Singapore private homes resale prices inched up in April
May 31, 2016
Resale prices of private homes in Singapore rose on average 0.3% in April from a month ago, according to flash estimates from the Singapore Residential Price Index (SRPI) compiled by the National University of Singapore's Institute of Real Estate Studies.
Prices of homes in the central region, excluding small units went up 0.4% from the previous month. In the non-central region, prices of homes excluding small units, climbed 0.2 % month on month during April. Prices of small units, which have a floor area of 506sqf or below, inched up 0.2% in April compared to the previous month.
The SPRI is is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore. The index slid 1.1% on month-on-month basis in March.