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Resale prices of Singapore's private homes flat in October

Xinhua, November 28, 2016 Adjust font size:

Resale prices of Singapore's private homes remained flat in October on a month-on-month basis, according to flash estimates released by National University of Singapore's Institute of Real Estate Studies (IRES) on Monday.

Singapore Residential Price Index (SRPI) showed overall prices was flat in October, following a 0.5-percent drop in September.

Resale prices of private homes in the central region, excluding small units, grew up by 0.2 percent month-on-month. While in the non-central region, resale prices fell by 0.3 percent.

As for small units, which have a floor area of up to 506 square feet, resale prices edged up by 0.1 percent in October 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. Endit