Prices of Private Apartment in Singapore Unchanged in December, Index

Prices of non-landed private apartments in Singapore were overall unchanged in December, ending four months decline, flash estimates from the NUS Singapore Residential Price Index (SRPI) showed. Resale prices of completed private homes in central region's slight retreat was offset by the increase in non-central region.

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.

Prices of non-landed private apartments were overall unchanged in the month of December, following a 0.8% retreat in November. 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.

- APMR News