The full article is published in The Straits Times, Business Section, Page C1, 31 July 2018.
Prices of completed non-landed private homes increased 0.7 per cent month-on-month in June, with 0.4 per cent increase in prices for apartments, excluding small units, in the central region, and 0.8 per cent price increase outside the central region.
Prices for small units, which are defined as sizes no bigger than 506 square feet, maintained a 1.1 per cent increase.
One possible reason for the faster increase for small units compared with the other price indices was a marginal rise in the proportion of small resale units transacted, from 6.9 per cent of overall resale property volume in May to 7.1 per cent last month, said ZACD Executive Director and Chief Investment Officer, Nicholas Mak.
“This increase in demand could have supported the price growth in June,” he noted. “Furthermore, for three consecutive months from March to May 2018, the growth rate of the Singapore Residential Price Index (SRPI) small units was lower than that of the overall SRPI. In June 2018, the growth rate of the SRPI small units finally caught up.”
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A version of this article is also published in Lianhe Zaobao, Finance Section, Page 26, 31 July 2018, with the headline ‘国大预估数据显示 新一轮降温措施出台前 楼市已有冷却迹象’ Click here to read the Chinese article.