Resale prices of private homes slip in September: SRPI

Resale prices of private homes slid in September according to Singapore Residential Price Index (SRPI) estimates, which were released on Tuesday (Oct 28).

The SRPI, compiled by the National University of Singapore’s Institute of Real Estate Studies, showed overall prices fell 0.7 per cent in September from the previous month. In August, prices rose 0.2 per cent from a month earlier.

Prices of homes in the central region, excluding small units, led the decline with a 0.9 per cent fall. Homes in the non-central region, excluding small units, fell 0.6 per cent in September from August.

Prices of small units, which have a floor area of 506sqf or below, bucked the trend, rising marginally by 0.4 per cent on-month.

Source : Channel NewsAsia – 28 Oct 2014

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