Small completed apartments continue to lag bigger units in price
Sub-index for small units of up to 506 sq ft in S'pore eased 0.7% from Dec 2015 to April 2016: NUS index
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Kalpana Rashiwala
Singapore
PRICES of completed small condo units and apartments continued to lag behind the price of larger units, shows the latest data from the National University of Singapore.
Based on the latest flash estimates for April 2016 for NUS' Singapore Residential Price Index (SRPI) series, the sub-index for small units of up to 506 square feet islandwide has eased 0.7 per cent since December last year. In comparison, the sub-index for the Central Region (excluding small units) fell 0.3 per cent while the sub-index for Non-Central Region (again excluding small units) even managed to post a marginal 0.1 per cent increase over the same period.
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