Prices of completed condominiums and apartments in Singapore continued to grow in July at 0.5 percent, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI).
However, the uptick is a bit slower compared to the 0.9 percent increase registered in June.
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Excluding small units, home prices in the central region held flat in July, after expanding by 1.1 percent during the previous month. Prices in the non-central region climbed one percent, up from the 0.7 percent hike registered in June.
The central region sub-basket comprises properties located in postal districts 1 to 4 as well as 9 to 11, while properties in the other postal districts fall under the non-central region sub-basket.
Meanwhile, prices of small units measuring 506 sq ft or below fell 0.8 percent, reversing the 0.6 percent increase posted in June.
This article was edited by Denise Djong.
