SRPI: Resale prices up 1.9% in April

Resale prices of private homes in Singapore rose at a faster rate of 1.9% in April, compared to the previous month's 1.1% price increase.

The Singapore Residential Price Index (SRPI) flash estimates were published by the Institute of Real Estate Studies at the National University of Singapore on Tuesday.

The price increase was led by private homes outside the central region, which rose 2.4% in April, reversing the 0.2% drop in March.

Prices of small units, defined as 506sqft and below, also trended upwards from 0.8% in March to 1.8% last month.

Meanwhile, resale homes in the central region bucked the trend as price growth moderated.

The SRPI for homes in the central area rose 1.3% in April, down from the 2.8% increase seen in March.

Source: Channel News Asia