30 Dec '16, 3pm

Resale condo prices down 0.7% in November: NUS index #Singapore #propertynews

Condo prices fell slightly by 0.8 percent in the central region. Resale prices of non-landed private homes in Singapore fell by 0.7 percent in November, continuing the revised 0.2 percent decline registered in October, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices dipped by 0.8 percent in the central region and by 0.7 percent in the non-central region. The declines in both regions last month were steeper compared to the 0.3 percent drop seen in October. The central region sub-basket comprises properties located in districts 1 to 4 and 9 to 11, while properties located in the other districts fall under the non-central region sub-basket. Meanwhile, prices of small units measuring 506 sq ft or below fell by 0.1 percent, reversing the 0.5 percent growth seen in October. Romesh Navaratnarajah , Senior Editor at Prope...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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