Singapore Private Homes Resale Prices Climbs in June- Index
July 28, 2016
Prices of non-landed private apartments in Singapore climbed in June up 0.6% month on month, reversing the 0.9% drop in May, according to flash estimates from the NUS Singapore Residential Price Index (SRPI). Resale prices of completed private homes in all regions recorded increase in the month of June when compared with drop in the month before June.
Prices of homes in the central region, excluding small units, went up 0.7% from the previous month. In the non-central region, prices of homes excluding small units, climbed 0.4% month on month during June. While prices of small units, which have a floor area of 506sqf or below, declined 0.2% during the month of June from May.
During the month of May, prices of homes in the central region, excluding small units, fell 0.5% from the previous month. In the non-central region, prices retreated 1.0% month on month. While prices of small units, which have a floor area of 506sqf or below, declined 1.1% during the month.
Singapore Residential Price Index (SRPI) is compiled by the National University of Singapore's 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. The index climbed 0.3% in April after 1.1% decline in March.