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

SGP was positioned 123rd out of hundred and fifty nations as apartment amounts in the nation increased by merely 0.3 less than 1% y-o-y during the third quart of 2020, revealed Knight Frank Global Residential Cities Index.

The Philippines head the ranking, with its capital, MNL, publishing a 34.9% y-o-y growth in home values.

19 Nassim – developer

Turkish cities Izmir (twenty eight %), Ankara (twenty seven %) and also Istanbul (twenty six %) obtained the 2nd, 3rd and 4th spots, accordingly, while Russia’s St Petersburg (nineteen %) rounded off the head 5.

The index’s yearly growth rate escalated within Q2 ’20 plus Q3 2K20, from 4.1 % to 4.7 percent, by having eighteen cities publishing rate increase of over 10 percent year-on-year, compared to 16 in Q2 2K20.

” Every eyes are now on fourth quarter details anytime we might experience better regional differences appear,” claimed Knight Frank Research.

” Europe might find value advancement mild in Q4 because of present isolation, before a future release of pent up interest in Q1 ’21, while deals and figures around a few parts of Asia might begin to acquire resistance.”

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