Singapore Ranked 123rd, Out Of 150 Countries For Residential Price Growth
S’pore was listed hundred and twenty-third over 1hundred 50 nations as residential property figures in the city state soared by merely 0.7% y-o-y at the third quad of 2020, indicated Knight Frank Global Residential Cities Index.
The Philippines head the ranking, with its capital, Manila, publishing a 34.9% year-on-year rise in house prices.
Turkish cities Izmir (28 %), Ankara (twenty seven %) as well as Istanbul (twenty six percent) obtained the 2nd, third and fourth standings, respectively, whilst Russia’s St Petersburg (nineteen %) wrapped up the lead five.
The index’s annual growth rate heightened within quart two 2020 and 3rd quarter 2K20, from 4.1 % ending with 4.7 percent, with eighteen cities reporting rate escalation of over ten percent year-on-year, reviewed to sixteen percent in quarter two 2K20.
” All point of views are now on quarter 4 information anytime we may likely notice better regional variations arise,” shared Knight Frank Research.
” EU may likely observe price growth controlled during Q4 due to latest curfew, before an additionally release of pent up interest in quarter 1 2K21, whilst transactions including price tags in some parts of Asia might open to gain strain.”