Prices of completed apartments in the central region, which includes Orchard Road, have been rising in recent months.
Prices of completed non-landed private homes across Singapore inched up by 0.2 percent in July compared to a 0.7 percent rise in the previous month, flash estimates of the NUS Singapore Residential Price Index (SRPI) showed.
Excluding small units, prices in the central region increased by 0.7 percent on a monthly basis, after recording a 0.9 percent gain in June. On the other hand, prices in the non-central region dipped by 0.2 percent despite an uptick of 0.6 percent previously.
The central region sub-basket comprises properties located in districts 1 to 4 and 9 to 11, while properties in the other districts fall under the non-central region sub-basket.
Meanwhile, prices of small units measuring 506 sq ft or below were unchanged in July, following a 0.4 percent rise in the month before.