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


You may also like these articles

Coldwell Banker grows to 11 franchisees in Singapore

Coldwell Banker recently signed seven new franchisees in Singapore. American real estate franchise Coldwell Banker recently signed seven new franchisees in Singapore, adding to its existing stable

Continue ReadingJuly 27, 2016

Demand remains for waterfront homes: Keppel Land

Artist's impression of Corals at Keppel Bay. Despite the slow home sales in Sentosa, Keppel Land President Tan Swee Yiow believes that waterfront homes will continue to be sought after as such home

Continue ReadingJuly 28, 2016

SC Global launches enhanced purchase plan for Hilltops condo

View of the upscale Hilltops condominium. Source: SC Global Developments Luxury property developer SC Global Developments has launched an enhanced purchase plan to help move unsold units at its Hil

Continue ReadingJuly 29, 2016