Resale prices of non-landed private homes in Singapore fell by 0.5 percent in February, continuing the revised 0.2 percent decline registered in January, revealed latest flash estimates of the NUS Singapore Residential Price Index (SRPI).
Excluding small units, prices declined by 1.5 percent in the central region, which is steeper compared to the 0.4 percent drop seen in January.
Prices in the non-central region, however, rose 0.2 percent, reversing the 0.1 percent fall in January.
The central region sub-basket includes properties located in districts 1 to 4 and 9 to 11, while properties found in other districts fall under the non-central region sub-basket.
Meanwhile, small units measuring 506 sq ft and below saw prices slip 0.2 percent, an improvement from the 0.7 percent drop recorded in January.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email firstname.lastname@example.org