Resale condo prices up 0.2% in March

Romesh NavaratnarajahApril 29, 2015

Singapore condo

Prices of completed non-landed residential properties are beginning to creep up again after four months of decline, revealed the NUS Singapore Residential Price Index (SRPI).

In March 2015, prices of such homes across the island increased 0.2 percent after falling 0.2 percent in the previous month.

Excluding small units, prices in the central region rose 0.1 percent while the non-central region registered a 0.3 percent uptick in the month.

But prices of small units, which have a floor area of 506 sq ft or below, reported a 0.4 percent drop.

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.

 

NUS Singapore Residential Price Index (March)

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

Singscot
Apr 29, 2015
I think you also need to publish the volume of transactions. If transaction volume is very low it wouldn't take many outliers to skew the numbers
Greg Li
Apr 29, 2015
http://srx.com.sg/singapore-property-news/6812/resale-price-dipped-volume-up-from-february How come this NUS index is so different from SRX's report?
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