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Resale condominium price down in May according to NUS index

Prices of completed non-landed private homes in Singapore dropped by 0.8 percent in May 2016, compared to a 0.2 percent increase in the preceding month, flash estimates of the NUS Singapore Residential Price Index (SRPI) showed.

Excluding little units, prices in the central region fell by 0.5 percent last month, after increasing by 0.4 percent in April. In the non-central area, costs fell by one percent, following a 0.1 percent hike previously.

Northwave-ECThe central region sub-basket comprises properties found in postal districts 9 to 11 and 1 to 4, while properties in the other postal districts fall under the non-central region sub-basket.

Meanwhile, prices of small units measuring 506 sq ft or below saw the biggest fall of 1.1 percent, after falling by 0.1 percent in April.

Side note: The new launch market sector has been performing better and upcoming executive condo, Northwave EC will be the next performing indicator.

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