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Resale prices of Singapore's private homes up 0.6 pct in June: SRPI

Xinhua, July 28, 2016 Adjust font size:

Resale prices of Singapore's private homes edged up 0.6 pct in June on a month-on-month basis, according to flash estimates released by the National University of Singapore's Institute of Real Estate Studies (IRES) on Thursday.

Singapore Residential Price Index (SRPI) showed overall prices rose 0.6 percent in June, in contrast to the 0.9 percent drop in May.

Resale prices of private homes in the central region, excluding small units, grew up by 0.7 percent month-on-month. While in the non-central region, resale prices increased by 0.4 percent.

As for small units, which have a floor area of up to 506 square feet, resale prices grew up by 0.2 percent in June compared to the previous month.

Private homes are those developed by private developers. About 80 percent of the resident households in Singapore live in public housing units built and sold by the government. The private homes are typically more expensive than public housing units. Enditem