Prices of completed private non-landed residential properties in Singapore are beginning to creep up, rising 0.1 percent in October 2015, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).
According to revised figures, prices across the island rose 0.3 percent in the month before.
The highest increase was seen in the central region, where more expensive properties are generally located. Excluding small units, prices climbed 0.3 percent in October compared to a 0.3 percent decline in the previous month.
Prices in the non-central region (excluding small units) remained unchanged, after increasing 0.6 percent in September.
For small units measuring 506 sq ft and below, prices fell 0.6 percent, slightly lower than the previous 0.7 percent drop.
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.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
