View of completed apartment buildings in Singapore.
Prices of completed condominiums and apartments in Singapore rose by 0.3 percent in April 2016, after falling by 1.1 percent in the previous month, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI).
The biggest increase was seen in the central region. Excluding small units, prices rose by 0.4 percent, compared to the 0.8 percent drop in March. The region comprises districts 1 to 4, including Sentosa Cove and the financial district, as well as the traditional prime districts of 9, 10 and 11.
In the non-central region, prices grew by 0.2 percent following a 1.3 percent decline in the month before.
Prices of small units measuring 506 sq ft or below increased by 0.2 percent, after falling by 0.1 percent previously.
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
