In January, the non-landed private residential price index is unchanged
The Institute of Real Estate and Urban Studies (IREUS) has published its Singapore Residential Price Index (SRPI) for the month of January. The flash estimates show that the index was unchanged, and there were no changes in the month prior.
A sub-index of the Central Region (excluding small units) was up to 0.6% m-o-m in January The sub-index for the region that is not Central (excluding tiny units) declined in 0.3% over the same time period. The sub-index for small units fell to 0.5% for the period.
The overall index revised of December 2022 had been adjusted in order to show an 0.7% m-o-m increase, little more than the estimate for flash that was 0.5%.
The sub-index that was revised of the Central Region (excluding small units) was adjusted to reflect the 0.3% increase m-o-m in December 2022. This is more than the flash estimate of 0.1% increase. For the region that is not Central, this sub-index has been adjusted in order to show the 0.9% increase, higher than the flash estimation of a 0.7% increase.
The sub-index of smaller units for December 2022 has been adjusted in order to show the 1.4% m-o-m increase, more than the forecast that was 0.9%.
The SRPI is tracked by the Institute of Real Estate and Urban Studies (IREUS) located at NUS. National University of Singapore (NUS) tracks price changes of private residential non-landed properties within Singapore. The index is primarily based on 759 private residential developments which were completed between the month of October 2003 between September 2021 and October 2003.