Wednesday, August 01, 2012

Prices of small units slipped 1.4%: NUS index

Prices of completed small apartments measuring up to 506 sq ft declined 1.4 percent in June, according to the National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI).

Based on flash estimates, the sub-index for units in the Central Region (excluding small units) also slipped 0.9 percent from the previous month. The area comprises Districts 1 to 4 including Sentosa Cove and the financial district, as well as traditional prime districts 9, 10 and 11.

On the other hand, home prices in the Non-Central Region rose 1.7 percent month-on-month in June.

Overall, the SRPI was flat in June compared to the previous month which saw a 1.4 percent month-on-month increase.

The SRPI tracks prices of completed condos and apartments.

View the original article here

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