Residential
NUS SPRI: Prices of completed condos slipped 0.3% in December
In December, the NUS’s Singapore Residential Price Index (SRPI) series reflected a 1.3% fall in prices in the Central Region sub-index (excluding small units) in December, a 0.5% increase in the Non-Central Region, and no change in prices of small units (up to 506 sq ft) islandwide. The overall index fell by 0.3% in December, compared to a 1.7% increase in November. In the whole of 2012, the sub-index for the Non-Central Region saw the highest increase of 8.8%, followed by the small unit sub-index, which saw a 5.7% increase and the Central Region sub-index, which fell by 1.2%. The overall SRPI increased by 4%.
Looking ahead, the small unit sub-index may increase in January 2013 given the lowered LTV limit for individuals taking their second or subsequent housing loans which ...
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