Resale prices of private homes mostly unchanged: SRPI

Resale prices of private homes ended mostly unchanged in August according to Singapore Residential Price Index (SRPI) flash estimates, which were released on Monday (Sep 29).

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices had no change in August from the previous month. In July, prices went up 0.1 per cent from a month earlier.

Prices of small unit homes rose 0.1 per cent in August from the previous month. A small unit has a floor area of 506 square feet or below.

Prices of homes in the central region in August, excluding small units, remained unchanged compared to July. However, home prices in the non-central region dipped 0.1 per cent on-month. These figures exclude prices of small units in the non-central region.