Prices of completed private apartments, condos rose 0.3% m-o-m in April: NUS index

PRICES of completed private apartments and condos rose 0.3 per cent in April 2016 over March 2016.

This is according to National University of Singapore's (NUS) flash estimate for its Overall Singapore Residential Price Index for April released on Monday.

This contrasts with a 1.1 per cent month-on-month (m-o-m) decline in the index in March, based on the revised index value for that month.

The sub-index for the Central Region (excluding small units) appreciated 0.4 per cent m-o-m in April, contrasting with a 0.8 per cent drop in March.

The Central Region is defined as Districts 1-4 (including the financial district and Sentosa Cove) and the traditional prime residential districts of 9, 10 and 11 by the NUS' Institute of Real Estate Studies, which minted the SRPI series tracking prices of completed non-landed private homes.

In the Non-Central Region (again excluding small units), prices inched up 0.2 per cent in April, after declining by 1.3 per cent in March.

NUS' sub-index for small units of up to 506 sq ft islandwide also rose slightly, by 0.2 per cent, last month - after slipping 0.1 per cent in March.