Singapore private homes resale prices dips in May
Resale prices for Singapore private homes fell by 0.6 percent month on month in May from the previous month, latest research by Singapore Residential Price Index (SPRI) reveals. The decline is bigger than the revised 0.3 percent drop in April.
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 latest data, compiled by the National University of Singapore's Institute of Real Estate Studies, was released on June 29.
The data also showed that resale prices for private homes located in the central part of Singapore dropped by 1 per cent as compared with the previous month, while private homes outside of the central region saw a price dip of 0.1 per cent month-on-month.
These numbers do not include small units with a floor area of 506 square feet or below. Small units saw a 1.3 percent fall in resale prices, compared to the month before.