Resale prices of private homes dipped in November, according to the Singapore Residential Price Index (SRPI) estimates, which were released on Monday (Dec 28).
The SRPI, compiled by the National University of Singapore’s Institute of Real Estate Studies, showed overall prices decreased 0.6 per cent month-on-month in November, down from the 0.1 per cent growth in October.
Prices of home in the central region, excluding small units, was down 0.8 per cent, while prices of homes in the non-central region, excluding small units, was down 0.4 per cent in November.
Prices of small units, which have a floor area of 506sqf or below, showed the biggest drop with its 1.2 per cent decline, according to SRPI.
Source : Channel NewsAsia – 28 Dec 2015