Resale prices of private homes down marginally in November: SRPI

Resale prices of private homes dipped slightly last month, according to Singapore Residential Price Index (SRPI) flash estimates, which were released on Monday (Dec 29).

The SRPI, compiled by the National University of Singapore’s Institute of Real Estate Studies, showed overall prices decreased 0.3 per cent in November from the previous month. In October, overall prices rose 0.4 per cent from a month earlier – up 0.1 percentage point from that month’s flash estimates.

Prices of homes in the central region, excluding small units, fell 0.5 per cent, and prices of homes in the non-central region, excluding small units, stayed level in November from October.

Prices of small units, which have a floor area of 506sqf or below, fell the most at 1.9 per cent on-month.

Source : Channel NewsAsia – 29 Dec 2014

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