Completed condo prices dipped 0.5% in July

It was led by the 0.7% price slip for units in the non-central region.

Completed condo prices slipped 0.5% MoM in July, according to the National University of Singapore (NUS) Singapore Residential Price Index (SRPI).

The study found that transactions in the non-central region led the declines at 0.7% MoM. Unit prices in the central region comprising of districts 1 to 4 and 9 to 11 dipped 0.2% whilst SRPI for small units fell 0.6%.

According to NUS, the index was reflective of transactions received as of 21 August.

In June, overall completed condo prices slipped 0.7% MoM with units from non-central region leading the price drop at 0.8%. Prices of condos located in the central region slipped 0.6% whilst small unit prices fell 0.7%.