Resale private home prices unchanged in August: SPRI

Resale prices of private homes in Singapore remained largely unchanged in August, according to Singapore Residential Price Index (SRPI) flash estimates released on Monday.

Compiled by the National University of Singapore (NUS)’s Institute of Real Estate Studies (IRES), the SRPI showed that overall prices remained flat in August from the previous month, following the revised 0.1 percent increase posted in July.

Prices of homes in the Central region, excluding small units, remained unchanged in August, while home prices in the non-Central region, also excluding small units, rose 0.1 percent.

Prices of small units, or those with floor areas of up to 506 sq ft, climbed 0.1 percent in August from the month earlier.

The Central region sub-basket covers properties located in districts 1 to 4 and 9 to 11, while the non-Central region sub-basket includes properties located in remaining districts.

NUS-Singapore-Residential-Price-Index-SRPI2

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