Prices of private resale homes continue to dip in September

Prices of resale private homes continued to soften in September.

According to the flash estimate of the NUS Singapore Residential Price Index (SRPI), overall resale private home prices dipped 0.7 percent last month.

This is compared to a 0.4 percent on-month decrease in prices in August.

The SRPI showed that resale prices for private homes in the central areas fell 1.7 percent, while prices of small units declined 1.9 percent in September.

Meanwhile, prices of resale units outside the central area inched up 0.1 percent last month.

Source : Channel NewsAsia – 28 Oct 2013

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