Chart of the Day: Resale condo prices rose 0.2% in April

The 1.4% price growth in the central region countered the decline in the non-central region.

This chart from the National University of Singapore showed that resale condo prices grew 0.2% in April after remaining flat in March.

The price hike was mainly driven by the 1.4% price increase in the central region, as compared to the 0.1% recorded in the prior month.

However, this was countered by price declines in the non-central region and units measured 506 sqft or below to 0.6% and 0.4% respectively. Prices in the non-central region further contracted from the 0.1% decline it showed in March.

The central region sub-basket comprises properties within the overall SRPI basket located in Postal Districts 1 through 4 and 9 through 11 whilst properties in the other postal districts are in the non-Central region sub-basket.