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Prices of completed private apartments, condos flat in October: NUS index

Monday, November 28, 2016 - 12:47

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Prices of completed private apartments and condos were flat in October compared to September 2016.

PRICES of completed private apartments and condos were flat in October compared to September 2016.

This is according to the National University of Singapore's (NUS) latest flash estimates for its Overall Singapore Residential Price Index (SRPI) released on Monday.

This follows a 0.5 per cent month-on-month (m-o-m) decrease in the index in September, based on the revised index value for that month.

The sub-index for Central Region (excluding small units) rose 0.2 per cent m-o-m in October, contrasting with a 1.2 per cent drop in September.

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Central Region is defined as Districts 1-4 (including the financial district and Sentosa Cove) and the traditional prime residential districts of 9, 10 and 11 by the NUS's Institute of Real Estate Studies, which minted the SRPI series tracking prices of completed non-landed private homes.

In Non-Central Region (again excluding small units), prices fell 0.3 per cent in October, after rising 0.1 per cent in September.

NUS's sub-index for small units of up to 506 square feet islandwide also rose 0.1 per cent last month, after slipping 1.5 per cent in September.

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