NUS Singapore Residential Price Index (SRPI)
Introduction
The National University of Singapore (NUS) Singapore Residential Price Index Series (SRPI) is a transactions-based index that tracks the month-on-month price movements of private non-landed residential properties in Singapore. Developed by a team of researchers at IREUS, the SRPI provides a resource for the development of property derivatives that would help to expand the suite of financial products offered in Singapore, particularly in the context of obtaining exposure to and managing risks associated with the real estate market. It will also complement existing property information on the state of the residential market.
Currently, SRPI indexes are published in the form of value-weighted indexes. The SRPI is the index for the overall non-landed residential market in Singapore based on the whole SRPI property basket. Two sub-indexes are also produced for the Central and non-Central regions. The Central region sub-basket comprises properties within the overall SRPI basket located in Postal Districts 1 through 4 and 9 through 11 while properties in the other postal districts are in the non-Central region sub-basket.
The NUS SRPI basket is updated biennially. The latest version will be effective for NUS SRPI coverage from February 2026. Please refer to the attachment for more details. Thank you!
NUS SRPI Basket Update - Press Release 30 March 2026
Annual White Paper 2025
An overview of the non-landed private residential market in 2025.
SPRI Annual White Paper 2025
May 2026 Flash SRPI Values
(Reflective of transactions received as at 19 June 2026)
April 2026 Revised SRPI Values
| SRPI Basket as at December 2025 | Index Value (Mar 2009= 100) |
Month-on-month change |
| SRPI Overall | 196.0 | -0.2% |
| SRPI Central (excluding small units) | 164.1 | 0.3% |
| SRPI Non-Central (excluding small units) | 226.4 | -0.3% |
| SRPI Small Units | 198.9 | -0.8% |
(Reflective of transactions received as at 19 June 2026)
With effect from 28 July 2011, IREUS will publish the overall SRPI, two regional sub-indices that exclude small units and a small unit sub-index. A small unit has floor area of 506 square feet or below.
With effect from January 2013, IREUS will publish the SRPI chart using March 2009 as the base period. The SRPI and its sub-indices bottomed then and this change better reflects the movement in price.
NUS SRPI Historical Data
SRPI White Paper 24th Mar 2010
Enquiry irszx@nus.edu.sg