Resale prices of private apartments and condos down 0.8% in May: NUS index

Prices of completed private apartments and condominiums dipped 0.8 per cent in May over the previous month.
Prices of completed private apartments and condominiums dipped 0.8 per cent in May over the previous month.PHOTO: ST FILE

SINGAPORE - Prices of completed private apartments and condominiums dipped 0.8 per cent in May over the previous month, according to flash estimates from the Singapore Residential Price Index (SRPI) released on Tuesday (June 28).

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices inched up 0.2 per cent in April, down slightly from an earlier estimate of a 0.3 per cent increase.

Prices of homes in the central region, excluding small units declined by 0.5 per cent from the previous month. In the non-central region, prices fell 1 per cent.

Prices of small units, which have a floor area of up to 506 square feet, fell 1.1 per cent in May compared to the previous month.