Resale prices of private apartments, condos inch up 0.2% in July: NUS index

Aerial view of private housing in Potong Pasir.
Aerial view of private housing in Potong Pasir. PHOTO: ST FILE

SINGAPORE - Prices of completed private apartments and condominiums inched up 0.2 per cent in July over the previous month, according to flash estimates of the Singapore Residential Price Index (SRPI) released on Monday (Aug 29).

July's performance did not match that of June when overall prices, excluding those of small units, rose 0.7 per cent over May. This was revised up from a 0.6 per cent estimate.

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed prime properties fared better, with their prices rising 0.7 per cent compared to a 0.2 per cent price fall for units outside the central region.

Prices of small units, which have a floor area of up to 506 square feet, were unchanged in July.