Estate website 99.co and Singapore Real Estate Joint Transaction Network (SRX) released estimates on Wednesday (May 28) showed that the overall non-land private home resale price index was 270.4, higher than the last January peak of 267.5.
The National University of Singapore Institute of Real Estate and Urban Studies (IREUS), which released its estimated data on the same day, also showed an upward trend, with the non-landed private home price index (NUS SRPI) slightly rising by 0.4%.
The prices of resale private homes in various regions have risen slightly. Resale prices representing the Central District increased by 0.2% month-on-month. Resale prices representing non-central districts rose by 0.4% month-on-month, while resale prices for small apartments rose by 0.5%.
The resale prices of private homes in various regions have increased across the board. Resale private homes in other central districts (RCRs) representing mid-range private homes had the highest month-on-month increase, reaching 2.4%. The resale price increase of the core central district (CCR) private houses representing high-end private houses and private houses outside central district (OCR) private houses representing popular private houses also increased by 1.3%.
The prices of local resale apartments rebounded again after falling for two consecutive months, and private homes resale rose by 1.9% month-on-month in May.