Resale prices of non-landed private homes down 0.3% in November: NUS index

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall resale prices declined 0.3 per cent in November from the previous month. -- ST PHOTO: LIM YAOHUI
The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall resale prices declined 0.3 per cent in November from the previous month. -- ST PHOTO: LIM YAOHUI

Prices of completed non-landed private homes in Singapore fell 0.3 per cent in November compared with October, according to the Singapore Residential Price Index (SRPI) latest flash estimates, released on Monday.

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall resale prices declined 0.3 per cent in November from the previous month. In October, prices had risen a revised 0.4 per cent from the month earlier.

Prices of shoebox units, which have a floor area of 47 square metres (506 square feet) or less, led the fall with a 1.9 per cent decline month-on-month. Shoebox units typically have higher per square foot pricing than bigger properties.

Prices of homes in the prime central region, excluding small units, decreased by 0.5 per cent. Prices of homes outside the prime districts, excluding small units, were unchanged in November from October.

The Urban Redevelopment Authority will be releasing its flash estimates for the fourth quarter private property index on Friday.