Singapore Ranked 123rd, Out Of 150 Countries For Residential Price Growth

S’pore was placed 123rd out of 1hundred 50 countries as house costs in the city-state escalated by just 0.7% y-o-y on the third quarter of 2K20, showed Knight Frank Global Residential Cities Index.

The PHP tipped the chart, with , Manila, publishing a 34.9percent y-o-y hike in house price tags.

Turkish cities Izmir (28 percent), Ankara (twenty seven percent) as well as Istanbul (26 percent) occupied the 2nd, fourth and third positions, accordingly, while Russia’s St Petersburg (nineteen percent) rounded off the head five.

Forett at Bukit Timah – developer

The index’s every year progression rate intensified within quarter 2 2K20 plus quarter 3 2K20, from 4.1 percent ending with 4.7 percent, with 18 cities publishing price tag hikes of over 10 percent year-on-year, matched up to sixteen percent in Q2 ’20.

” All focus are presently on fourth quart data anytime we might find better regional changes appear,” claimed Knight Frank Research.

” Europe probablies experience price buildup mild in 4th quart because of most recent curfew, prior to a more debut of pent up requirement in quarter 1 2021, whilst deals including prices in some parts of Asia probably start to receive grip.”

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