Completed condo prices inch up 0.1% in September

High-rise private apartments in the Scotts Road and Cairnhill area.
High-rise private apartments in the Scotts Road and Cairnhill area.PHOTO: ST FILE

SINGAPORE - Prices of completed non-landed private homes in Singapore edged up 0.1 per cent in September from the previous month, the National University of Singapore's flash estimate for its overall Singapore Residential Price Index (SRPI) released on Wednesday (Oct 28) showed.

This follows a 0.7 per cent month-on-month price fall in August, revised up from the 0.6 per cent decline estimated earlier.

Prices of small apartments and condo units (up to 506 square feet) rose 0.4 per cent, after dipping 0.1 per cent in August.

Prices of units outside the prime central area (excluding shoebox units) rose 0.3 per cent last month, after falling 0.8 per cent in August.

But prices in the Central Region defined as Districts 1-4 (including the financial district and Sentosa Cove) and the traditional prime Districts 9, 10 and 11 - fell 0.4 per cent in September, on the heels of a 0.3 per cent decline in August.