News: Resale condo prices dipped 0.6% in October

Nov 29, 2018

The biggest month-on-month price drop of 0.9 percent was registered by condos in the non-central region.

Prices of completed non-landed private homes across Singapore declined by 0.6 percent month-on-month in October 2018 following a 0.2 percent dip in the revised reading for September, according to flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, home prices in the central region dipped by 0.3 percent last month, worse than the 0.1 percent dip recorded in September.

More: Cooling Measures Dampened Buying Sentiment In Q3: Report

But the highest month-on-month drop of 0.9 percent was registered by condos in the non-central region, excluding units with an area of 506 sq ft or below, following a 0.3 percent drop a month ago.

On the other hand, prices of the aforementioned small units edged up by 0.3 percent, reversing the 0.3 percent decline in September.

The central region sub-basket comprises properties found in postal districts 1 to 4 as well as 9 to 11. Properties located in the other postal districts fall under the non-central region sub-basket.

The data took into account deals recorded as of 20 November.

Home buyers looking for Singapore Properties may like to visit our ListingsProject Reviews and Guides.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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