Prices of completed non-landed private homes slip 0.6% in May

PRICES of completed non-landed private homes in Singapore fell 0.6 per cent in May from April, according to flash estimates from the National University of Singapore for its overall Singapore Residential Price Index.

The fall was biggest among shoebox units of 506 square feet or below that saw a 1.3 per cent drop in prices.

Excluding small units, non-landed private homes in the central region slipped one per cent in May from a month ago.

According to caveats lodged, 430 non-landed private homes were transacted in May, of which only 15 were shoebox units.