Resale home prices down in April

Romesh NavaratnarajahMay 28, 2015

falling home prices

Prices of completed non-landed private homes across the island fell 0.1 percent in April 2015 after rising 0.3 percent in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, residential prices in the central region dropped 0.1 percent last month, but the non-central region saw no change.

At the same time, prices of small units which have a floor area of 506 sq ft or below rose 0.4 percent month-on-month.

The NUS price index for the central region tracks 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 (April)

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

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