{"id":105993,"date":"2019-04-12T09:59:31","date_gmt":"2019-04-12T02:59:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-still-worlds-2nd-most-expensive-housing-market\/"},"modified":"2019-04-12T10:03:38","modified_gmt":"2019-04-12T03:03:38","slug":"singapore-still-worlds-2nd-most-expensive-housing-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-still-worlds-2nd-most-expensive-housing-market\/","title":{"rendered":"Singapore still world\u2019s 2nd most expensive housing market"},"content":{"rendered":"


\nThis comes despite the government\u2019s introduction of new cooling measures last year which saw property price growth drop a little.
\nSingapore 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 global cities.
\nHong Kong maintained its top position as average homes there cost US$1.235 million or US$2,091 psf, while average homes in Singapore cost US$874,372 or US$1,063 psf.
\nShanghai also remained in third spot, with average home prices at US$872,555 (US$714 psf).
\n\u201cAs a financial hub, Singapore is known for its skilled talent, ease of doing business, top-notch infrastructure, as well as economic and political stability. Singapore has always been an attractive location for multinational companies to establish their regional headquarters. These factors influence the cost of property ownership in the city,\u201d said Desmond Sim, head of research for CBRE in Southeast Asia.
\nThe report, however, noted that average price growth in Singapore was slower at 1.1 percent, compared to the 5.5 percent growth registered in Hong Kong and 11.2 percent in Shanghai.
\nThe report revealed that these three top cities have all introduced cooling measures to keep prices under control.
\nSingapore\u2019s introduction of new cooling measures last year saw property price growth drop for the second straight quarter in Q1 2019 following five consecutive quarters of robust growth since Q3 2017, said Sim.
\n\u201cCoupled with increasing supply and weaker sentiments, prices are likely to moderate or remain flat from this year going forward,\u201d he added.
\nOther Asian cities in the top 10 list are Shenzhen and Beijing, which were in 5th and 9th place respectively.
\nCompleting the top 10 list are Vancouver (4th), Los Angeles (6th), New York (7th), London (8th) and Paris (10th).
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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 still world\u2019s 2nd most expensive housing market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This comes despite the government\u2019s introduction of new cooling measures last year which saw property...<\/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-105993","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-rzz","jetpack-related-posts":[{"id":70524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-posh-high-rise-homes-to-grow-further\/","url_meta":{"origin":105993,"position":0},"title":"Sales of posh high-rise homes to grow further","date":"October 31, 2017","format":false,"excerpt":"\r Demand for upscale apartments located in high-rise buildings in prime locations here have risen over the past three and a half years, according to Leong Boon Hoe, CEO of List Sotheby\u2019s International Realty (LSIR), Singapore. 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Private home prices in Singapore are anticipated to rise further in the future on the back of record sums offered by developers for government land and en bloc sites, according to Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105993"}],"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=105993"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105993\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}