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

S’pore was ranked hundred and twenty-third over hundred and fifty nations as apartment price tags in the city-state ascended by merely 0.7% year-on-year in the third quad of 2020, revealed Knight Frank Global Residential Cities Index.

Midtown Modern – developer

The PHP crowned the ranking, by having , MNL, posting an almost 35percent year-on-year escalate in property prices.

Turkish towns Izmir (28 percent), Ankara (twenty seven %) and even Istanbul (twenty six %) took possession of the second, 3rd and 4th positions, accordingly, whilst Russia’s St Petersburg (nineteen percent) achieved the main five.

The index’s annual progression rate boosted between Q2 2020 and quart 3 ’20, starting with 4.1 % until 4.7 percent, by having eighteen cities publishing price tag increase of higher than 10 % y-o-y, matched up to sixteen percent in quarter two 2020.

” Every focus are presently on fourth quart records anytime we might possibly observe more substantial regional variants arise,” claimed Knight Frank Research.

” Europe may experience value buildup mild in quarter four because of current isolation, prior to a fresh release of constrained need in 1st quarter ’21, whilst transactions including costs in some parts of Asia might possibly begin to gain grip.”

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