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

Singapore has been rated 123rd out of 1hundred 50 nations as house values in the city-state gone up by just 0.7percent year-on-year in the 3rd quart of ’20, indicated Knight Frank Global Residential Cities Index.

Provence Residence EC – developer

The PHP climbed the rating, by having its capital, Manila, putting up an almost 35% year-on-year growth in house rates.

Turkish cities Izmir (twenty eight %), Ankara (twenty seven %) along with Istanbul (twenty six percent) occupied the second, fourth and third spots, each, while Russia’s St Petersburg (nineteen %) completed the head five.

The index’s yearly progression rate escalated within 2nd quart 2020 plus third quart ’20, from 4.1 % until 4.7 percent, with eighteen cities putting up value hikes of over ten % year-on-year, matched up to sixteen percent in Q2 2020.

” Every eyes are currently on Q4 records when we may likely see higher regional differences emerge,” reported Knight Frank Research.

” EU might encounter figure growth limited during quarter four caused by recent lockdowns, preceding a more release of restrained interest in 1st quart 2021, whilst sales including prices around several parts of Asia may start to achieve traction.”


Add Comment

Your Email address will not be published

error: Content is protected !!