Completed condo prices down 0.5% in February

The prices of units at Central Region fell 1.5%.

The prices on completed private apartments and condominiums went down 0.5% MoM in February following a 0.2% decline in January, according to the National University of Singapore’s Singapore Residential Price Index (SRPI).

The monthly decline came as the prices of apartments in the Central Region fell 1.5%. Prices of small units also dipped 0.2%.

Only the prices of non-Central Region units saw its prices rise by 0.2%.

In January, the prices of small units fell 0.7%. Prices at Central and Non-Central areas also fell 0.4% and 0.1% respectively.

The National University of Singapore (NUS) Singapore Residential Price Index Series (SRPI) is a transaction-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore.