Prices of completed private units up 0.4% in May: NUS index

Singapore

PRICES of completed private apartments and condominiums edged up 0.4 per cent in May, reversing a revised 0.8 per cent drop in April.

Excluding small units, prices in the central region - defined as districts one to four and the traditional prime districts 9, 10 and 11 - rose 1.3 per cent in May after a 0.4 per cent drop in April. Those in the non-central region dipped 0.3 per cent in May after a one per cent drop in April.

These are based on flash estimates by the National University of Singapore (NUS) for its overal…