Resale prices of completed non-landed private homes in Singapore dropped 0.3 percent in July compared to June, revealed the latest flash estimates of the National University of Singapore (NUS)’s Overall Singapore Residential Price Index (SRPI).
Notably, a revised 0.5 percent decline was posted in June.
Prices of small condo and apartment units (up to 506 sq ft) fell 0.8 percent in July compared to June’s 0.7 percent drop.
Home prices in the Central Region, excluding small units, dipped 0.7 percent in July after falling 0.8 percent last month.
However, prices of homes in the Non-Central Region, excluding small units, inched up 0.1 percent in July after easing 0.2 percent in June.
The Central Region sub-basket refers to properties located in districts 1 to 4 and the traditional prime districts 9 to 11, while properties found in other postal districts are in the Non-Central Region sub-basket.
Image by: Muneerah Bee
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
Source: PropertyGuru (29 Aug 2014)