Singapore ranks 11th globally as prime home prices rise

The index revealed that average annual growth among all cities fell to just 2.3%, the weakest since late 2023. 

Singapore’s prime residential market posted a 5.1% YoY increase in home prices for Q2 2025, placing the city-state 11th globally among 46 major markets tracked by Knight Frank’s latest Prime Global Cities Index.

On a quarterly basis, prime prices in Singapore rose 2.3%, indicating a notable rebound even as global luxury property markets lost momentum.

The index, which monitors top-tier residential values across the globe, revealed that average annual growth among all cities fell to just 2.3%, the weakest since late 2023. Rising borrowing costs and delayed interest rate cuts have slowed price gains in many leading markets.

Asian cities continue to lead the global rankings, with Seoul (+25.2%) and Tokyo (+16.3%) taking the top spots. Still, Singapore's solid showing placed it ahead of cities like Los Angeles (+3.9%), London (-2.5%), and Hong Kong (-14.3%).