Property Valuation in Singapore: Key Factors Impacting Home Value | Homejourney Guide
Property valuation in Singapore is determined by a complex interplay of location, property characteristics, market trends, and regulatory frameworks. Understanding these factors is vital for buyers and investors seeking to make informed, safe, and confident decisions—a philosophy at the heart of Homejourney’s trusted approach.
What Determines Property Valuation in Singapore?
Property valuation is the process of determining the current market value of a property based on objective data and prevailing market conditions. In Singapore, valuation is influenced by:
- Location and proximity to MRT stations, schools, and amenities
- Property type, age, and condition
- Recent transaction prices of similar properties
- Government regulations and market cooling measures
- Economic indicators such as GDP growth and employment rates
These factors help ensure that Homejourney users receive accurate, verified values—empowering safer and more transparent transactions. For a comprehensive overview of property buying in Singapore, see our main guide: Property Valuation in Singapore: Key Factors Impacting Home Value | Homejourney ...
Key Factors Impacting Home Value in 2025
1. Location and Accessibility
Location remains the most significant driver of property value. Properties near MRT stations, reputable schools, and shopping districts command higher prices. The Urban Redevelopment Authority’s (URA) zoning and future development plans can also impact long-term appreciation potential. Emerging locations with upcoming infrastructure—such as new MRT lines or business hubs—often see higher valuation growth over time[2][1].
2. Property Attributes: Age, Size, and Condition
Newer properties or those with recent renovations typically fetch higher valuations than ageing units. Larger land area and built-up space increase absolute value, while smaller units may offer higher per-square-foot pricing. Homejourney recommends regular property maintenance—including aircon servicing (Aircon Services )—to protect your asset’s value[2].
3. Market Data and Comparable Transactions
Valuers rely on recent transactions of comparable properties in the same area as benchmarks. In 2025, the Property Price Index (PPI) is projected to grow by 1–4%, with private property prices expected to rise 3–4% according to CBRE and Savills[3][5]. Homejourney’s projects directory (Projects Directory ) provides up-to-date data on recent sales, helping users benchmark valuations with confidence.
4. Regulatory Environment and Government Measures
Singapore’s government regulations—such as the Additional Buyer’s Stamp Duty (ABSD), Loan-to-Value (LTV) limits, and cooling measures—directly affect both demand and valuations. The current 60% ABSD for foreigners continues to limit foreign investment, particularly in luxury districts[1][3]. Regulatory stability and transparency are cornerstones of Singapore’s property market, reinforcing Homejourney’s commitment to user safety and verified information.
5. Economic Fundamentals and Market Sentiment
Strong economic growth (projected GDP growth of 2.8% in 2025) and low unemployment (around 2.6%) underpin market confidence[3][6]. Rising household incomes and robust demand from HDB upgraders provide resilience, while global uncertainties and interest rate movements may influence short-term sentiment. Homejourney’s experts monitor these trends to keep users informed and prepared.
6. Sustainability and Smart Home Features
Properties with eco-friendly features, smart home technology, and green certifications are increasingly sought after, especially among younger buyers. These features not only enhance liveability but also improve long-term resale value[1][4].
Actionable Investment Tips: Maximising Home Value
- Research location trends: Use Homejourney’s Projects Directory to compare price movements in different districts.
- Maintain and upgrade: Regular maintenance, such as aircon servicing (Aircon Services ), keeps your property attractive and preserves its value.
- Monitor market data: Stay updated with recent transactions and rental yields using our Projects and How to Assess Rental Yields and Resale Value in 2026 | Homejourney Trusted Guide .
- Understand financing options: Compare mortgage rates and loan eligibility at Bank Rates to optimise affordability and investment returns.
- Plan for long-term value: Prioritise properties in growth corridors, near planned amenities or transport expansions, for better appreciation potential.
- Factor in regulations: Be aware of ABSD, LTV, and other policy changes, especially if you are a foreign investor (应对60%额外印花税：2026年新加坡外国买家政策全解与Homejourney安全指南 ).
How Property Valuation Works: A Step-by-Step Guide
- Engage a Licensed Valuer: Only licensed valuers registered with the Inland Revenue Authority of Singapore (IRAS) can provide official valuations.
- Site Inspection: The valuer inspects the property, noting its size, age, condition, and unique features.
- Review Comparable Transactions: Recent sales of similar properties in the area are analysed to establish a fair market value.
- Report Issuance: The valuer provides a detailed report, which is used by banks and buyers for financing and transaction purposes.
For buyers, understanding these steps—and having access to trusted, verified valuation data on Homejourney—ensures safer, more transparent property decisions.
Singapore Market Outlook: 2025 and Beyond
Singapore’s property market is forecast to remain stable in 2025, with moderate price growth (1–4%) and sustained demand from local upgraders and investors. Regulatory measures will continue to prioritise affordability and long-term stability over speculative gains[1][3][5].
Younger buyers are driving demand for sustainable, smart homes, while foreign investment is likely to stay muted due to high ABSD. For a deeper dive into investment trends and future projections, see our related guide: How to Assess Rental Yields and Resale Value in 2026 | Homejourney Trusted Guide .
Frequently Asked Questions (FAQ)
What are the most important factors in Singapore property valuation?
Location, property attributes (age, size, condition), recent comparable transactions, and regulatory measures are the key determinants. Market sentiment and broader economic trends also play a role[2][3].
How can I get an accurate property valuation in Singapore?
Engage a licensed valuer registered with IRAS for an official valuation. For a quick estimate, use Homejourney’s verified data tools (Projects Directory ) and consult recent transactions of similar properties.
How do government policies affect my home’s value?
Measures such as ABSD, LTV limits, and cooling regulations influence demand, transaction volume, and price trends. Stay informed with Homejourney’s policy updates and expert analysis (新加坡房产市场政策解读：2025最新趋势与Homejourney安全承诺 ).
What can I do to maximise my property’s value?
Invest in regular maintenance (especially aircon servicing), keep the property upgraded, and monitor market trends. Choose locations with growth potential, and consider green or smart home enhancements for higher resale appeal.
Where can I find recent market data or compare projects?
Use Homejourney’s Projects Directory for the latest transaction data, and explore our Property Search to discover properties matching your investment goals.
Take the Next Step with Homejourney
Understanding property valuation is essential for safe and successful investments in Singapore. Homejourney’s commitment to verified information, user safety, and transparent service ensures you can buy, sell, and invest with confidence. For a comprehensive guide to buying property in Singapore—including regulations, market analysis, and investment strategies—visit our main pillar content: Property Valuation in Singapore: Key Factors Impacting Home Value | Homejourney ... .
References
Disclaimer
The information provided in this article is for general reference only. For accurate and official information, please visit HDB's official website or consult professional advice from lawyers, real estate agents, bankers, and other relevant professional consultants.
Homejourney is not liable for any damages, losses, or consequences that may result from the use of this information. We are simply sharing information to the best of our knowledge, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information contained herein.