Resale condo prices up 0.2% in March

Romesh Navaratnarajah29 Apr 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

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 How come this NUS index is so different from SRX's report?

You may also like these articles

7 questions about property auctions

Real estate auctions in Singapore have made news headlines in recent months as many sellers look for alternative ways to dispose their property while buyers look for good deals at low prices. We posed

Continue Reading28 Apr 2015

Bishan flat sold for over $1 million

An executive maisonette in Bishan was sold for $1.05 million this month amid the falling resale flat price index, revealed online data from the HDB and reported in the media. Located in Block 192 a

Continue Reading28 Apr 2015

Tampines site draws 12 bids

The tender for a 168,567 sq ft residential site at Tampines Avenue 10 (Parcel D) closed on Tuesday, 28 April after attracting 12 bids, revealed the Urban Redevelopment Authority (URA). Chinese deve

Continue Reading29 Apr 2015