Prices of completed non-landed private homes rose 0.9 percent in March after a 1.2 percent decline in February, according to the NUS Singapore Residential Price Index (SRPI).
The uptrend was primarily due to the 2.2 percent increase in the sub-index for the Central Region last month. This area comprises districts 1 to 4 including the financial district and Sentosa Cove, as well as traditional prime residential districts 9, 10 and 11.
The index tracks month-on-month changes in the price of private non-landed residential properties in Singapore.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg
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