The effects of polymer-cement ratio, antifoamer content and shrinkage-reducing agent content on the air content, setting time, drying shrinkage and strength of high-fluidity polymer-modified mortars using redispersible polymer powder are examined. As a result, the air content of the polymer-modified mortars using redispersible polymer powder tends to decrease nth increasing polymer-cement ratio and antifoamer content. Regardless of the antifoamer content, the setting time of the polymer-modified mortars using redispersible polymer powder tends to delayed with increasing polymer-cement ratio. Irrespective of the antifoamer content, the drying shrinkage of the polymer-modified mortars using redispersible polymer powder tend to decrease with increasing polymer-cement ratio and shrinkage-reducing agent content. Regardless of the antifoamer content, the flexural and tensile strengths of the polymer-modified mortars using redispersible polymer powder tends to increase with increasing polymer-cement ratio, and tend to decrease with increasing shrinkage-reducing agent content. However, the compressive strength of the polymer-modified mortars using redispersible polymer powder decreases with increasing polymer-cement ratio and shrinkage-reducing agent content.