Resale home prices rise marginally in August

High-rise private and government residential buildings in Singapore. Resale homes saw a small rise in prices last month, led by units in the suburbs and shoebox apartments. -- ST FILE PHOTO: ALPHONSUS CHERN
High-rise private and government residential buildings in Singapore. Resale homes saw a small rise in prices last month, led by units in the suburbs and shoebox apartments. -- ST FILE PHOTO: ALPHONSUS CHERN

RESALE homes saw a small rise in prices last month, led by units in the suburbs and shoebox apartments.

They rose 0.1 per cent in August, slightly down from July's revised 0.4 per cent rise, based on the latest Singapore Residential Price Index (SRPI) figures, out on Monday.

Excluding small units, suburban condo resale prices inched up 1 per cent in August, up from July's slight increase of 0.4 per cent.

Prices of completed small units also rose by 1 per cent, down from 2.1 per cent in the preceding month.

The SRPI is compiled every month by the National University of Singapore (NUS), which monitors a basket of completed non-landed projects excluding executive condominiums.