Condo prices edge up by just 1.1% in April

Non-landed private home prices are still up 14.1 % over April 2010, but central price rises were more muted at 5.6%.

According to the NUS Singapore Residential Price Index, April price gains were led by the non-central region (+14.1% yoy and 1.1% mom), while the Central region rose 5.6% yoy and 0.8% mom respectively. However, property consultants were mixed on the outlook due to the ongoing review of HDB monthly household income cap, the step-up in BTO supply this year, and plans to release more BTO flats in mature estates next year.

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