{"id":100764,"date":"2018-11-01T11:31:12","date_gmt":"2018-11-01T04:31:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-surpasses-hk-in-luxury-home-price-growth\/"},"modified":"2018-11-01T12:03:24","modified_gmt":"2018-11-01T05:03:24","slug":"singapore-surpasses-hk-in-luxury-home-price-growth","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-surpasses-hk-in-luxury-home-price-growth\/","title":{"rendered":"Singapore surpasses HK in luxury home price growth"},"content":{"rendered":"


\nView of luxury apartments in Singapore.
\nPrices of high-end residential properties in Singapore, such as luxury condos, increased by 13.1 percent on an annual basis during the third quarter of 2018 due to bullish market sentiment in the first half of the year and a limited supply of such properties, according to Knight Frank\u2019s latest Prime Global Cities Index report.
\nThe republic saw the world\u2019s highest growth in luxury home prices in Q3 2018, while Hong Kong only landed in 14th spot with a price gain of 5.5 percent.
\nMore: Morgan Stanley Expects Home Prices To Increase Amidst Curbs
\n\u201cSingapore and Hong Kong, Asia\u2019s two premier cities, have traded places in the last year. Both cities saw cooling measures introduced over the summer months and, although the rate of annual price growth in Hong Kong has already slowed, Singapore may not be far behind with its quarterly growth weakening to 1.7 percent in the third quarter of 2018,\u201d said property consultancy Knight Frank.
\nMeanwhile, Edinburgh took second spot with a luxury home price growth of 10.6 percent, followed by Madrid (10.1 percent), San Francisco (9.5 percent) and Tokyo (8.6 percent).<\/p>\n

Overall, Knight Frank\u2019s Prime Global Cities Index edged by only 2.7 percent year-on-year in Q3 2018. While this marked the index\u2019s weakest performance in annual terms for nearly six years, 74 percent of the 43 cities covered by the index posted annual growth in luxury home prices.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore surpasses HK in luxury home price growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of luxury apartments in Singapore. Prices of high-end residential properties in Singapore, such as...<\/p>\n","protected":false},"author":1,"featured_media":100765,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/11\/Knight-Frank-Global-Residential-Cities-Index-Q3-2018.jpg?fit=846%2C556&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qde","jetpack-related-posts":[{"id":105393,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-luxury-home-prices-up-7-7-in-2018\/","url_meta":{"origin":100764,"position":0},"title":"Singapore luxury home prices up 7.7% in 2018","date":"March 26, 2019","format":false,"excerpt":"\r Singapore registered the third highest increase in prime residential prices at 7.7 percent, behind Berlin and Shanghai. Prime residential prices across the world\u2019s key cities eased significantly to just 0.4 percent during the second half of 2018, but overall increased by 2.3 percent across 2018, revealed Savills\u2019 world cities\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-luxury-home-prices-up-11-5-percent-in-first-half-2018\/","url_meta":{"origin":100764,"position":1},"title":"Singapore luxury home prices up 11.5 percent in first half 2018","date":"September 7, 2018","format":false,"excerpt":"\r View of luxury apartments in Singapore. Leading the growth in luxury home prices, Singapore, along with Tokyo, bucked the trend of falling prime prices across the world, as prices of luxury homes within the city-state rose 11.5 percent in the first half of 2018, reported Singapore Business Review citing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-the-worlds-hottest-luxury-property-market-while-vancouver-ranks-worst-says-knight-frank-global-index\/","url_meta":{"origin":100764,"position":2},"title":"Singapore the world\u2019s hottest luxury property market, while Vancouver ranks worst, says Knight Frank global index","date":"October 31, 2018","format":false,"excerpt":"\r Singapore\u2019s luxury home prices have surged to become the world\u2019s fastest appreciating market globally, overtaking Hong Kong where price growth has cooled such that it no longer ranks in the top dozen cities by price momentum, according to Knight Frank LLP. Hong Kong\u2019s luxury home prices rose 5.5 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-luxury-home-prices-up-7-9-in-q2\/","url_meta":{"origin":100764,"position":3},"title":"S\u2019pore luxury home prices up 7.9% in Q2","date":"August 16, 2016","format":false,"excerpt":"\r Singapore was ranked ninth for global price growth, revealed Knight Frank\u2019s report.\u00a0 Singapore was listed ninth on Knight Frank\u2019s Prime Global Cities Index for Q2 2016, with luxury home prices increasing 7.9 percent in the year to June 2016. 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A growing number of Hong Kong investors are on the hunt for office buildings and shopping malls in Singapore with the belief that property prices in the city-state\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cooling-measures-in-hong-kong-and-singapore-what-works-what-doesnt\/","url_meta":{"origin":100764,"position":5},"title":"Cooling measures in Hong Kong and Singapore: what works, what doesn't","date":"April 25, 2018","format":false,"excerpt":"\r \u00a0 Governments in the two rival cities have poured icy water on their overheating housing markets, with contrasting results. 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