Private non-landed housing prices decline 0.7% in October: NUS SRPI flash estimate

The Singapore Residential Price Index (SRPI) declined 0.7% m-o-m in October, based on flash estimates released on Dec 1 (Picture: Samuel Isaac Chua/The Edge Singapore)

SINGAPORE (EDGEPROP) - The Singapore Residential Price Index (SRPI) declined 0.7% m-o-m in October, based on flash estimates released on Dec 1. This is a reversal from the 0.6% m-o-m growth logged in September.

Read also: Private non-landed housing prices up 0.4% m-o-m in August: NUS SRPI

The SRPI, tracked by the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore (NUS), measures price movements of private non-landed residential properties in Singapore. Specifically, the index tracks a basket of 759 private residential projects that were completed between October 2003 and September 2021.

Prices for properties excluding small units — defined as those with a floor area of 506 sq ft or below — in the Central region saw a decrease of 0.8% m-o-m in October, growing from the 0.4% decline recorded in September. Prices for properties excluding small units in the non-Central areas registered a 0.6% fall m-o-m in October, swinging from a 1.2% increase recorded the month before.

Meanwhile, prices of small units fell 0.6% in October. This follows a 0.8% increase recorded in September.

See Also:

• Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools

• New Launch Condo & Landed Property in Singapore (COMPLETE list & updates)

• Private non-landed housing prices up 0.4% m-o-m in August: NUS SRPI

• Private housing resale prices up 1% m-o-m in July: NUS SRPI

• Private housing resale prices up 1.2% m-o-m in April: NUS SRPI

• En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc

• HDB Resale Flats Up For Sale, Affordable Units Available