You won't believe costs of small apartments rose this much

It's an uphill climb.

According to resale price index release by National University of Singapore's Institute of Real Estate Studies, overall prices rose 0.6% in September compared to August data. Units in the Central region, exclusive of small ones, saw price hikes of 0.4% while those in the non-Central region saw 0.9% price hikes. Small units rose 1.4% compared to August data.

The National University of Singapore (NUS) Singapore Residential Price Index Series (SRPI) is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore.

Developed by a team of researchers at IRES, the SRPI provides a resource for the development of property derivatives that would help to expand the suite of financial products offered in Singapore, particularly in the context of obtaining exposure to and managing risks associated with the real estate market. It will also complement existing property information on the state of the residential market.

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