The Straits Times
Published on Sep 29, 2012

August resale private homes prices up slightly


Resale prices of private homes inched up across the board in August, reversing the overall fall in July as buyers were lured by new project launches.

Prices picked up 1 per cent overall, according to flash figures from the Singapore Residential Price Index (SRPI) on Friday, after a 0.6 per cent overall fall in July.

The statistics are compiled by the National University of Singapore, and track a basket of completed non-landed projects.

Resale prices of non-central flats rose 1.5 per cent last month, the best performer for the month and a reversal of the 0.6 per cent drop recorded in July.