Resale condo, apartment prices down 0.6% in April: NUS index

Cable car cabins travel against a private condominium in Singapore on March 10, 2017.
Cable car cabins travel against a private condominium in Singapore on March 10, 2017.PHOTO: AFP

SINGAPORE - Resale prices of completed private apartments and condominiums swung to a 0.6 per cent decline in April from the previous month, after rising 0.8 per cent in March.

To date this year, prices are down 0.3 per cent, and a bigger 2.4 per cent lower than a year ago, according to flash estimates from the National University of Singapore's Singapore Residential Price Index (SRPI) released on Monday (May 29).

Prices are down 13.8 per cent from their post-Global Financial Crisis peak in July 2013.

Homes in the non-central region, excluding small units, led the decline, dipping 0.7 per cent month-on-month.

Prices fell 0.5 per cent for homes in the central region, namely districts one to four (including the financial district and Sentosa Cove) and the prime residential districts of 9, 10 and 11.

In contrast, prices of small units, defined as those with a floor area of 506 square feet or less, rose 0.7 per cent in April.