Completed condo price falls slow

PropertyGuru

28 January 2016 at 2:24 am

Prices of completed non-landed residential properties in Singapore fell by 0.4 percent in December 2015 after dropping by 0.7 percent in the month before, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, the central region saw prices decline by 0.6 percent last month, compared to the 0.9 percent decrease in November. In the non-central region, prices fell by 0.2 percent, lower than the previous 0.4 percent drop.

The central region comprises the postal districts 1 to 4 and 9 to 11, while the non-central region covers the other postal districts.

Meanwhile, prices of small units up to 506 sq ft remain unchanged after falling by 1.3 percent in November.

[caption id="attachment_116189" align="alignnone" width="674"]

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

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

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