Prices of completed condos fall 0.4% in December

Prices of completed condominium units and apartments fell 0.4 per cent in December, following a 0.7 per cent decline in November last year.

This was based on the latest flash estimates from the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI) series, reflective of transactions tracked within a basket of units as at Jan 21.

The main drag came from homes in the central region – defined as districts 1-4 (including the financial district and Sentosa Cove) and the traditional prime residential districts of 9, 10 and 11 – where prices fell 0.6 per cent in December. In November, prices in the central region slipped 0.9 per cent based on the revised estimates.

Prices of small units of up to 506 square feet were unchanged in December compared with a month ago, after falling a sharp 1.3 per cent in November.

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