Completed condo prices inch up 0.3% in April

SINGAPORE - Prices of completed condominium units and apartments recovered in April, edging up 0.3 per cent compared to the previous month, according to flash estimates from the NUS Singapore Residential Price Index (SRPI).

This follows a 1.1 per cent price fall in March, revised from an earlier estimate of a 1 per cent decline. In the first two months of 2016, prices of completed non-landed homes saw marginal increases of 0.5 per cent in February and 0.2 per cent in January.

Units in the central region (excluding shoebox units) led April's small price increase, up by 0.4 per cent. Those outside the prime areas, saw prices inch up 0.2 per cent.

Prices of shoebox or small units - those up to 506 square feet - went up by 0.2 per cent.