Resale condo prices down in March

Romesh NavaratnarajahApril 28, 2016

Luxury apartments resize

Private condo resale prices fell by 1.0% last month.

Prices of completed non-landed private homes in Singapore fell by one percent in March 2016, after rising by 0.5 percent in the month before, revealed latest flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, prices in the central region dipped by 0.5 percent, after rising by 0.7 percent in February. In the non-central region, prices fell by 1.4 percent, compared to the previous 0.4 percent gain.

The central region sub-basket refers to properties located in districts 1 to 4 and 9 to 11, while properties located in the other postal districts fall within the non-central region sub-basket.

Meanwhile, prices of small units with a floor area of 506 sq ft or below fell by one percent, after declining by the same margin in February.

 

NUS Singapore Residential Price Index (March 2016)

Source: NUS Institute of Real Estate Studies

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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