>

>

Residential price index increase 1.2% m-o-m in July: NUS

By Valerie Kor

/ EdgeProp Singapore |

August 30, 2020 5:00 AM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - The National University of Singapore (NUS) released today the Singapore Residential Price Index (SRPI) for June and July 2020. SRPI, which measures the price movement of private residential non-landed resale properties, increased 1.2% month-on-month in July, the highest rate of monthly growth since the 1.7% increase in May 2018.

The price increase was led by resale home prices in the prime districts, which jumped by 1.8% m-o-m in July, the fastest growth in the past two years.

Developers sold more housing units than the numbers released last month. In the Core Central Region (CCR), 25 new housing units were released for sale and 113 were sold. Overall, excluding executive condominiums, 869 new private housing units were released for sale islandwide in July, and 1,080 units were sold.

In the private resale housing market, only 149 private resale housing units were transacted in May. The resale volume increased to 279 units in June, and jumped to 739 units in the following month. In the CCR, the number of private resale housing units sold more than quadrupled from 35 in May to 154 in July.

Nicholas Mak, head of research & consultancy department at ERA Realty, says that overall, “homebuyers put aside their fear of Covid-19 and re-entered the private housing market with vigour in July”, which was reflected in the three of the resale price indices. The exception is smaller units, which slipped 0.7% m-o-m in July.

NUS Flash SRPI Values (July 2020)

SRPI Basket as at December 2019	June 2020m-o-m change	July 2020m-o-m change (Flash)
SRPI Overall	-0.4%	1.2%
SRPI Central (excluding small units)	-0.8%	1.8%
SRPI Non-Central (excluding small units)	-0.0%	0.9%
SRPI Small Units	-1.2%	-0.7%

Source: NUS, ERA Research

Read Also:

One-bedder at The Trilinq on the market for $860,000

Two-bedder with patio at The Rochester Residences on sale for $2 mil

Ageing in place and the future of nursing homes

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Couple ‘addicted to fresh starts’ offer Vanda Rd semi-detached for sale at $13.8 mil

2

Ticket sizes for CCR condos drop 20% in 5 months

3

Residential transactions with contracts dated Aug 22 to 29 [DONE DEALS]

4

Lentor Central GLS site receives two bids, highest bid at $982 psf ppr

5

Detached house at Berrima Road on the market for $15.88 mil

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00