March sees 0.9% increase in non-landed private home prices
According to NUS’s overall Singapore Residential Price Index (SRPI), the prices of completed non-landed private homes excluding ECs saw a 0.9% rise in March, compared to a 1.2% fall in February. This was largely due to the Central Region sub-index (excluding small units), which saw a 2.2% increase in March, after a 3.7% fall in February. Nevertheless, there is still a large supply of unsold units in the Central Region (both completed and under-construction). The Non-Central Region sub-index (excluding small units) remained stable with a slight 0.1% decline in March, after a 0.1% gain in February. Meanwhile, the sub-index for prices of completed shoebox units (up to 506 sq ft) islandwide saw a 0.7% gain in March, after a 0.9% fall in February.
(Source: Business Times)
Non-landed private home owners made …