Property Valuation in Singapore: Key Factors Impacting Home Value | Homejourney Guide

What Affects Property Valuation in Singapore? Homejourney’s Trusted Guide

Property valuation in Singapore is influenced by a combination of market dynamics, location, property attributes, and regulatory factors. Understanding these elements is critical for buyers and investors aiming to make safe, confident decisions. Homejourney prioritizes user safety and trust, ensuring every valuation insight is transparent, data-driven, and tailored to Singapore’s unique real estate landscape.

Property valuation refers to the estimation of a property's current market value based on objective criteria. In Singapore, this process is governed by strict regulations to safeguard both buyers and sellers, reflecting Homejourney’s commitment to a secure and trustworthy marketplace.

How Singapore Property Valuation Works

Professional valuers in Singapore, often accredited by the Singapore Institute of Surveyors and Valuers (SISV), assess home value using a blend of comparative market analysis, income approach, and cost method. The Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) provide transaction data that valuers rely on for accuracy and transparency—principles that Homejourney upholds in every property listing.

Key Factors That Impact Your Home Value in Singapore

• Location: Proximity to MRT stations, reputable schools, business hubs, and shopping amenities can significantly boost home value. Core Central Region (CCR) properties, for example, tend to command higher prices versus suburban (OCR) homes, though the price gap is narrowing due to demand shifts and new launches[2][3].
• Property Type and Tenure: Freehold properties typically carry a premium over leasehold units. Private condominiums, landed homes, and HDB flats each follow distinct pricing trends, with non-landed properties leading recent price growth (up 4.74% year-on-year as of Q1 2025)[4].
• Age and Condition: Newer developments and well-maintained homes attract higher valuations. Renovation quality and recent upgrades can further enhance perceived value, reinforcing Homejourney’s emphasis on verified property condition for user safety.
• Floor Level, View, and Facing: High-floor units with unblocked views, or those facing greenery or water, are valued more highly than lower-floor or inward-facing units.
• Size and Layout: Efficient, functional layouts and larger usable spaces (especially in family-friendly configurations) appeal to buyers, supporting higher valuations.
• Recent Transaction Prices: The most direct benchmark, recent sales of similar properties in the vicinity (comparables), set the baseline for current market value. Homejourney ensures all transaction data is up-to-date and verified against URA and HDB records.
• Supply and Demand Dynamics: Limited supply of new launches, especially in city-fringe and suburban areas, has kept prices firm despite economic fluctuations. As of Q1 2025, private residential prices rose 0.81% quarter-on-quarter and 3.33% year-on-year, with suburban homes leading gains[4].
• Macroeconomic Factors: Interest rates and inflation directly affect affordability. With 2025 seeing stabilizing interest rates (mortgage rates expected around 2-3%), buyers’ loan eligibility and purchasing power are improving, which can support higher home values[1].
• Government Policies and Regulations: Cooling measures (e.g., Additional Buyer’s Stamp Duty, Loan-to-Value limits), HDB resale restrictions, and foreign ownership rules can all impact demand and, by extension, valuation.

Singapore Property Market Statistics (2025 Update)

• HDB resale prices continue to climb, with million-dollar flats becoming more common, boosting upgrader demand in the private market[2].
• Private home prices rose 3-4% in 2025, with non-landed properties outperforming landed homes[4].
• Interest rates are stabilizing, expected to remain at 2-3% over the next few years, enhancing affordability for buyers[1].
• Price gaps between regions are narrowing; CCR properties are now more competitively priced relative to OCR/RCR new launches[2][3].

Actionable Steps: Maximizing and Assessing Your Home Value

1. Research Comparable Transactions: Use Homejourney’s verified transaction database to benchmark your property against recent sales in your area. Focus on attributes such as floor area, tenure, and floor level.
2. Engage a Professional Valuer: For a formal valuation (required for HDB resale and mortgage applications), select a SISV-accredited valuer. Homejourney provides a list of trusted, vetted professionals to ensure fair and accurate assessments.
3. Enhance Property Appeal: Invest in minor renovations, deep cleaning, and repairs to boost perceived value. Highlight unique features (e.g., unblocked views, proximity to amenities) in your Homejourney listing.
4. Monitor Market Trends: Stay updated on interest rate movements, URA price indices, and policy changes via Homejourney’s expert market reports. This helps you time your sale or purchase for optimal value.
5. Verify All Information: Only transact with platforms like Homejourney that strictly verify all property details, ensuring a safe, transparent, and trustworthy experience for all users.

Homejourney’s Commitment: Secure, Transparent Valuations

Homejourney’s platform is built on transparency, rigorous information verification, and a user-first philosophy. Every listing and valuation insight is backed by up-to-date data, expert analysis, and a dedication to user safety—so you can make property decisions with complete confidence.

For a deeper dive into the fundamentals of property valuation, see our main guide:

Frequently Asked Questions: Singapore Property Valuation

• How is my property’s value determined in Singapore?
  Valuers use recent transaction data, property attributes (location, size, age), and market trends. Homejourney ensures all data is verified and current.
• Do renovations increase my home’s valuation?
  Yes, quality renovations and well-maintained interiors can boost your property’s value, especially if they enhance usability or aesthetics.
• Will interest rates affect my home value in 2025?
  Lower interest rates improve affordability and can support higher home values, but supply-demand and regulatory factors also matter[1].
• Are CCR properties still premium-priced?
  The price gap is narrowing, making CCR homes more attractive relative to rising OCR/RCR prices[2][3].