Prices of completed private apartments and condominiums in Singapore fell month-on-month again in Feb, retreating 0.5 per cent from the previous month after Jan’s 0.2 per cent decline. The figures are flash estimates released on Thurs by NUS for its SRPI, which tracks prices of completed non-landed private homes. The decline was driven by a 1.5 per cent decrease in prices for apartments in the central region, excluding small units. In Jan, the decline was 0.4 per cent. However, prices of apartments in the non-central region, excluding small units, rose 0.2 per cent in Feb to reverse a 0.1 per cent slip in Jan. Prices of small units, defined as units which are no bigger than 506 sqft, fell 0.2 per cent, after a 0.7 per cent decline in Jan. Year-to-date, overall prices are down 0.7 per cent. Prices of larger apartments in the central region declined 1.9 per cent, while prices in the non-central region rose 0.1 per cent. Prices of small units also dropped 0.9 per cent. On a year-on-year basis, prices in Feb 2019 gained 1.1 per cent.... Continue Reading