{"id":105393,"date":"2019-03-26T10:37:13","date_gmt":"2019-03-26T03:37:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-luxury-home-prices-up-7-7-in-2018\/"},"modified":"2019-03-26T12:02:43","modified_gmt":"2019-03-26T05:02:43","slug":"singapore-luxury-home-prices-up-7-7-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-luxury-home-prices-up-7-7-in-2018\/","title":{"rendered":"Singapore luxury home prices up 7.7% in 2018"},"content":{"rendered":"


\nSingapore registered the third highest increase in prime residential prices at 7.7 percent, behind Berlin and Shanghai.
\nPrime 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 prime residential index.
\nSingapore registered the third highest increase in prime residential prices at 7.7 percent, behind Berlin and Shanghai which saw prices climb nine percent and 7.9 percent respectively.
\nMore:\u00a0Here\u2019s What The World\u2019s Most Expensive Home Looks Like
\nHong Kong posted the fourth highest hike in prices at 7.3 percent, followed by San Francisco (6.9 percent), Tokyo (5.7 percent) and Shenzhen (4.8 percent).
\nNonetheless, Hong Kong remained that world\u2019s most expensive city, with prices soaring 199 percent over the last 10 years, while Singapore settled in eighth place.
\nTokyo, on the other hand, came in second, followed by New York, London, Shanghai, Sydney and San Francisco. Rounding off the top 10 list are Paris and Shenzhen.
\n\u201cWithout doubt, the world\u2019s wealthy will continue to want to hold one or more world city prime residential properties as part of their investment portfolio, both as a store of wealth and as a base for work and leisure,\u201d said Savills world research director Sophie Chick.
\n\u201cBut as cities reach maturity on the world stage there will be less potential for rocket fuelled price growth and we expect prime residential markets to settle a more steady growth trend over the foreseeable future,\u201d she said.
\n\u201cThere will be exceptions as new global cities emerge or economic conditions improve. In the short term, it\u2019s the European cities that are likely to see the highest rates of price growth, benefitting from Brexit, lower prices and renewed confidence in markets like Spain.\u201d
\nCan you afford a million-dollar property in Singapore? Check your\u00a0affordability\u00a0now.
\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 luxury home prices up 7.7% in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore registered the third highest increase in prime residential prices at 7.7 percent, behind Berlin...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-105393","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rpT","jetpack-related-posts":[{"id":109674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-prime-residential-properties-still-among-the-worlds-most-expensive\/","url_meta":{"origin":105393,"position":0},"title":"Singapore Prime Residential Properties Still Among The World\u2019s Most Expensive","date":"August 6, 2019","format":false,"excerpt":"\r Singapore remained in the world\u2019s top ten most expensive market for prime residential property, even as prices here fell 1.1 percent during the first half of 2019, revealed a Savills report. About half of those in the list registered a drop in prices, including second place New York, where\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-still-worlds-2nd-most-expensive-housing-market\/","url_meta":{"origin":105393,"position":1},"title":"Singapore still world\u2019s 2nd most expensive housing market","date":"April 12, 2019","format":false,"excerpt":"\r This comes despite the government\u2019s introduction of new cooling measures last year which saw property price growth drop a little. Singapore has once again emerged as the world\u2019s second most expensive residential property market behind Hong Kong, revealed a CBRE report which compared private residential properties across 35 key\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-singapore-prime-property-prices-to-see-big-declines-as-high-rates-weigh-on-sentiment-savills\/","url_meta":{"origin":105393,"position":2},"title":"Hong Kong, Singapore prime property prices to see big declines as high rates weigh on sentiment: Savills","date":"February 7, 2024","format":false,"excerpt":"\r Of the 30 cities monitored in the Savills World Prime Residential Index, 17 will see price declines, with Hong Kong projected to see the highest drop of up to 10 per cent and as much as 3.9 per cent in Singapore.\r \r Source : South China Morning Post\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-properties-now-more-affordable-jll\/","url_meta":{"origin":105393,"position":3},"title":"Prime properties now more affordable: JLL","date":"March 9, 2016","format":false,"excerpt":"\r Singapore\u2019s prime residential property is now more affordable than in other top global cities. (Photo: Erwin Soo, Wikimedia Commons) Prime residential property in Singapore is significantly more affordable now than in the rest of the world\u2019s best cities, according to the latest JLL report. \u201cSingapore ranks amongst the top\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102393,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-affordable-waterfront-homes-can-be-found-in-singapore\/","url_meta":{"origin":105393,"position":4},"title":"Most affordable waterfront homes can be found in Singapore","date":"December 19, 2018","format":false,"excerpt":"\r View of bungalows at the prime Sentosa Cove enclave in Singapore. Singapore recorded the lowest premium for waterfront homes among 12 major cities around the world due to its plethora of waterscapes, according to a new report from property consultancy Knight Frank. \u201cAnalysis shows there is some correlation between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-surpasses-hk-in-luxury-home-price-growth\/","url_meta":{"origin":105393,"position":5},"title":"Singapore surpasses HK in luxury home price growth","date":"November 1, 2018","format":false,"excerpt":"\r View of luxury apartments in Singapore. Prices 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"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&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105393"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105393"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105393\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}