Non Landed Homes Decline 0.7%

According to the Singapore Residential Price Index (SRPI) of the National University of Singapore (NUS), non landed homes in the private sector saw a decrease of 0.7% after a consecutive increase of 1.1% in August and September.

Going forward, experts say that mass market homes should moderate further given the large supply of development sites being opened up for Government land sales. However, it will have little impact on mid-tier and luxury home prices, which could see further increase given the positive economic outlook in 2011.