Resale prices of private homes rose
slightly last month, according to Singapore Residential Price Index (SRPI)
flash estimates, which were released on Friday (Nov 28).
The SRPI, compiled by the National
University of Singapore's Institute
of Real Estate Studies
Prices of homes in the central region,
excluding small units, led the rise with a 0.6% increase. Prices of homes in
the non-central region, excluding small units, were up 0.1% in October from
September.
Prices of small units, which have a
floor area of 506sqf or below, rose 0.3% on-month.
Source: CNA
The SRPI report surfaced at quite
the perfect time, given MAS' claims (as reported in the newspapers today) that
the private home market is still not "cool" enough...
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