Prices of completed condos in Singapore edge up 0.1% in September

SHOWING signs of stabilisation, the prices of completed condominiums in Singapore inched up 0.1 per cent in September from the previous month, the National University of Singapore's flash estimates for its Singapore Residential Price Index released on Wednesday showed.

This follows a 0.7 per cent month-on-month drop in August based on the revised index value for that month.

Small units of up to 506 square feet as well as units in the non-Central Region excluding small units showed resilience, posting a 0.4 per cent and 0.3 per cent rise in prices respectively last month.

But the prices of completed units in the Central Region, defined as Districts 1 to 4 (including the financial district and Sentosa Cove), and the traditional prime Districts 9, 10 and 11 marked a 0.4 per cent drop last month.