Prices of completed condos in Singapore edge up 0.1% in September
SHOWING signs of stabilisation, the prices of completed condominiums in Singapore inched up 0.1 per cent in September from the previous month, the National University of Singapore's flash estimates for its Singapore Residential Price Index released on Wednesday showed.
This follows a 0.7 per cent month-on-month drop in August based on the revised index value for that month.
Small units of up to 506 square feet as well as units in the non-Central Region excluding small units showed resilience, posting a 0.4 per cent and 0.3 per cent rise in prices respectively last month.
But the prices of completed units in the Central Region, defined as Districts 1 to 4 (including the financial district and Sentosa Cove), and the traditional prime Districts 9, 10 and 11 marked a 0.4 per cent drop last month.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Global housing shortages are crushing immigration-fuelled growth
Australia’s housing rent hits record high in headache for RBA
GuocoLand taps X factor to help tenants pull workers to offices amid hybrid work
After S$160 million makeover, SingLand eyes better take-up, higher rents at Singapore Land Tower
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April