Singapore resale home prices drop 0.4% in June

HDB flats in the Bukit Panjang area. Resale home prices slid 0.4 per cent from May to June as more buyers chose new launches over resale units. -- ST PHOTO: ALPHONSUS CHERN
HDB flats in the Bukit Panjang area. Resale home prices slid 0.4 per cent from May to June as more buyers chose new launches over resale units. -- ST PHOTO: ALPHONSUS CHERN

Resale home prices slid 0.4 per cent from May to June as more buyers chose new launches over resale units.

The rate of decline was slightly steeper than the 0.2 per cent dip from April to May, according to flash Singapore Resale Price Index (SRPI) figures released on Monday by the National University of Singapore.

The drop was largest in the central region at 1.5 per cent in June. This outweighed a 0.5 per cent rise in resale prices in non-central regions that month.

Resale prices of small homes, of 506 sq ft or less in size, declined 1 per cent in June.