Private condo resale prices remained flat in August, reveals NUS index

The overall SRPI value is 151.8.

The resale prices of private non-landed residential properties remained flat in August, the National University of Singapore’s Singapore Residential Price Index revealed today.

The SRPI Index was also flat in July. Resale prices of private condominiums in the Central District were unchanged at 139.5, while the SRPI index in non-central regions inched up by a very marginal 0.1% to 164.2.

Currently, SRPI indexes are published in the form of value-weighted indexes. The SRPI is the index for the overall non-landed residential market in Singapore based on the whole SRPI property basket. Two sub-indexes are also produced for the Central and non-Central regions.

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