Prices of completed private apartments slip 0.4% in December: SRPI

Completed and work-in-progress condominium projects at Fernvale Link.
Completed and work-in-progress condominium projects at Fernvale Link.ST PHOTO: SEAH KWANG PENG

SINGAPORE - Prices of completed private condominiums and apartments dropped for the second month in a row, according to the Singapore Residential Price Index (SRPI) estimates released on Thursday (Jan 28).

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices slipped 0.4 per cent month-on-month in December, after a revised 0.7 per cent month-on-month decline in November. They had inched up 0.1 per cent in October.

Prices of homes in the central region, excluding small units, were down 0.6 per cent, while prices of homes in the non-central region, excluding small units, were down 0.2 per cent in November.

Prices of small units, which have a floor area of 506 sq ft or below, were unchanged after dropping by 1.3 per cent in November, according to the SRPI.