Resale prices of private residential properties declined slightly in November, according to the index compiled by the Institute of Real Estate Studies at National University of Singapore (NUS).
Based on the flash estimates for the Singapore Residential Price Index (SRPI), resale prices across the city-state dipped by 0.3 percent last month as compared to October.
Excluding small units, resale prices in the central region receded by 0.5 percent, while those in the non-central region were unchanged on a monthly basis. The former comprises Districts 1 to 4 and 9 to 11, while the latter consists of other postal districts.
As for small units with a maximum size of 506 sq ft, resale prices of such properties throughout Singapore fell by 1.9 percent month-on-month.
The flash estimates for the index was bases based on transactions tallied as of 19 December.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
Source: PropertyGuru (31 Dec 2014)