Completed condo prices up 0.5% in July, NUS index

29 Aug 2017

Singapore residential area


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.

SEE ALSO: Get the Guru View: No one’s home

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.


You may also like these articles

Property market upturn on the horizon

 There’s mounting confidence that Singapore’s real estate market is about to recover from its four-year slump, reported Bloomberg.According to the latest data from the Urban Redevelopment Aut

Continue Reading23 Aug 2017

Is the property market at a turning point?

Property seekers were keen to find out more about the Kingsford Waterbay project in Upper Serangoon.A recent seminar by PropertyGuru addressed the current state of the residential market, and what buy

Continue Reading24 Aug 2017

Upgraders dominate the housing market, says Wing Tai

 A “strange phenomenon” has occurred in the housing market, in which home upgraders dominated the market, while foreign buying and speculative investment remains suppressed, reported the Stra

Continue Reading25 Aug 2017