Resale prices for private condominiums increased by 0.6% in December 2017

According to the flash estimates of the NUS Singapore Residential Price Index (SRPI), the rising trend of the prices of completed non-landed private homes in Singapore continued in December 2017 registering an increase of 0.6 percent, following a revised 1.6 percent hike during the previous month.

Home prices of big units in the central region rose 0.5 percent in December, down from the 1.8 percent increase registered in November.

Prices in the non-central region climbed 0.7 percent, also lower compared to the 1.4 percent growth seen during the previous month.

Meanwhile, prices of small units measuring 506 sq ft or below held flat in December, after it rose 1.1 percent in November.

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.

Food of thoughts: Increase in property prices of resale condo means increase in property values of private condominiums?

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