Singapore ranks low in residential price growth amongst 150 countries | Singapore Business Review
, Singapore

Singapore ranks low in residential price growth amongst 150 countries

New global index placed Singapore at 123 out of 150 countries.

Residential property prices have steadily increased in Singapore in 2020 compared to 2019, but the country still ranks low in the Knight Frank Global Residential Cities Index.

According to Knight Frank Research, Singapore recorded only 0.7% price growth for residential property in Q3 2020 compared to the same period in 2019. Meanwhile, Philippines' capital Manila grabbed the top spot for YoY price growth with 34.9%.

The index placed the annual growth rate for 150 cities at an average of 4.7% in Q3 compared to 4.1% in Q2. According to Knight Frank Research, Q4 data may see greater regional variations emerge with Europe moderating price growth due to recent lockdowns before a further release of pent up demand in Q1 2021, whilst sales and prices in some parts of Asia may start to gain traction.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Singapore Business Review in your inbox
The London Metal Exchange is the biggest marketplace for industrial metals in the world. DBS has started commodity trading on the London Metal Exchange (LME) on the back of rising global metal prices, according to a Reuters report. DBS is the first Asian bank to be issued bourse membership registered outside London. “Metals are an essential enabler to achieve a sustainable future, and as global demand for the commodity continues to grow exponentially, so will expectations on the industry's sustainability standards," said DBS' Group Head of Institutional Banking, Tan Su Shan. As one of the cour current LME Category 4 members, DBS can trade for its own account and on behalf of its clients, but without a clearing ability.
The company has obtained a private equity fund manager status in China.
The Singapore economy expects a strong rebound but the outlook still remains uncertain.
This includes improvement in cloud and application services.
Total securities trading value rose by 12% last month.
But the Lion City is still king in the Asia Pacific region
The global number of millionaires could go over 84 million in the next five years.
Office transactions have picked up to $971.81m or 24.2% of total investment sales.
Keppel DC REIT saw the sharpest decline during Wednesday's trading, with a 0.78% drop.
Core inflation increased 0.8% year-on-year.
SGX trading activities will get a boost if the listings fall through.
The time spent upskilling during the first quarter of the year increased 47% year-on-year.
eRemit Singapore is also expanding its remittance services to a business audience.
This US$25m transaction, priced off SOFR Averages, is a significant industry milestone as the global Interbank Offered Rate (IBOR) transition gathers pace.