SINGAPORE, May 29 (Xinhua) -- Resale prices of Singapore's private homes declined 0.6 percent month on month in April, following a 0.8-percent rise in March, according to flash estimates released by the National University of Singapore's Institute of Real Estate Studies (IRES) on Monday.
Singapore Residential Price Index (SRPI) showed resale prices of private homes in the central region, excluding small units, fell 0.5 percent month on month. While in the non-central region, resale prices fell by 0.7 percent.
As for small units, which have a floor area of up to 506 square feet, resale prices went up 0.7 percent in April, compared to the previous month.
Private homes are those developed by private developers. About 80 percent of the resident households in Singapore live in public housing units built and sold by the government. The private homes are typically more expensive than public housing units.
