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Private home prices up 0.6% in October

Private home prices up 0.6% in October.

Prices of completed private residential properties rose 0.6 percent in October, surpassing the 0.2 percent growth registered in September, revealed the latest flash estimates of the NUS Singapore Residential Price Index (SRPI).

Excluding small units, home prices in the central region climbed 1.2 percent, up from the 0.4 percent increase in the previous month. Prices in the non-central region also rose 0.3 percent, reversing the 0.1 percent drop posted in September.

The central region sub-basket comprises properties located in postal districts 1 to 4 as well as 9 to 11, while properties found in the other postal districts fall under the non-central region sub-basket.

However, prices of small units measuring 506 sq ft or below fell 0.8 percent, after increasing by one percent in September.

This article was edited by Keshia Faculin.