Non-landed private home resale prices fall 0.7% in December

Prices of resale non-landed private homes declined 0.7 per cent in December after falling by 0.5 per cent in November, according to the flash estimate of the NUS Singapore Residential Price Index (SRPI).

The drop was led by resale homes outside the central area where prices dipped 0.9 per cent last month, after a 0.1 percent decline in November.

Resale prices for private homes in the central area fell at a slower pace at 0.3 per cent in December, compared to a 0.9 per cent fall in the previous month.

Meanwhile, resale prices of small units also continued to weaken, falling by 0.6 per cent in December, after a 0.5 per cent decrease in November.

Source : Channel NewsAsia – 28 Jan 2014

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