Singapore completed non-landed private homes recorded price increases of 0.4% in February 2016, according to NUS Singapore Residential Price Index (SRPI) new flash estimates.
The revised data showed a slightly increase, seeing the 0.2% growth in the month before.
Not including small units, prices of non-landed private homes in the central region increased by 0.5% last month, compared last January with 0.6 percent drop. While for non-central region prices climbed by 0.3%, after the 0.9% increase on the previous month.
Moreover, prices of small size units with measure 506 sq ft or below drop by 1.1% last February, after posting a previous increased of 0.2 percent.
Private homes are properties developed by private developers. Approximately 80% of Singapore resident households live in public housing units developed and sold by the government. Private homes are actually more expensive compared to public housing units.
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