Non-Landed Home Prices Down 0.6%

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By Kim Wong / 4 years ago

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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.