Home price growth accelerates in Aug: SRPI

Keshia Faculin29 Sep 2017

Singapore housing, part and parcel of what is uniquely Singapore (Photo: Google Maps)

Overall prices of non-landed private homes here rose 0.9 percent in August on a monthly basis, surpassing the 0.6 percent gain in July, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, prices in the central region increased by 1.0 percent, an improvement from the 0.1 percent marginal uptick in the previous month. On the other hand, the non-central region gained 0.9 percent, down from the 1.1 percent growth in July.

The central region sub-basket comprises properties situated in postal districts 1 to 4 and 9 to 11, while non-landed private homes located in the other postal districts fall under the non-central region sub-basket.

Meanwhile, prices for small units measuring 506 sq ft or below edged up by 0.3 percent in August, reversing the 0.6 percent drop in the preceding month.

The latest statistics represent transactions received as of 20 September 2017.


This article was edited by Keshia Faculin.

Alex Goh
Sep 29, 2017
This is a good time buy property.

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