Resale home prices flat in July

Romesh NavaratnarajahAugust 28, 2015

singapore condo

Prices of resale non-landed residential properties in Singapore remained flat in July 2015 from the previous month, revealed flash estimates from the NUS Singapore Residential Price Index (SRPI).

Excluding small units, private home prices in the central region rose 0.2 percent in the month, less than the 0.6 percent increase in June.

In the non-central region, prices dipped 0.2 percent, less than the 0.7 percent dip in the month before.

For small units, which have a floor area of 506 sq ft or below, prices grew 0.3 percent in July, up from a 0.9 percent decline in the previous 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 (July)

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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