Prices of private units in Central Region fell 0.8% month-on-month in April

By
/ EdgeProp
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May 30, 2018 11:54 AM SGT
The price index of private condominium and apartment units in the Central Region fell 0.8% month-on-month in April, compared to no change for private homes in the Non-Central region. This is according to the latest flash estimates by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI).
The Central Region is defined as the traditional prime Districts 9, 10, and 11, as well as Districts 1 to 4 covering the financial districts and Sentosa Cove.
The NUS report shows that the overall price index fell 0.3% month-on-month in April. Before that, the index had been trending upwards since it bottomed out in March 2017, but had yet to reach the heights last seen during the previous property boom in 2013.
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