March resale prices up after 4-month decline: SRPI

By The Folks @PropTalk - April 29, 2015 3 Comments

Prices of private non-landed residential properties edged up 0.2% in March from the previous month, according to latest flash estimates of the Singapore Residential Price Index (SRPI) released by the National University of Singapore.
This is the first such increase after four straight months of decline.
In terms of region, the index for private residential property in the central region - excluding small units - rose 0.1% in March compared to the previous month, while the index for homes in non-central regions gained 0.3%.
Meanwhile, the index for small-sized units declined 0.4%.
Despite the uptick in the headline index in March, SLP International Property Consultants said it still expects the overall index to decrease by 3 to 6% this year. 
Source: CNA

3 comments to ''March resale prices up after 4-month decline: SRPI"

  1. In your view, is the market coming out from bottom?

  2. Hi Anonymous (Apr 29, 8:47PM): We like to think that it is but given the small number of monthly transactions over the past months, it is probably challenging to make any definitive conclusions. Even the experts are mostly guarded with their predictions, so the wife and I probably should not make any.

    But if we can offer an opinion, we believe prices will continue to trend downwards at least for the next 3 - 6 months. This is unless the government steps in to ease-off on some of the cooling measures earlier than expected of course.

    Hope that helps!

    1. Thanks for the reply

      I actually agree. Lets see