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Resale prices of private homes down in April: SRPI

The overall resale prices of private homes fell 0.1 per cent month-on-month in April, according to flash estimates from the Singapore Residential Price Index. Only small units saw an increase in price of 0.4 per cent. 

SINGAPORE: Resale prices of private homes fell last month, according to Singapore Residential Price Index (SRPI) estimates, which were released on Thursday (May 28).

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 0.1 per cent in Apr from the previous month, when prices increased 0.3 per cent from a month earlier.

Prices of homes in the central region, excluding small units, fell by 0.1 per cent. On the other hand, prices of homes in the non-central region, excluding small units, remained the same as the previous month.

Small units, which have a floor area of 506sqf or below, were the only ones which saw an increase in price of 0.4 per cent.