[ad_1]
Wed 28th Nov 2018 – 13h09
The price of private apartments and condominiums completed in Singapore fell further, by 0.6% in October from the previous month, after a 0.2% drop in September.
This is in line with Flash estimates from the National University of Singapore (NUS) released Wednesday for its Singapore Residential Price Index (SRPI), which tracks prices for completed private dwellings.
This decrease is attributable to the 0.9% drop in apartment prices in non-central regions, excluding small units, compared with a 0.3% decline the previous month. Apartment prices in the central region, excluding small units, also fell more sharply, by 0.3% in October, compared to a drop of 0.1% in September.
However, prices for small units, defined as no more than 506 square feet, rose 0.3% last month, after falling 0.3% the month before.
The Institute of Real Estate Studies of the University, which developed the SRPI series, defines the Central Region as being Districts 1-4 (including Financial District and Sentosa Cove) and Residential Districts choice of 9, 10 and 11.
Since the beginning of the year, overall prices have increased 3.6%, driven by a 4.8% increase in small unit prices. The prices of large apartments in central and non-central areas have increased by 3.6% since the beginning of the year.
Year-to-year, overall prices increased 5.9%, with increases of 6.2% for both the Central Region and Box Unit segments. to shoes. In apartments located in non-central locations, prices rose 5.7%.
[ad_2]
Source link
