Price Index of Private Apartments in Singapore Unchanged in January

Index tracking prices of non-landed private apartments in Singapore were overall unchanged in January, as resale prices of completed private homes in central region's slight increase offset by the drop of those in the non-central region, flash estimates from the NUS Singapore Residential Price Index (SRPI) showed.

Prices of homes in the central region, excluding small units, climbed 0.7% in January from December, while those in the non-central region dropped 0.6%. Prices of small units, which have a floor area of 506sqf or below, increased 0.1% during the month of January when compared with a month ago.

Prices of homes in the central region, excluding small units, went down 0.6% in December, while those in the non-central region climbed 0.4%. Prices of small units, which have a floor area of 506sqf or below, slid 0.2% during the month when compared with a month ago.

Singapore Residential Price Index (SRPI) is compiled by the National University of Singapore's(NUS) Institute of Real Estate Studies. It is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore. A small unit has floor area of 506 square feet or below.

- APMR News