28 Aug '15, 4am

Resale prices of private homes in #Singapore flat in July: NUS index

SINGAPORE - Resale prices of private homes were flat in July, according to Singapore Residential Price Index (SRPI) flash estimates released on Friday (Aug 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices were unchanged in July from the previous month. In June, prices dipped 0.1 per cent month-on-month, better than the earlier estimate of a 0.3 per cent decline. Prices of completed private apartments have fallen about 1.7 per cent in the first six months of this year, according to SRPI data. The decline follows falls of 3.7 per cent and 1.3 per cent in the first and second halves of 2014 respectively. July prices of shoebox units, which have a floor area of 506 square feet or less, slipped by 0.3 per cent from June. Prices of homes in the non-central region, excluding small units, dipped 0.2 per cent,...

Full article: http://www.straitstimes.com/business/property/resale-pric...

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