Prices of Singapore's resale private homes up 1.9% in April

The overall Singapore Residential Price Index (SRPI) showed on Tuesday that the city-state' s private resale home prices in April rose by 1.9 percent on month, faster than the 1.1 percent increase in March. All of the sub-indexes saw rise in April. The index covering non-central resale private homes excluding small units increased most sharply by 2.4 percent, reversing the 0.2 percent drop in March, while prices in central region excluding small units climbed by 1.3 percent. Meanwhile, small units which have floor area of 506 square feet and below, or shoebox apartments, saw a growth of 1.8 percent during the same period, following a monthly rise of 0.8 percent in March. The SRPI is monthly published by the Institute of Real Estate Studies in National University of Singapore.