The rise was driven by a 1.4% increase in prices for apartments in the central region, excluding small units. In March, prices in the location had edged up 0.1%.
However, prices of apartments outside the central region, excluding small units, fell 0.6% in April following a 0.1% dip in March.
The NUS Institute of Real Estate Studies, which developed the SRPI series, defines the central region as Districts 1 to 4 (including the financial district and Sentosa Cove) and the traditional prime residential districts of 9, 10 and 11.
– May 28, 2019