Completed condo prices up 0.6% in June: NUS index

Romesh NavaratnarajahJuly 29, 2016

Completed condo units

View of completed apartment buildings in Singapore.

Prices of resale non-landed private homes across the island rose slightly by 0.6 percent in June, after falling by 0.9 percent in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, prices in the central region increased by 0.7 percent last month, compared to a 0.6 percent decline in May. In the non-central region, prices grew by 0.4 percent, a reversal from the previous month’s 1.0 percent fall.

Meanwhile, prices of small units measuring 506 sq ft or below rose the least by 0.2 percent, after dropping by 1.1 percent previously.

The central region sub-basket comprises properties located in districts 1 to 4 and 9 to 11. Properties in the other districts fall under the non-central region sub-basket.

 

NUS Singapore Residential Price Index (June 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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