Non-landed private home prices up 2.5% in May

Non-landed private home prices up 2.5% in May
By Jonathan Peeris | Posted: 28 June 2011 2208 hrs
 
SINGAPORE : Non-landed private home prices in Singapore continued its uptrend in May, rising 2.5 per cent from April.

The National University of Singapore's Singapore Residential Price Index (SRPI) showed that the month-on-month increase in the overall index in May was sharper than the 1.1 per cent rise the month before.

NUS's price index for properties in the central area jumped 3.5 per cent in May, while non-central properties showed a 1.7 per cent increase. These compared with March's rise of 1.0 per cent and 1.2 per cent respectively.

The SRPI is a transactions-based index that tracks the month-on-month price movements of private, non-landed residential properties in Singapore.

Compiled by the NUS Institute of Real Estate Studies, the index covers completed non-landed properties in the central and non-central regions.

- CNA/al

- wong chee tat :)