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Prices of completed apartments and condos up 0.2% in March: NUS index

Tuesday, April 28, 2015 - 12:56
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Prices of completed non-landed private homes in Singapore rose 0.2 per cent in March over February, according to the National University of Singapore (NUS) flash estimate released on Tuesday.

PRICES of completed non-landed private homes in Singapore rose 0.2 per cent in March over February, according to the National University of Singapore (NUS) flash estimate released on Tuesday.

The sub-index for Central Region (excluding small units of up to 506 square feet or 47 square metres) rose 0.1 per cent in March.

Central Region is defined by the university's Institute of Real Estate Studies (IRES) as districts 1-4, including the financial district and Sentosa Cove, plus the traditional prime districts 9, 10 and 11.

The sub-index for Non-Central Region (again excluding small units) rose 0.3 per cent in March.

Islandwide prices of small apartment and condo units eased 0.4 per cent, however.

IRES also published the revised index values for February, which showed overall prices falling 0.2 per cent from January, a gentler decline than the 0.3 per cent drop it earlier estimated.