Prices of private non-landed homes in Singapore resumed their upward trajectory in October, according to figures from the National University of Singapore (NUS).
The NUS Singapore Residential Price Index (SRPI) rose 0.9 per cent from the previous month, after a decline of 0.1 per cent in September.
SRPI is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore.
The SRPI Small Unit index also rose by 0.9 per cent, after a decline of 3.5 per cent in September.
This index tracks the volatile prices of small units measuring 506 square feet or smaller, also known as shoe-box units.
Excluding small units, private non-landed home prices in the central region rose 1.0 per cent in October, a turnaround from the 0.4 per cent fall in September.
In the non-central regions, prices of such properties increased by 0.8 per cent, after rising 0.1 per cent the previous month.
Source : Channel NewsAsia – 28 Nov 2011