Resale prices of private homes up 0.3% in April: Property index

Resale prices of private homes rose in April, according to flash estimates from the Singapore Residential Price Index (SRPI) released on Monday (May 30).

The SRPI, compiled by the National University of Singapore’s Institute of Real Estate Studies, showed overall prices rose 0.3 per cent in April from the previous month. It had slid 1.1 per cent month-on-month in March.

Prices of homes in the central region, excluding small units went up 0.4 per cent from the previous month. In the non-central region, prices of homes, excluding small units, rose 0.2 per cent.

Prices of small units, which have a floor area of 506sqf or below, inched up 0.2 per cent in April compared to the previous month.

Source : Channel NewsAsia – 30 May 2016