Here’s our summary of the important residential, commercial and industrial news this week. We hope this helps you to save time catching up on the news!

Residential News

NUS Singapore Residential Price Index rose in April

The NUS Singapore Residential Price Index (SRPI) rose 14.1% in April year-on-year for the Non-Central Region and 5.6% for the Central Region. There is also an increase of 1% month-on-month and 10.4% year-on-year for the overall SRPI for April. The sub-indices for the month-on-month gains for Non-Central and Central Regions in April were 1.1% and 0.8% respectively. The Non-Central Region sub-index is 23.6% beyond its pre-global financial crisis peak in January 2008, while the Central Region sub-index is 0.8% below its November 2007 pre-crisis high. The overall index in April stood at 13.6% above its pre-crisis peak in November 2007.

BTO projects may not be introduced ...