New Reporter
28-07-23, 08:21
Non-landed private residential price index falls 0.7% in June: NUS SRPI flash estimate
July 27, 2023
The Institute of Real Estate and Urban Studies (IREUS) has released the Singapore Residential Price Index (SRPI) for the month of June. Flash estimates indicate the overall index declined 0.7% m-o-m.
The sub-index for the Central Region (excluding small units) fell by 1.2% m-o-m in June, while the sub-index for the non-Central Region (excluding small units) decreased by 0.4% over the same period. The sub-index for small units decreased by 0.6% for the period.
The revised overall index for May was adjusted to reflect a 0.2% m-o-m increase, slightly higher than the flash estimate that indicated the index stayed flat in June.
The sub-index for the Central Region (excluding small units) in May remained the same as its flash estimate showing a fall of 0.8% m-o-m. For the non-Central Region, the sub-index was adjusted to reflect a 0.7% increase, higher than its flash estimate of a 0.4% increase m-o-m.
Meanwhile, the sub-index of small units in December 2022 was adjusted to reflect a 1.4% m-o-m increase, higher than its flash estimate of 0.9%.
The SRPI, tracked by the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore (NUS), measures price movements of private non-landed residential properties in Singapore. Specifically, the index tracks a basket of 759 private residential projects that were completed between October 2003 and September 2021.
IREUS’ report for the June SRPI data also analysed the resale volume of non-landed resale private residential properties broken down by Singaporean, Singapore permanent residents (PRs) and foreign buyers.
On average, Singaporeans bought some 74% of non-landed homes in the resale market in the past 12 months. Singapore PRs purchased 21%, while foreigners bought about 4% over the same period.
In June, foreign buyers account for 14 resale condo units, down 61.1% m-o-m. The number of private residential properties purchased by Singapore PRs in the resale market fell 20.6% m-o-m in June, while for Singaporeans it fell 24.2% m-o-m.
More at: https://www.edgeprop.sg/property-news/non-landed-private-residential-price-index-falls-07-june-nus-srpi-flash-estimate
July 27, 2023
The Institute of Real Estate and Urban Studies (IREUS) has released the Singapore Residential Price Index (SRPI) for the month of June. Flash estimates indicate the overall index declined 0.7% m-o-m.
The sub-index for the Central Region (excluding small units) fell by 1.2% m-o-m in June, while the sub-index for the non-Central Region (excluding small units) decreased by 0.4% over the same period. The sub-index for small units decreased by 0.6% for the period.
The revised overall index for May was adjusted to reflect a 0.2% m-o-m increase, slightly higher than the flash estimate that indicated the index stayed flat in June.
The sub-index for the Central Region (excluding small units) in May remained the same as its flash estimate showing a fall of 0.8% m-o-m. For the non-Central Region, the sub-index was adjusted to reflect a 0.7% increase, higher than its flash estimate of a 0.4% increase m-o-m.
Meanwhile, the sub-index of small units in December 2022 was adjusted to reflect a 1.4% m-o-m increase, higher than its flash estimate of 0.9%.
The SRPI, tracked by the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore (NUS), measures price movements of private non-landed residential properties in Singapore. Specifically, the index tracks a basket of 759 private residential projects that were completed between October 2003 and September 2021.
IREUS’ report for the June SRPI data also analysed the resale volume of non-landed resale private residential properties broken down by Singaporean, Singapore permanent residents (PRs) and foreign buyers.
On average, Singaporeans bought some 74% of non-landed homes in the resale market in the past 12 months. Singapore PRs purchased 21%, while foreigners bought about 4% over the same period.
In June, foreign buyers account for 14 resale condo units, down 61.1% m-o-m. The number of private residential properties purchased by Singapore PRs in the resale market fell 20.6% m-o-m in June, while for Singaporeans it fell 24.2% m-o-m.
More at: https://www.edgeprop.sg/property-news/non-landed-private-residential-price-index-falls-07-june-nus-srpi-flash-estimate