Non-landed private home prices continue to fall

Prices of completed non-landed residential properties across the island fell 1.6 percent in January 2015, extending the previous 1.0 percent decline seen last December, revealed latest flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, the central region recorded the biggest drop of 1.9 percent, after decreasing 1.6 percent in the month before.

Over in the non-central region, prices dipped 1.4 percent after decreasing 0.5 percent in December 2014.

As for small units, prices slipped 0.6 percent after climbing 0.5 percent previously.

The NUS price index for the central region looks at properties located in districts 1 to 4 and 9 to 11. Properties outside these districts fall under the non-central region.

NUS Singapore Residential Price Index

Source: NUS Institute of Real Estate Studies.

Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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