Resale condo prices dipped 0.6% in October

Romesh Navaratnarajah29 Nov 2018

property market singapore

The biggest month-on-month price drop of 0.9 percent was registered by condos in the non-central region.

Prices of completed non-landed private homes across Singapore declined by 0.6 percent month-on-month in October 2018 following a 0.2 percent dip in the revised reading for September, according to flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, home prices in the central region dipped by 0.3 percent last month, worse than the 0.1 percent dip recorded in September.

More: Cooling Measures Dampened Buying Sentiment In Q3: Report

But the highest month-on-month drop of 0.9 percent was registered by condos in the non-central region, excluding units with an area of 506 sq ft or below, following a 0.3 percent drop a month ago.

On the other hand, prices of the aforementioned small units edged up by 0.3 percent, reversing the 0.3 percent decline in September.

The central region sub-basket comprises properties found in postal districts 1 to 4 as well as 9 to 11. Properties located in the other postal districts fall under the non-central region sub-basket.

The data took into account deals recorded as of 20 November.

Home buyers looking for Singapore Properties may like to visit our ListingsProject Reviews and Guides.


Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email


You may also like these articles

Private home prices rise at a much slower pace in Q3

The URA's price index rose 0.5% in Q3, compared with the 3.4% increase in the quarter before.Private residential property prices grew at a much slower pace in the third quarter of 2018 as the governme

Continue Reading29 Oct 2018

Property cooling measures averted a 10-15% growth in home prices

National Development Minister Lawrence Wong clarified that the government wants to stabilise the property market so that prices may move broadly in line with income growth.While developers may want a

Continue Reading16 Nov 2018

MAS: Exercise caution in taking up housing loans

Home buyers should remain prudent in their buying decisions on the back of rising interest rates and the upcoming supply of new homes.While the recent curbs had slowed the pace of property price hikes

Continue Reading26 Nov 2018