October resale prices up slightly: SRPI

By The Folks @PropTalk - November 28, 2014 No Comments
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, showed overall prices increased 0.3% in October from the previous month. In September, prices fell 0.7% from a month earlier.

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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