Singapore Private Homes Resale Prices Climbs in June- Index
August 29, 2016
Prices of non-landed private apartments in Singapore climbed up overall 0.2% in July month on month, following the 0.6% gain in June, 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 central region recorded increase in the month.
Prices of homes in the central region, excluding small units, went up 0.2% in June, while down 0.2% in the non-central region. Prices of small units, which have a floor area of 506sqf or below, declined unchanged during the month of July when compared with June.
Prices of homes in the central region, excluding small units, went up 0.7% in June 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.
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