You are here

Completed shoebox units lead price falls this year

NUS's Nov flash estimate for price index for completed small units is down 4.4% from Dec; mounting completions expected to put stress on rents, prices

BT_20141230_KRINDEX30_1432452.jpg
The stock of completed shoebox units (50 sq m or smaller) would increase from about 2,400 units as at end-2011 to around 11,000 units by the end of 2015, according to a 2012 URA circular.

SO far this year, prices of small units have fared the worst of the four segments of completed non-landed private homes covered by the National University of Singapore's Singapore Residential Price Index (SRPI) series.

Flash estimates for November released on Monday show that the SRPI for

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom