RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Private condo prices rise 0.5% in July

But the growth is slower than last month's rate.

Private condominium prices continued to rise by 0.5% in July, albeit at a lower rate than June's 0.9%.

According to the NUS Institute of Real Estate Studies' Singapore Residential Price Index (SRPI), the overall SRPI has an index value of 142.8 for the month.

Meanwhile, prices for units in the central regions stayed flat with at 130.8.

SRPI for units in non-central regions rose 1.0% to 155.2.

However, SRPI for small units fell by 0.8% for the month.

The SRPI is the index for the overall non-landed residential market based on the whole SRPI property basket.

The Central region sub-basket is made up of properties in Postal Districts 1 to 4 and 9 to 11. Properties in the other postal districts are belong to the non-Central region sub-basket.

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