On 26 November 2025, the Ministry of Health (MOH) announced a major overhaul of Integrated Shield Plan (IP) riders.
These riders once provided “full” coverage, allowing policyholders to avoid paying a single cent on eligible hospital bills. That glass became less full with the introduction of the 5% co-payment requirement on 1 April 2019, and with this latest announcement, the coverage has been tightened further.
What has changed (again)?
Property prices in Singapore have soared over the last decade.
This isn’t surprising, given the limited land availability and constant high demand for properties. As long as this demand remains, prices are likely to keep rising, indirectly increasing attention on mortgage-related products to help buyers secure more affordable rates.
However, when these prices reach unsustainable and unaffordable levels, the government steps in with cooling measures to stabilise the market. This has been the case recently.
But what does the future hold? Will prices keep climbing, or are we on the brink of a cooldown?
To answer these questions, we’ll look into the latest trends and statistics on both public and private housing prices in Singapore.
Note: All figures are in Singapore dollars (SGD).
Singapore’s property market is known for its high prices. The main reason for this is simple: demand outweighs supply.
Given that Singapore is a small nation with limited land, the supply of property is constrained. As long as demand persists, prices are bound to rise, making it increasingly important to explore more affordable financing and housing-related solutions.
Looking at the long term trend, this pattern shows no signs of slowing down.
But what drives such appeal for residential properties in Singapore? Let’s delve into some of the main reasons behind the demand for properties in Singapore.
Buying a property in Singapore is a costly affair.
It could also be one of the biggest financial undertakings you could take on in your life.
Residential property prices have increased significantly over the years. This can be seen with million-dollar HDB resale flats becoming more common. Even the median price of a 5-room HDB resale flat is at $736,000 now.
But the purchase price of the property is just one half of the equation. There are other costs associated with purchasing and owning a home in Singapore, and that will be the topic for today.
So, read on!
Housing is a very important component to a Singaporean, as it’s likely to be one of the biggest wealth-generating assets, amongst other asset-building alternatives.
Statistics concerning households are indispensable when it comes to understanding the way people in Singapore live. Most young Singaporeans live with their parents well into adulthood or until marriage, which makes it particularly easy to draw accurate conclusions from household data.
This significance of housing could also explain why the government collects such extensive data on households. In this article, we go over some notable statistics about households and housing in Singapore. If you want to know the average household income in Singapore, click here instead.
Note: All figures are in Singapore dollars (SGD).
Singapore’s education system is taken very seriously, and for good reason. The island nation suffers from a lack of natural resources and thus relies heavily on human capital, seen as one of the keys to its strong economy and high Gross Domestic Product (GDP).
Education in Singapore can be expensive, but it is considered necessary, much like the saving up and investing required to afford it.
While Singapore citizens pay heavily subsidised prices, the costs are significantly higher for foreign and international students.
Let’s look at the notable statistics on the cost of education in Singapore.
Note: All figures are in Singapore dollars (SGD).
Home is where the heart is, but cost is still a major consideration when purchasing one in Singapore.
Singaporeans have two main types of housing to choose from — public housing, most commonly referred to as Housing Development Board (HDB) flats, and private property. Most condos and landed houses are forms of private property.
77.2% of Singapore residents live in HDB flats, 17.9% live in condos, and 4.7% live in landed properties.
As the cost of living continues to soar on the back of inflationary pressure, property prices are on the rise, too, and this also means that properties are one of the most sought-after ways to build wealth.
In 2025, 1,594 HDB flats were resold for over $1 million, and it’s likely to be on an uptrend. When it comes to private housing, only the cheapest condos are priced at under $1 million.
Let’s have a look at how much it costs to purchase a home in Singapore.
Note: All figures are in Singapore dollars (SGD).
The salaries of Singapore’s political office holders are known to be high – much higher than the median income of Singaporeans, which stands at $5,775 per month.
A salary framework review was slated to be conducted in late 2023, but was deferred as the government was dealing with other pressing issues, such as an unresolved geopolitical situation and uncertainties in the global economy. However, on 12 January 2026, the government announced it has finally convened an independent committee, chaired by Mr Gan Seow Kee, to carry out this review.
In the latest review in 2017, an independent committee concluded that the framework was still relevant and sound, and recommended increasing annual salaries to match benchmark movements. However, the government decided not to make any changes at that time. As a result, the current salary structure has remained unchanged since 2012.
Will we see a salary adjustment this time? The committee will submit its report to the government when ready, but for now, let’s look at the current salaries of Singapore’s president, prime minister, ministers, and members of parliament.
Note: All figures are in Singapore dollars (SGD).
In Singapore, HDB flats are public housing. They are meant to be affordable and for the masses since 77.2% of Singapore residents live in HDB (Housing & Development Board) flats.
The average cost of housing has been increasing (and thus is one of the good asset classes that generate wealth). Are properties as affordable now as they were intended to be?
The first ever transaction of an HDB flat being sold for at least $1 million was in 2012. Since then, records have been continuously broken.
In this report, we look at trends and statistics on million-dollar HDB resale flats in Singapore, including how many were transacted in 2025 and over the past years, locations of these homes, the types of flats (4-room, 5-room, etc) sold, and more.
We have previously written about the average income/salary in Singapore, breaking it down by age, sex, education, occupation, and industry.
Given the recent months’ inflation and rising cost of living pressures on both single and dual-income households, we will explore household income, its significance, as well as the average and median household income in Singapore.
Moreover, since income is arguably the most vital element in financial planning — and protecting it through insurance is equally important — we investigate income trends over the years and the income distribution in Singapore.
So, if you wish to compare your household income with others, you should read on!
All figures are in Singapore dollars unless otherwise specified. An exchange rate of US$1 to S$1.30 was used for conversions.