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Prices of completed apartments, condos in Singapore down 0.1% in April: NUS index

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Artist's impression of Pollen & Bleu in the Farrer Road precinct, a condo project by Singapore Land. Prices of completed non-landed private homes in Singapore fell 0.1 per cent in April over March, according to the National University of Singapore (NUS) flash estimate released on Thursday.

PRICES of completed non-landed private homes in Singapore fell 0.1 per cent in April over March, according to the National University of Singapore (NUS) flash estimate released on Thursday.

The sub-index for Central Region (excluding small units of up to 506 square feet) fell 0.1 per cent in April.

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) was flat in April.

Islandwide prices of small apartment and condo units rose 0.4 per cent.

IRES also published the revised index values for March, which showed overall prices rising 0.3 per cent from February, a steeper incline than the 0.2 per cent increase earlier estimated.

sentifi.com

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