Resale private home prices down 1% on-month in June

Resale prices of private homes fell in June after inching up in May, according to Singapore Residential Price Index (SRPI) estimates released on Tuesday (July 29).

The SRPI, compiled by the National University of Singapore’s Institute of Real Estate Studies, showed overall prices decreased by 1 per cent in June from the previous month. In May, prices rose 0.4 per cent from April.

Prices of homes in the central region led the decline, with a 1.5 per cent fall in June from the previous month. Prices in the non-central areas dipped 0.4 per cent.

The figures exclude prices for small units with a floor area of 506 sq ft and below, which also fell 0.4 per cent in June from May, the SPRI data showed.

Source : Channel NewsAsia – 29 Jul 2014

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