Ensuring affordable public housing and sufficient housing supply are important in supporting Singaporeans’ aspirations to own their homes and set up families. The Resale Price Index (RPI) reflects the matching of the demand and supply of public housing, and helps us to monitor if public housing remains affordable for Singaporeans.
The RPI declined in 2013 and 2014, and remained stable in recent quarters.
More residents are able to own their homes. The home ownership rates have improved over time.