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

S’pore has gotten listed 123rd over hundred and fifty countries as house price tags in the city-state escalated by just 0.3 less than 1% y-o-y on the third quarter of 2020, indicated Knight Frank Global Residential Cities Index.

The PHP topped the rating, with , Manila, reporting a 34.9percent year-on-year rise in house prices.

Turkish towns Izmir (twenty eight %), Ankara (27 percent) also Istanbul (twenty six %) held the second, 3rd and fourth positions, accordingly, whilst Russia’s St Petersburg (nineteen percent) accomplished the lead 5.

The index’s yearly progression rate rose between Q2 2020 plus 3rd quart 2020, from 4.1 percent towards 4.7 percent, by having eighteen cities posting rate increase of higher than 10 percent y-o-y, compared to 16 in Q2 ’20.

Avenue South Residence – developer

” Every focus are now on quarter 4 data when we probably experience higher regional variations arise,” shared Knight Frank Research.

” EU probablies observe value advancement controlled in fourth quarter as a result of previous isolation, ahead of a future release of constrained need in 1st quarter 2021, whilst sales and rates around several parts of Asia may likely open to acquire grip.”

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