Chart of the day: Check out slipping residential price index in August

Private condo prices dipped 0.6%.

Price corrections in the city-state’s housing market are not over yet as prices of completed private apartments and condominiums pulled back to contraction in August, following a modest increase in July.

According to National University of Singapore's August 2016 flash estimate of Overall Singapore Residential Price Index (SRPI), the price contraction of 0.6% this month is a huge drop in contrast from the hopeful 0.3% gain the previous month.

The prices for non-central units saw the biggest contraction this month at 0.9%.

SRPI for small units crawled back to a 0.1% contraction after reflecting a flat growth in July.

Meanwhile, after gaining a 0.6% expansion in July, index for central units maintained a flat growth in August.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley