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Resale Condo Prices Dipped 0.6% In October

Prices of completed non-landed private homes across Singapore declined by 0.6 percent month-on-month in October 2018 following a 0.2 percent dip in the revised reading for September, according to flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, home prices in the central region dipped by 0.3 percent last month, worse than the 0.1 percent dip recorded in September.

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But the highest month-on-month drop of 0.9 percent was registered by condos in the non-central region, excluding units with an area of 506 sq ft or below, following a 0.3 percent drop a month ago.

On the other hand, prices of the aforementioned small units edged up by 0.3 percent, reversing the 0.3 percent decline in September.

The central region sub-basket comprises properties found in postal districts 1 to 4 as well as 9 to 11. Properties located in the other postal districts fall under the non-central region sub-basket.

The data took into account deals recorded as of 20 November.

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