Overall SRPI index up 0.6% year-to-date: NUS

[SINGAPORE] Prices of completed non-landed private homes have risen at a slower pace year-to-date up to November than they did for the whole of last year, latest figures from the National University of Singapore (NUS) show.

Based on the flash estimate for November released yesterday, the Overall Singapore Residential Price Index (SRPI) has inched up 0.6 per cent since December 2012 - a smaller rate of increase compared with 4.2 per cent for full-year 2012, 8.7 per cent in 2011 and 11.7 per cent in 2010.

The SRPI series, which tracks prices of completed private apartments and condos (excluding executive condos), is compiled by the university's Institute of Real Estate Studies (Ires).