Prices of small homes dipped 1.4%
Sub-index for units in Central Region also sagged 0.9%.
According to flash estimates by the National University of Singapore (NUS) Singapore Residential Price Index Series (SRPI), non-Central units' prices increased 0.7% in June.
The National University of Singapore (NUS) Singapore Residential Price Index Series (SRPI) is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore.
Currently, SRPI indexes are published in the form of value-weight ed indexes. The SRPI is the index for the overall non-landed residential market in Singapore based on the whole SRPI property basket. Two sub-indexes are also produced for the Central and non-Central regions. The Central region sub-basket comprises properties within the overall SRPI basket located in Postal Districts 1 through 4 and 9 through 11 while properties in the other postal districts are in the non-Central region sub-basket.