Completed condo prices inched up 0.5% in August

Prices of small units rose 1%.

Prices of completed condominium units rose 0.5% MoM in July, according to the National University of Singapore (NUS) Singapore Residential Price Index (SRPI).

The study found that transactions for small units led the price increase at 1%. Meanwhile, the non-central region recorded a 0.6% increase in completed condo prices whilst the Central Region consisting of districts 1 to 4 and 9 to 11 saw prices merely rising by 0.1%.

In July, completed condo prices fell 0.3% MoM with prices of small units leading the declines at 0.6%. Prices of completed condos in the non-central region dipped 0.5% whilst central region prices were unchanged.

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