Prices of completed non-landed private homes down 1.2% m-o-m in Dec: NUS index

PRICES of completed non-landed private homes in Singapore fell 1.2 per cent in December over November, based on flash estimates from the National University of Singapore (NUS) for its Overall Singapore Residential Price Index (SRPI).

The sub-index for Central Region (excluding small units of up to 506 square feet or 47 square metres) fell 1.7 per cent month-on-month in December.

Central Region is defined as districts 1-4, including the financial district and Sentosa Cove, and the traditional prime districts 9, 10 and 11.

The sub-index for Non-Central Region (excluding small units) fell 0.8 per cent last month.

Prices of small apartments and condo units (of up to 506 sq ft) islandwide rose 0.5 per cent.

The revised index values for November also show the Overall SPRI falling 0.4 per cent month-on-month. The Central Region sub-index fell 0.5 per cent while that for the Non-Central Region dipped 0.2 per cent. The small unit index also dropped 2 per cent.