Fall in price for resale private home in Singapore

Following years of increase in the Singapore property market, the price of flat has once again fallen by another 1%. This is after several policy set by the Singapore government to curb rising cost of buying a flat in Singapore.

This is definately good news for the singles out there whom are looking to get married and own their personal home soon:


Resale prices of private homes fall further 1% in April PUBLISHED: MAY 28, 1:35 PM SINGAPORE — Resale prices of completed non-landed private homes continued to fall last month, according to Singapore Residential Price Index (SRPI) flash estimates released today (May 28), with the sharpest declines seen in non-central areas. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices decreased by 1 per cent in April compared with the previous month, slowing from the revised 1.4 per cent decline in March. Prices of homes in the non-central region, excluding small units, led the decline, falling by 2 per cent last month, compared to the 1.1 per cent drop in March, the SRPI data showed. However, prices of homes in the central region stayed flat after falling 1.8 per cent in March.