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Small completed apartments worst price performer in 2015

Price index for units of up to 506 sq ft islandwide fell 4.3% last year, according to NUS flash estimates

Kalpana Rashiwala

Published Thu, Jan 28, 2016 · 09:50 PM

Singapore

PRICES of completed small condo units and apartments have gone from being the most resilient segment in an NUS price index during 2013 and 2014 to being the worst performer last year.

Based on the latest flash estimates for December 2015 from the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI) series, the sub-index for small units of up to 506 square feet islandwide slipped 4.3 per cent last year.

This is a larger drop compared with declines of 3.6 per cent in the index for the Central Region (excluding small units) and 3 per cent for t…

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