News: Resale condo price hike eased to 0.7% in June

Jul 31, 2018

Year-to-date, prices for the overall market have grown by 4.2 percent.

Resale prices of non-landed private homes in Singapore rose 0.7 percent in June, down from the 1.6 percent growth seen in May, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI).

Prices of small units, measuring 506 sq ft or below, increased the most at 1.1 percent, which is similar to the previous month.

More: Developers not to cut prices massively, but will be more “flexible”

Resale condo prices in the non-central region climbed 0.8 percent in June from 1.4 percent in May, while those in the central region rose 0.4 percent from 2.0 percent previously.

The central region sub-basket comprises properties located in districts 1 to 4 and 9 to 11, while properties found in the other districts fall under the non-central region sub-basket.

Year-to-date, prices for the overall market grew by 4.2 percent, led by 4.6 percent increases in the non-central region as well as for small units, reported the Business Times.

Year-on-year, prices grew 9.2 percent on the back of a 9.4 percent gain in the central region and a 9.0 percent hike in the non-central region.

Home buyers looking for Singapore Properties may like to visit our ListingsProject Reviews and Guides.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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