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Prices of completed condos in Non-Central Region dip 0.2% in July

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Prices of completed non-landed private homes in Singapore were flat in July 2015 over June, according to the National University of Singapore (NUS) flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Friday.

PRICES of completed non-landed private homes in Singapore were flat in July 2015 over June, according to the National University of Singapore (NUS) flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Friday.

This is after the index dipped 0.1 per cent month on month in June, based on the revised index value for that month.

The sub-index for Central Region (excluding small units of up to 506 square feet) rose 0.2 per cent month on month in July, a smaller increase compared with the 0.6 per cent gain in June.

Central Region is defined as Districts 1-4 (including the financial district and Sentosa Cove) and the traditional prime Districts 9, 10 and 11 by the university's Institute of Real Estate Studies (IRES), which created the SRPI series tracking prices of completed private apartments and condos.

The sub-index for Non-Central Region (again excluding small units) dipped 0.2 per cent last month, following a drop of 0.7 per cent in June.

Islandwide prices of small apartments and condo units (up to 506 square feet) went up 0.3 per cent in July, after retreating 0.9 per cent in June.