Prices of completed non-landed private homes in Singapore up 0.3% in October

PRICES of completed non-landed private homes in Singapore rose 0.3 per cent in October compared with September, according to the latest flash estimates of the National University of Singapore's Overall Singapore Residential Price Index (SRPI).

The revised index value for September reflects a 0.7 per cent month-on-month drop.

The sub-index for Central Region (excluding small units of up to 506 sq ft) rose 0.6 per cent month-on-month in October, after easing 0.6 per cent in September.

Central Region is defined as districts 1-4 (including the financial district and Sentosa Cove) and the traditional prime districts 9, 10 and 11 by the university's Institute of Real Estate Studies.

The sub-index for Non-Central Region, again excluding small units, edged up 0.1 per cent in October, after shedding 0.7 per cent in September.

Islandwide prices of small apartments and condo units (up to 506 sq ft) rose 0.3 per cent in October, after climbing 0.5 per cent in September.