Singapore ranks 11th in Prime Global Cities Index

The index revealed a gradual improvement in global prime residential price growth.

Singapore landed 11th in Knight Franks’ 2024 Prime Global Cities Index based on its 5% year-on-year and 2.4% quarter-on-quarter growth.

Whilst it marks an uptick from the previous quarter, it remains below the 20-year long-run average of 5.3%.

The index also revealed a gradual improvement in global prime residential price growth, with the annual rate reaching 3.2%.

Markets like Singapore and Australia continue to play significant roles in the luxury real estate market, attracting investors with stable markets and promising long-term returns.