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 is $5,775 per month.
For the first time in 15 years, those salaries are changing. On 8 September 2026, the government accepted the recommendations of an independent review committee chaired by Mr Gan Seow Kee. The changes take effect on 15 October 2026.
Here is the part that is easy to get wrong. The benchmark salary of an entry-level minister has been updated from $1.1 million to $1.8 million a year, and every other grade is pegged to it. But sitting office holders are not moving to that benchmark in one step. They receive a one-off increase of up to 9 per cent first, and move towards the new benchmark only gradually over time.
The current framework has stayed the same since 2012, when it was first put in place (backdated to 2011). A 2017 review recommended raising salaries in line with the benchmark, but the government of the day chose not to. A further review was held back in 2023. The committee behind the latest changes was convened in December 2025 and submitted its report in April 2026.
Let’s look at what each office holder earns now, and what they will earn from 15 October 2026.
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.
This time we are looking at the household as a whole. With inflation and the cost of living squeezing both single and dual-income households, the household figure is usually the one that tells you where you actually stand.
Income is the foundation of most financial plans, and protecting it matters just as much as growing it. So below, we cover the latest median and average figures, how income has moved over the years, and how it is spread across households.
If you want to see where your household sits, read on.
All figures are in Singapore dollars unless otherwise specified. An exchange rate of US$1 to S$1.30 (as of early 2026) was used for conversions.