Drop in Prices of Completed Private Apartments

Excerpt from The Straits Times 29 June 2016:

According to flash estimates from the NUS Singapore Residential Price Index (SRPI) on 28 June 2016, overall resale prices in the private residential market fell 0.8% from April.

Last month’s price trends showed that buyers remained cautious and more selective while sellers have adopted more realistic price expectations.

The drop in prices for completed apartments last month was broad-based and was led by small units – those up to 506 sq ft. These fell by 1.1 per cent last month after declining 0.1 per cent in April.