Er, what is the SRPI?

http://www.straitstimes.com/Invest/S...ry_513073.html

Apr 11, 2010

FINANCIAL QUOTIENT

Er, what is the SRPI?


Where do you see this?

In newspaper reports and on the website of the National University of Singapore (NUS).

What does it mean?

The SRPI stands for the Singapore Residential Price Index.

Formulated by the Institute of Real Estate Studies at NUS, it tracks prices of completed private non-landed homes monthly. It is updated on the 28th of each month.

Why is it important?

The SRPI will provide owners, investors, banks and property watchers with another source of price data.

Currently, the only other residential price index for private homes is the quarterly one by the Urban Redevelopment Authority.

Experts have said that the SRPI will be a timely source of information in a volatile market. Also, it can potentially be used for risk management through the development of products such as property derivatives.

Senior Minister of State for National Development Grace Fu, who launched the SRPI last month, said that such derivatives may be one way for real estate developers, asset managers, banks and investors to hedge their property exposure.

So you want to use the term. Just say..

'Resale prices are rising but not as quickly as you may think. Just check out the SRPI.'

Joyce Teo