Resale condo prices in central region up the most in July

Prices of completed apartments in the central region, which includes Orchard Road, have been rising in recent months.

Prices of completed non-landed private homes across Singapore inched up by 0.2 percent in July compared to a 0.7 percent rise in the previous month, flash estimates of the NUS Singapore Residential Price Index (SRPI) showed.

Excluding small units, prices in the central region increased by 0.7 percent on a monthly basis, after recording a 0.9 percent gain in June. On the other hand, prices in the non-central region dipped by 0.2 percent despite an uptick of 0.6 percent previously.

The central region sub-basket comprises properties located in districts 1 to 4 and 9 to 11, while properties in the other districts fall under the non-central region sub-basket.

Meanwhile, prices of small units measuring 506 sq ft or below were unchanged in July, following a 0.4 percent rise in the month before.

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