Prices of completed non-landed private homes dipped 0.6 percent in November 2015 compared to a 0.1 percent increase in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).
Excluding small units, prices in the central region fell 0.8 percent last month after rising 0.5 percent in October. In the non-central region, prices dropped 0.4 percent, slightly more than the 0.3 percent decline in the month before.
Prices of small units measuring 506 sq ft and below saw the biggest fall of 1.2 percent, higher than the 0.4 percent decrease in October.
The central region sub-basket comprises properties located in districts 1 to 4 and 9 to 11. Properties located in other districts fall within the non-central region sub-basket.
Source: NUS Institute of Real Estate Studies.
Prices of resale private homes in Singapore dropped in September, according to Singapore Residential Price Index (SRPI) flash estimates released on Tuesday.
Compiled by the National University of Singapore (NUS)’s Institute of Real Estate Studies, the SRPI showed overall prices slid 0.7 percent in September from the preceding month. This is a reversal from the revised 0.2 percent increase posted in August.
Home prices in the central region, excluding small units, dropped 0.9 percent, while prices of homes in the non-central region, also excluding small units, declined 0.6 percent.
However, prices of small units, or those with floor areas of up to 506 sq ft marginally increased by 0.4 percent in September.
The Central region sub-basket includes properties located in districts 1 to 4 and 9, 10 and 11, while the non-Central region sub-basket covers properties located in the remaining districts.