The NUS’s Singapore Residential Price Index (SRPI) has reflected some slightly surprising news — prices of non-landed private homes rose by 2.6%. The increase in prices was expected, but not by this much.Although 2.6% doesn’t sound like it’s a lot, just imagine: 2.6% of a $1 million condo unit works out to an increase of $26k! But yes, 2.6% is rather significant, for two reasons. Firstly, given that prices rose roughly 11.5% throughout the whole of 2010, a 2.6% increase in a month is rather substantial; December saw around a 1% increase from November. Full story
