Private housing resale prices up 1% from the 1.2% m-o-m growth recorded in June

The Singapore Residential Price Index (SRPI) rose by 1% per month in July, but it slowed down over that 1.2% m-o-m growth recorded in June Based on estimates from flash data that were released on the 29th of August.

Lentor Hills Residences condo price is equivalent to S$1 060 per square foot per plot ratio (psf ppr).

The SRPI which is monitored by the Institute of Real Estate and Urban Studies (IREUS) located at NUS. National University of Singapore (NUS) is a measure of price fluctuations of residential private properties located in Singapore. In particular, the index tracks 759 residential residential projects owned by private individuals which were completed between the month of October 2003 between September 2021 and October 2003.

Prices for properties which exclude small units and small units, across each of the Central and non-Central regions have seen m-o-m growth. The most desirable properties located in central areas of the Central region, which are located within Districts 1, 4, and 9-11 and 9 through 11, recorded a one% increase m-o-m during July, less then those who saw a 1.9% increase recorded in June. However, properties in non-Central areas were able to record an 1.1% increase m-o-m, more that those who experienced 0.8% growth logged the prior month.

In contrast, the prices of small properties were able to record an 0.6% increase m-o-m in July, in contrast with an increase of 0.1% 0.7% increase that was recorded in June. IREUS define small units as those with the floor area of 506 square feet or less.