The overall Singapore Residential Price Index (SRPI) grew 0.8% m-o-m in December, based on flash estimates released on Jan 29 (Picture: Samuel Isaac Chua/The Edge Singapore)
Flash estimates for the overall Singapore Residential Price Index (SRPI) released by the National University of Singapore's Institute of Real Estate and Urban Studies (IREUS) on Jan 29 indicate that prices of resale private non-landed residential properties in Singapore grew 0.8% m-o-m in December 2023. This comes as overall consumer prices climbed 0.4% m-o-m in December, based on the Singapore Consumer Price Index.
The SRPI sub-index for the Central Region (excluding small units) grew by 0.9% m-o-m in December while the sub-index for the non-Central Region (excluding small units) increased by 0.7% m-o-m. The sub-index for small units increased by 0.4% m-o-m in December.
The final overall SRPI for November was adjusted to reflect a decrease of 0.6% m-o-m, widening from its flash estimate that indicated a decline of 0.5%. For the sub-index for the Central Region (excluding small units), final figures for December show a 1% m-o-m fall, bigger than the flash estimate of a 0.7% decrease.
Read also: Private non-landed housing prices up 0.7% m-o-m in September: NUS SRPI flash estimate
For the non-Central Region (excluding small units), the sub-index for December remained the same as its flash estimate at a 0.4% decrease m-o-m. For the sub-index for small units, the figure adjusted to an increase of 0.2%, slightly higher than its flash estimate growth of 0.1%.