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Private condo prices crumble 0.6% in August: NUS index
This is after gaining momentum of 0.3% in the last month.
The city-state housing market is continually facing headwinds as prices of private apartments and condominiums contract 0.6% in August.
According to National University of Singapore's August 2016 flash estimate of Overall Singapore Residential Price Index (SRPI), the price contraction this month is in contrast from the 0.3% gain in July.
The figures show that the contraction is reflected across non-central and small units.
Price index for non-central units declined 0.9%, further deepening the 0.1% dip in July.
Meanwhile, after a flat growth in the previous month, index for small units inched down to 0.1%.
Central unit price index, while did not nosedive to the red, became flat in August, falling from 0.6% increase in the previous month.
SRPI is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore.
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