Prices of non-landed private homes continued to drop in February 2015, but the overall pace of decline has slowed compared to the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).
Across the island, prices dipped 0.3 percent last month after registering a 0.9 percent fall in January.
Excluding small units, prices in the central region slipped further by 0.7 percent – less than the 1.2 percent decrease at the start of 2015. But the non-central region has seen no price change since January.
As for small units, prices went down 0.2 percent in February after rising 0.2 percent in the month before.
The NUS price index for the central region looks at properties located in districts 1 to 4 and 9 to 11. Properties outside these districts fall under the non-central region.
Source: NUS Institute of Real Estate Studies
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
