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

S’pore was listed 1hundred and 23rd among 150 nations as apartment costs in the city state gone up by just 0.7percent year-on-year at the 3rd quart of ’20, presented Knight Frank Global Residential Cities Index.

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The PHP crowned the chart, by having , Manila, reporting a 0.1 lesser than 35percent year-on-year escalate in apartment figures.

Turkish towns Izmir (28 %), Ankara (twenty seven %) together with Istanbul (twenty six %) held the 2nd, third and 4th spots, each, whereas Russia’s St Petersburg (19 percent) accomplished the leading 5.

The index’s every year progression rate heightened between quart 2 ’20 and 3rd quart 2020, starting with 4.1 % ending with 4.7 %, with eighteen cities reporting figure escalation of higher than 10 percent y-o-y, contrasted to 16 in second quart 2K20.

” All views are now on fourth quart information when we may see more significant regional changes arise,” claimed Knight Frank Research.

” EU may come across figure growing controlled on Q4 because of most recent lockdowns, ahead of a fresh launch of pent up interest in quart one 2K21, while deals and also prices inside several parts of Asia may likely start to gain strain.”

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