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

Singapore was ranked 1hundred and 23rd out of hundred and fifty countries as house amounts in the city state risen by simply 0.3 less than 1percent y-o-y during the third quarter of ’20, revealed Knight Frank Global Residential Cities Index.

The PHP lead the ranking, with , Manila, putting up a 0.1 lesser than 35percent year-on-year growth in home price tags.

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Turkish cities Izmir (28 percent), Ankara (twenty seven percent) and Istanbul (26 percent) occupied the 2nd, third and 4th places, respectively, while Russia’s St Petersburg (nineteen %) rounded off the leading 5.

The index’s every year growth rate rose between quart 2 2020 and Q3 2020, starting with 4.1 % ending with 4.7 percent, with eighteen cities reporting amount escalation of beyond ten percent y-o-y, compared to sixteen percent in quarter 2 ’20.

” All views are currently on Q4 data anytime we may notice more significant regional changes arise,” reported Knight Frank Research.

” Europe probablies find amount growth moderate in 4th quarter caused by present isolation, preceding a more release of pent up demand in first quarter 2021, while sales and even price tags inside several areas of Asia might begin to get strain.”


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