01 Feb '16, 2pm

New: Singapore Property News This Week #245

SPRI for shoebox apartment falls by 4.3% in 2015 According to flash estimates by the National University of Singapore, the Singapore Residential Price Index (SRPI) for small units of up to 506 sq ft has fallen by 4.3% in 2015, making it the worst price performer that year. Comparatively, the price indices for the central region and non-central region have fallen by 3.6% and 3% respectively. Overall, the SRPI has fallen by 3.3% in 2015. Ong Choon Fah from DTZ said that the size of shoebox units and their locations may have affected sales. Ong added that potential tenants may find that for the same rental outlay, they can lease a much bigger HDB flat. As such, the rental of shoebox units may have been seen as less attractive. (Source: Business Times) Shunfu Ville relaunched for en bloc sale Shunfu Ville, which is located near Marymount MRT Station, has been put up for en blo...

Full article: https://www.propwise.sg/singapore-property-news-this-week...

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