Prices of private resale homes rose just 0.1% in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums.
The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS).
Resale prices of private homes in the central area saw the biggest decline, down 1.1% last month.
However, prices of units in the non-central region went up by 1.0%. The index covering small units of 506sqft and below also increased 1.0%.
Source: Channel News Asia
This means resale prices of city centre homes are expected to continue to dip gradually.
ReplyDeleteSeptember sales drop 50% than August. 904 Vs 438...Howizzit...UP or DOWN?
ReplyDeletenowaday not much news and talks. Seems everyone in the silde line.
ReplyDeleteFlash news 2nd Sep: Private property prices to decline by 5% in 2014 and 5 - 15% in 2015....By Barclays link below
ReplyDeletehttp://sbr.com.sg/residential-property/in-focus/private-property-prices-correct-least-5#
S'pore private sales market is quiet now a days.no Buyers around.heading towards a big fall in one/two months time.
ReplyDelete