Singapore Commercial Property Market Tracker
The PropKaki Singapore Commercial Property Tracker follows prices, rents, stock and vacancy for Singapore's office and retail markets using official URA quarterly statistics, with stock history back to 1993. It is completely free — no paywall, no account, no locked tier — and every figure on this page states the exact quarter it refers to.
Updated for the URA Q1 2026 release. Next URA quarterly release expected around 24 July 2026; the tracker ingests it automatically within days. Source: Urban Redevelopment Authority via data.gov.sg and SingStat.
The commercial market right now
Readings computed for Q1 2026, judged against their own 20-year range.
Latest quarter-on-quarter change in the URA office price index.
Vacant office space as a share of island-wide stock, private and public sectors.
Latest quarter-on-quarter change in the URA retail price index.
Vacant retail space as a share of island-wide stock, private and public sectors.
Latest quarter at a glance
| Metric | Latest | As of | QoQ | YoY |
|---|---|---|---|---|
| Office price index | 110.9 | Q1 2026 | +0.2% | −1.8% |
| Office rental index | 200.2 | Q1 2026 | −0.2% | −0.2% |
| Office vacancy rate | 10.8% | Q1 2026 | −2.1% | −7.6% |
| Office stock ('000 sqm) | 8,180 | Q1 2026 | +0.1% | −0.5% |
| Retail price index | 103.6 | Q1 2026 | +2.2% | +3.3% |
| Retail rental index | 80.1 | Q1 2026 | −0.6% | +1.8% |
| Retail vacancy rate | 6.3% | Q1 2026 | +0.8% | −6.8% |
| Retail stock ('000 sqm) | 6,425 | Q1 2026 | +0.2% | +0.3% |
How are Singapore office prices and rents moving?
As of Q1 2026, URA's price index for office space stands at 110.9, up 0.2% from the previous quarter and down 1.8% year-on-year, according to PropKaki's Singapore Commercial Property Tracker. The index is based at 100 in Q4 1998 and is compiled from caveats lodged with the Singapore Land Registry.
The office rental index reads 200.2 in Q1 2026, down 0.2% quarter-on-quarter — rents are measured from stamped tenancy agreements, so the index reflects actual contracted rents rather than asking rents.
How much office space is vacant in Singapore?
Singapore's island-wide office vacancy rate is 10.8% as of Q1 2026, according to PropKaki's Singapore Commercial Property Tracker — computed as vacant office floor space divided by available stock across private and public sector buildings (8,180 thousand square metres of stock). The stock and vacancy series reach back to 1993, so today's reading sits in three decades of context.
How are Singapore retail prices and rents moving?
As of Q1 2026, URA's price index for retail space stands at 103.6, up 2.2% from the previous quarter and up 3.3% year-on-year, according to PropKaki's Singapore Commercial Property Tracker.
The retail rental index reads 80.1 in Q1 2026, down 0.6% quarter-on-quarter. Most of Singapore's tracked retail space is concentrated in the Central Region, which is why URA compiles its commercial sub-indices there.
How much retail space is vacant in Singapore?
Singapore's island-wide retail vacancy rate is 6.3% as of Q1 2026, according to PropKaki's Singapore Commercial Property Tracker, with 6,425 thousand square metres of retail space available across private and public sector buildings.
Explore the data
Build your own chart from the tracker's series — office and retail price indices, rental indices, vacancy rates and stock. Compare up to four indicators; the office price index is preloaded.
Indices and percentages plot on the left axis; unit counts on the right. Source: URA via data.gov.sg.
Use this data
The tracker's full time series are available as free JSON, no key required — for example: api.propkaki.sg/api/market/series?vertical=commercial_office&keys=ppi_office,office_vacancy_rate&from=2016Q1 (retail series use vertical=commercial_retail). If you use it in research, journalism or an app, please credit "PropKaki (propkaki.sg)". A machine-readable index of this tracker also lives at propkaki.sg/llms.txt.
Methodology
All underlying figures are official Urban Redevelopment Authority statistics — price indices from caveats lodged with the Singapore Land Registry, rental indices from tenancy agreements stamped with IRAS, and stock and vacancy from URA's quarterly survey of commercial buildings — ingested automatically from data.gov.sg and the Department of Statistics' table service. PropKaki computes the vacancy rates (vacant space divided by available space, private and public sectors combined) and the verdicts, which place each latest reading within that metric's own distribution over the past 20 years: the bottom quartile, middle half, or top quartile. The tracker adds no estimates or forecasts of its own.
One transparency note on coverage: URA's published open-data series for the commercial price and rental indices begin in 2011, although the indices themselves are based at 100 in Q4 1998. The office stock and vacancy series reach back to 1993, while the published retail stock series begins in 2011. Every metric on this page carries its own "as of" quarter — series can lag each other, and you should never have to guess how current a number is.
Frequently asked questions
What is the PropKaki Singapore Commercial Property Tracker?
The PropKaki Singapore Commercial Property Tracker is a free dashboard on propkaki.sg that follows Singapore's office and retail property markets using official Urban Redevelopment Authority statistics. It carries the commercial price and rental indices for office and retail space, island-wide stock and vacancy rates with history from 1993, and price-momentum and vacancy readings judged against their own 20-year range.
Where does the tracker's data come from?
Every underlying figure comes from the Urban Redevelopment Authority (URA), via the official datasets published on data.gov.sg and the Singapore Department of Statistics' table service. Price indices are compiled by URA from caveats lodged with the Singapore Land Registry; rental indices come from stamped tenancy agreements held by IRAS. PropKaki computes the vacancy rates and 20-year-range verdicts from those official figures and adds no estimates of its own.
How often is the tracker updated?
URA publishes its commercial property statistics quarterly, typically on the fourth Friday of January, April, July and October alongside its other real estate statistics. The PropKaki tracker re-ingests the official datasets automatically every week, and every metric on the page displays the quarter it refers to.
What do the office and retail price indices measure?
URA's commercial property price indices track how transacted prices of office and retail space in Singapore change over time, using quarterly indices based at 100 in the fourth quarter of 1998. They are compiled from caveats lodged at the option stage with the Singapore Land Registry, weighted by the value of properties transacted over recent years.
What is the office vacancy rate in Singapore?
The tracker publishes Singapore's island-wide office vacancy rate each quarter, computed as vacant office floor space divided by available office floor space across both private and public sector buildings, using URA's quarterly stock survey. The current rate, stamped with the quarter it refers to, appears in the office vacancy section of this page.
Why do the commercial indices only start in 2011 when the base year is 1998?
URA rebased its commercial price and rental indices at 100 in the fourth quarter of 1998, but the open-data series published on data.gov.sg begins at the first quarter of 2011. The tracker reports the series as published and states this coverage honestly; the stock and vacancy series reach further back, to 1993.
Does the tracker cover shophouses or industrial property?
Shophouses appear within URA's retail statistics only where the space is approved for commercial use; they are not broken out separately on this page. Industrial property — factories, business parks and warehouses — is a separate market tracked by JTC and is covered by the PropKaki Singapore Industrial Property Tracker.
Is the PropKaki Singapore Commercial Property Tracker free?
Yes. The tracker is completely free on propkaki.sg — there is no paywall, no account requirement and no locked deeper tier. PropKaki is operated by Straits Intelligence Pte. Ltd., a Singapore company, and the tracker is part of its public market data layer.
The same engine powers free trackers for private residential, HDB resale, landed and industrial property — see the full tracker family.
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