The Business Times | 30 July 2013
AFTER rising for three consecutive months, NUS' Singapore Residential Price Index (SRPI) for Central Region (excluding small units) slipped 1.5 per cent in June over the preceding month.
The SRPI series tracks the prices of completed non-landed private homes excluding executive condominiums.
Lum Sau Kim, associate professor at the Institute of Real Estate Studies (Ires) at the National University of Singapore, attributes last month's drop in the index to a deleveraging effect arising from US Federal Reserve chairman Ben Bernanke's statement in late May of a potential tapering of the quantitative easing programme.
"From our observation, the projects that contributed to the marked decline in the Central Region index in June include Alessandrea, Visioncrest and Watermark Robertson Quay. Some of the units in these projects have been transacted multiple times over the past few years," said Assoc Prof Lum.
Lum Sau Kim, associate professor at the Institute of Real Estate Studies (Ires) at the National University of Singapore, attributes last month's drop in the index to a deleveraging effect arising from US Federal Reserve chairman Ben Bernanke's statement in late May of a potential tapering of the quantitative easing programme.
"From our observation, the projects that contributed to the marked decline in the Central Region index in June include Alessandrea, Visioncrest and Watermark Robertson Quay. Some of the units in these projects have been transacted multiple times over the past few years," said Assoc Prof Lum.
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