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

Singapore was ranked hundred and twenty-third out of 1hundred 50 countries as house prices in the city-state escalated by just 0.3 less than 1% y-o-y in the third quart of 2K20, presented Knight Frank Global Residential Cities Index.

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The Philippines crowned the rating, with , MNL, posting a 34.9percent year-on-year surge in apartment costs.

Turkish towns Izmir (28 %), Ankara (twenty seven %) as well as Istanbul (26 %) obtained the 2nd, 4th and 3rd positions, respectively, whereas Russia’s St Petersburg (19 %) accomplished the lead five.

The index’s annual growth rate heightened within Q2 2020 plus Q3 ’20, from 4.1 percent towards 4.7 %, by having 18 cities reporting price intensification of more than 10 percent y-o-y, contrasted to 16 in 2nd quart 2020.

” Every point of views are presently on quarter 4 records when we may see more significant regional differences arise,” reported Knight Frank Research.

” Europe may likely come across rate advancement conservative during 4th quarter because of current isolation, ahead of a further launch of constrained demand in quart 1 ’21, while deals and also figures around a few areas of Asia may likely begin to achieve grip.”

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