Resale prices of private apartments up 0.4% in February: NUS index

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

SINGAPORE - Resale prices of completed private apartments rose marginally for a second straight month, according to the latest monthly edition of the NUS Singapore Residential Price Index (SRPI).

Prices were up 0.4 per cent in February from the previous month, after rising 0.2 per cent in January.

Completed private apartments in the central region led the rise with a 0.5 per cent increase, while those in non-central regions rose 0.3 per cent.

However, prices of small private apartments - those with an area of not more than 506 square feet - fell 1.1 per cent in February.