Resale home prices drop 0.6% in August

Prices of completed non-landed private homes in Singapore fell 0.6 percent in August 2015 after dropping 0.2 percent in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, apartment prices in the central region fell 0.7 percent last month compared to the 0.3 percent rise in July.

In the non-central region, prices dipped 0.5 percent, lower than the previous 0.7 percent drop.

For small units measuring 506 square feet or below, prices remained unchanged after rising 0.5 percent previously.

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

[caption id="attachment_108888" align="alignnone" width="551"]

NUS Singapore Residential Price Index (Aug)

Source: NUS Institute of Real Estate Studies.[/caption]

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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