Residential property prices down 0.8% in December: NUS index

Prices of residential property in Singapore fell by 0.8 per cent on-month in December, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS).

This compares with a 1.4 per cent increase in November.

The index covering small units of 506 square feet and below registered a 3.4 per cent increase.

The NUS SRPI Small Index was down 0.8 per cent in November.

Excluding small units, home prices in the central region fell 0.4 per cent, while those in the non-central region also dropped 1.0 per cent.

Both indices reported increases in November. The SRPI Central (excluding small units) was up 1.6 per cent in November, while the SRPI Non-Central (excluding small units) up 1.3 per cent.

The index included transactions received as at January 19.

Source : Channel NewsAsia – 30 Jan 2012

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