Completed condo prices down 1.2% in Dec: NUS index

Singapore

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

R'ST Research director Ong Kah Seng said this was within expectations, given the slow festive year-end coupled with the continued loan curbs under the total debt servicing ratio (TDSR) framework. Buyers' interest in resale units may also have been waning in December as they were holding out for new project launches in the new year.