Condominium prices in Central Area fare better

Latest data from the National University of Singapore (NUS) provides just one more piece of evidence of greater cost resilience of late in non-landed private homes in perfect locations in contrast to other sections.

June expensive estimates because of its Singapore Home Price Index (SRPI) series – which usually tracks prices of completed private flats and condos – demonstrated that the subindex for Central Region (excluding small units) has climbed 0. 7 per cent month on month.

This even comes close with a 0. 4 per cent rise in the subindex pertaining to Non-Central Area (excluding small units) and a 0. 2 per cent gain in the subindex pertaining to small products of up to 506 square feet islandwide over the same period. The entire SRPI was up 0. 6 per cent.

The Central Region is defined as Districts 1-4 (including the financial region and Sentosa Cove) and the traditional key residential canton of on the lookout for, 10 and 11 by NUS’s Commence of Real estate investment Studies, which will minted the SRPI series.

Based on the revised index values to find May 2016, the Central Region subindex fell zero. 6 percent month in month.

Even now, this was less space-consuming than the lessens of one percent in the Central Region, 1 ) 1 percent for tiny units islandwide and zero. 9 percent in the total index.

Researching the latest Summer 2016 show estimates against a year ago, the same trend comes forth. The 1 ) 8 percent contraction inside the Central Place subindex was smaller than the falls of two. 9 percent in noncentral Region, 5. 1 percent for tiny units islandwide and installment payments on your 4 percent in the total index.

Eugene Lim, vital executive expert at AGE Realty Network, commented: “Luxury properties have observed increased require from clients in recent months, simply because buyers look for ways to invest to find the long run.

“Given our luxury asset market was depressed long, it has become even more attractively listed vis-a-vis different major locations. “