further than the "since roughly 2001" figure sometimes assumed. The rental index run starts at Q1 1990.

The headline numbers

Price index — full history

All-industrial price index — full history

1975198019851990199520002005201020152020202511412

Q1 1975: 12.7 → Q2 2026: 113.8 — 9.0× over 205 quarters.

Marked on the chart: 1985 recession · 1997 Asian Financial Crisis · 2003 SARS · 2008 Global Financial Crisis · 2009 recovery + early cooling rounds · Dec 2011 ABSD introduced · Jun 2013 TDSR framework · 2018 ABSD hike · 2020 COVID-19 · Dec 2021 cooling measures · Apr 2023 ABSD 60% (foreigners).

Year-by-year table (1975–2026)
YearIndex (last quarter reported)
197512.2
197612.5
197714.3
197813.6
197915.5
198027.7
198144.5
198238.7
198332.7
198427.7
198520.1
198617.8
198718.6
198819.8
198927.8
199034.6
199136.7
199242.1
199343.4
199457.1
199575.7
199684.1
199780.2
199854.9
199952.1
200061.2
200155.3
200247.2
200342.8
200443.3
200544.4
200647.4
200758.2
200859.0
200950.5
201062.5
201179.5
2012100.0
2013103.2
2014106.8
2015105.0
201695.4
201790.0
201890.0
201989.7
202087.3
202191.1
202297.9
2023102.9
2024106.5
2025111.8
2026113.8

Source: JTC industrial price index via data.gov.sg. Historical index, past-tense only — not a forecast. Base: 2012-Q4 = 100.

Rental index — full history

All-industrial rental index — full history

1990199520002005201020152020202511452

Q1 1990: 62.3 → Q2 2026: 113.8 — 1.8× over 146 quarters.

Marked on the chart: 1997 Asian Financial Crisis · 2003 SARS · 2008 Global Financial Crisis · 2009 recovery + early cooling rounds · Dec 2011 ABSD introduced · Jun 2013 TDSR framework · 2018 ABSD hike · 2020 COVID-19 · Dec 2021 cooling measures · Apr 2023 ABSD 60% (foreigners).

Year-by-year table (1990–2026)
YearIndex (last quarter reported)
199081.3
199187.8
199295.2
199396.5
199495.3
1995107.8
1996103.5
199798.3
199875.2
199963.9
200063.7
200161.4
200256.9
200352.2
200453.0
200555.8
200658.2
200776.7
200880.0
200969.3
201078.6
201190.8
2012100.0
2013105.0
2014102.8
2015100.6
201693.8
201791.2
201890.9
201991.0
202089.6
202191.4
202297.7
2023106.4
2024110.1
2025112.7
2026113.8

Source: JTC industrial rental index via data.gov.sg. Historical index, past-tense only — not a forecast. Base: 2012-Q4 = 100.

Questions worth asking

How far back does JTC's industrial price index go?
The data.gov.sg mirror of JTC's all-industrial price index starts at Q1 1975 (base 2012-Q4 = 100), and the rental index starts at Q1 1990.
Has industrial rent grown faster or slower than industrial prices since records began?
From their respective starting points, the price index moved 9.0× and the rental index moved 1.8× — see the two charts above for the actual path, which was not a straight line in either series.
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General information only, not financial or legal advice, and not a forecast — figures are past-tense, sourced, and dated at build time. Verify me: search 9693 7787 on the CEA Public Register. If an advert for this property shows a different number, it is not me. Andrea Goh · PropNex Realty Pte Ltd (Licence No. L3008022J) · CEA R000289H · 9693 7787.