{"id":1186,"date":"2019-06-14T09:12:59","date_gmt":"2019-06-14T09:12:59","guid":{"rendered":"http:\/\/ireus.nus.edu.sg\/?page_id=1186"},"modified":"2025-02-28T01:42:08","modified_gmt":"2025-02-28T01:42:08","slug":"srpi","status":"publish","type":"page","link":"https:\/\/ireus.nus.edu.sg\/publications\/real-estate-market-indexes\/singapore-residential-price-index-srpi\/srpi\/","title":{"rendered":"SRPI"},"content":{"rendered":"\n\n\t<p><strong>US Singapore Residential Price Index (SRPI)<\/strong><\/p>\n<p><strong>Introduction<\/strong><\/p>\n<p>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.\u00a0 It will also complement existing property information on the state of the residential market.<\/p>\n<p>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.<\/p>\n<p><em>The NUS SRPI basket is updated biennially. We have just revised it and the latest version will be effective for NUS SRPI coverage from February 2024. Please refer to the attachment for more details. Thank you!<\/em><\/p>\n<p><a href=\"https:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2024\/04\/NUS-SRPI-Basket-Update-Press-Release-1-April-2024.pdf\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2019\/05\/833px-PDF_file_icon.svg_-244x300.png\" alt=\"\" width=\"40\" height=\"49\" \/><\/a> NUS SRPI Basket Update &#8211; Press Release 1 April 2024<\/p>\n<p><strong>Annual White Paper 2023<\/strong><\/p>\n<p><a href=\"https:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2024\/04\/NUS-SRPI-Annual-Whitepaper-2023.pdf\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2019\/05\/833px-PDF_file_icon.svg_-244x300.png\" alt=\"\" width=\"40\" height=\"49\" \/><\/a> SPRI Annual White Paper 2023<\/p>\n<p><em>An overview of the non-landed private residential market in 2023, with an analysis on the impact of the April 2023 property cooling measures.<\/em><\/p>\n<p><strong>January 2025\u00a0Flash SRPI Values<\/strong><\/p>\n<table border=\"0\" cellspacing=\"3\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>SRPI Basket as at December 2023<\/strong><\/td>\n<td><strong>Index Value<br \/>\n(Mar 2009= 100)<\/strong><\/td>\n<td><strong>Month-on-month change<\/strong><\/td>\n<\/tr>\n<tr>\n<td>SRPI Overall<\/td>\n<td>192.3<\/td>\n<td>1.3%<\/td>\n<\/tr>\n<tr>\n<td>SRPI Central (<i>excluding small units<\/i>)<\/td>\n<td>161.5<\/td>\n<td>1.4%<\/td>\n<\/tr>\n<tr>\n<td>SRPI Non-Central (<i>excluding small units<\/i>)<\/td>\n<td>221.5<\/td>\n<td>1.2%<\/td>\n<\/tr>\n<tr>\n<td>SRPI Small Units<\/td>\n<td>198.1<\/td>\n<td>1.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>(Reflective of transactions received as at 21 February 2025)<\/p>\n<p>&nbsp;<\/p>\n<p><strong>December 2024\u00a0Revised SRPI Values<\/strong><\/p>\n<table border=\"0\" cellspacing=\"3\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>SRPI Basket as at December 2021<\/strong><\/td>\n<td><strong>Index Value<br \/>\n(Mar 2009= 100)<\/strong><\/td>\n<td><strong>Month-on-month change<\/strong><\/td>\n<\/tr>\n<tr>\n<td>SRPI Overall<\/td>\n<td>189.9<\/td>\n<td>0.5%<\/td>\n<\/tr>\n<tr>\n<td>SRPI Central (<i>excluding small units<\/i>)<\/td>\n<td>159.3<\/td>\n<td>0.3%<\/td>\n<\/tr>\n<tr>\n<td>SRPI Non-Central (<i>excluding small units<\/i>)<\/td>\n<td>218.8<\/td>\n<td>0.6%<\/td>\n<\/tr>\n<tr>\n<td>SRPI Small Units<\/td>\n<td>195.6<\/td>\n<td>0.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>(Reflective of transactions received as at 21 February 2025)<\/p>\n<p><i>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.<\/i><\/p>\n\t<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2025\/02\/SRPI_20250228.png\" alt=\"\" width=\"888\" height=\"557\" \/><\/p>\n<p><i>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.<\/i><\/p>\n<p><a href=\"https:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2025\/02\/NUS-SRPI-Historical-Data.pdf\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2019\/05\/833px-PDF_file_icon.svg_-244x300.png\" alt=\"\" width=\"40\" height=\"49\" \/><\/a> NUS SRPI Historical Data<\/p>\n<p><a href=\"http:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2019\/06\/SRPI_White_Paper_24Mar2010_pdf.pdf\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ireus.nus.edu.sg\/wp-content\/uploads\/2019\/05\/833px-PDF_file_icon.svg_-244x300.png\" alt=\"\" width=\"40\" height=\"49\" \/><\/a> SRPI White Paper 24th Mar 2010<\/p>\n<p><strong>Enquiry<\/strong>\u00a0<a href=\"mailto:NUS_SRPI@nus.edu.sg\">NUS_SRPI@nus.edu.sg<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>US 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 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/ireus.nus.edu.sg\/publications\/real-estate-market-indexes\/singapore-residential-price-index-srpi\/srpi\/\"> <span class=\"screen-reader-text\">SRPI<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"parent":1143,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/pages\/1186"}],"collection":[{"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/comments?post=1186"}],"version-history":[{"count":17,"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/pages\/1186\/revisions"}],"predecessor-version":[{"id":7550,"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/pages\/1186\/revisions\/7550"}],"up":[{"embeddable":true,"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/pages\/1143"}],"wp:attachment":[{"href":"https:\/\/ireus.nus.edu.sg\/wp-json\/wp\/v2\/media?parent=1186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}