Home prices up only 1% on-month in Dec: SRPI
By Jo-ann Huang | Posted: 28 January 2011
SINGAPORE: Home prices grew only 1 per cent on-month, according to the National University of Singapore (NUS) Singapore Residential Price Index (SRPI) for December 2010.
The Singapore Residential Price Index for all properties grew 0.9 per cent on-month to 155.5 points, compared to 154.1 in November 2010.
Suburban home prices grew the most, with on-month growth coming in at 2.2 per cent to reach 154.8, compared to 151.4 in November last year.
However, homes prices in the central region fell – on-month growth came in at -0.8 per cent to 161.0, compared to 162.3 a month before.
The SRPI is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore.
Compiled by the NUS Institute of Real Estate Studies, the index covers only completed non-landed properties in the central region and non-central regions.
Source : Channel NewsAsia – MediaCorp Pte Ltd Copyright
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