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

Singapore was ranked 123rd among 150 countries as house prices in the city-state climbed by just 0.3 less than 1% y-o-y during the 3rd quart of ’20, revealed Knight Frank Global Residential Cities Index.

The PHP tipped the positioning, with its capital, MNL, publishing a 34.9% y-o-y escalate in apartment costs.

Turkish cities Izmir (twenty eight percent), Ankara (twenty seven percent) together with Istanbul (twenty six percent) obtained the 2nd, third and fourth spots, respectively, whilst Russia’s St Petersburg (19 percent) finished the leading five.

Midtown Bay – developer

The index’s yearly growth rate grew between Q2 2020 and third quart 2020, from 4.1 % until 4.7 percent, by having eighteen cities putting up price intensification of beyond ten percent y-o-y, reviewed to sixteen percent in quarter two ’20.

” All focus are presently on Q4 records the moment we may experience higher regional variations appear,” reported Knight Frank Research.

” EU probablies identify price tag progression limited on fourth quarter due to latest isolation, before a future release of pent up need in Q1 2021, at the same time deals including rates around several parts of Asia may start to acquire grip.”

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