Non-landed resale prices on the rise in Jan

Resale prices of completed private apartments and condos fared slightly better in January compared to December, according to the latest figures from the National University of Singapore.

The university's January flash estimate for the Singapore Residential Price Index (SRPI) suggested that prices of small units (up to 506 sq ft) islandwide was the star performer for the month, rising 2.6 per cent, reversing a dip of 0.7 per cent in December.


Resale prices of homes (excluding small units) in the Central Region rose 0.7 per cent month-on-month, reversing a 1.5 drop in December.

The Central Region is defined as Districts 1-4 (including the financial district and Sentosa Cove) and the traditional prime residential districts of 9, 10 and 11.

Conversely, the sub-index for the Non-Central Region (excluding small units) dipped 0.1 per cent, reversing a gain of 0.8 per cent in December.

The overall SRPI rose 0.3 per cent in January, after dipping 0.2 per cent the previous month.

The SRPI series, which is administered by NUS's Institute of Real Estate Studies (IRES), tracks prices of completed non-landed private homes but excludes executive condos.

Source: Business Times –1 March 2013