Prices of completed non-landed private homes in Singapore continued to rise in May at 0.2 percent, following a revised 0.3 percent hike during the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).
Excluding small units, home prices in the central region rose 0.4 percent in May, down from April’s 1.5 percent increase.
Prices in the non-central region held flat, after witnessing a 0.4 percent decline in the previous month.
Meanwhile, prices of small units measuring 506 sq ft or below climbed 0.4 percent in May, reversing the 0.3 percent drop registered in April.
The central region sub-basket comprises properties in postal districts 1 to 4 as well as 9 to 11, while properties found in the other postal districts fall under the non-central region sub-basket.
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Fiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email fiona@propertyguru.com.sg
