{"id":109674,"date":"2019-08-06T09:54:15","date_gmt":"2019-08-06T02:54:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-prime-residential-properties-still-among-the-worlds-most-expensive\/"},"modified":"2019-08-06T10:04:06","modified_gmt":"2019-08-06T03:04:06","slug":"singapore-prime-residential-properties-still-among-the-worlds-most-expensive","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-prime-residential-properties-still-among-the-worlds-most-expensive\/","title":{"rendered":"Singapore Prime Residential Properties Still Among The World\u2019s Most Expensive"},"content":{"rendered":"


\nSingapore 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.
\nAbout half of those in the list registered a drop in prices, including second place New York, where prime residential prices fell 1.8 percent, fifth place London (-1.0 percent), seventh place Sydney (-2.3 percent) and eight place San Francisco (-3.0 percent).
\nThis comes as the \u201cslowdown seen across the world\u2019s leading prime city housing markets during the second half of 2018 continued into 2019\u201d, noted Savills.
\nHong Kong emerged as the most expensive market, with prices of prime residential property at US$4,730 per sq ft. Others in the list are Tokyo (3rd), Geneva (4th), Shanghai (6th) and Paris (9th).
\nMeanwhile, Berlin posted the highest increase in prices at 4.2 percent, followed by Paris (3.9 percent), Beijing (2.9 percent), Kuala Lumpur (2.4 percent) and Bangkok (2.3 percent).
\nThe Savills World Cities Prime Residential Index rose 0.4 percent in the first half of 2019, bringing annual growth to 0.7 percent. The figure is lower compared to the annual increase of 5.1 percent registered in the year to June 2018.
\n\u201cThere are a number of reasons why the prime residential markets in global cities are going through a slowdown,\u201d said Savills.
\n\u201cGovernment policies, the cost of money, increased supply and global economic uncertainty have all contributed. Despite these headwinds, we do not except significant price falls across the Index, but that growth will remain flat or experience small increases in value over the medium term.\u201d
\nLooking to buy a Singapore home instead but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore Prime Residential Properties Still Among The World\u2019s Most Expensive<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore remained in the world\u2019s top ten most expensive market for prime residential property, even...<\/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-109674","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-swW","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":109674,"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":138388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-luxury-home-prices-rise-the-most-hong-kong-still-the-most-expensive-prime-residential-market-savills-says\/","url_meta":{"origin":109674,"position":1},"title":"Dubai\u2019s luxury home prices rise the most, Hong Kong still the most expensive prime residential market, Savills says","date":"July 19, 2023","format":false,"excerpt":"\r Dubai\u2019s luxury property prices rose the most among 30 cities in the first half of 2023, according to the latest study by Savills, and Hong Kong still has the world\u2019s most expensive prime residential property.\r \r Source : South China Morning Post\r Read more...Dubai\u2019s luxury home prices rise the\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":109674,"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":109674,"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":22392,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-holds-top-10-spot-in-worlds-most-expensive-cities-to-live-and-work\/","url_meta":{"origin":109674,"position":4},"title":"Dubai holds top 10 spot in world's most expensive cities to live and work","date":"August 9, 2016","format":false,"excerpt":"\r Dubai is still in the top 10 most expensive cities in the world to live and work, according to a new study. The Savills Live\/Work Index placed Dubai in eighth, despite a fall in property and office rents in the past year amid weakened oil prices, which has affected\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheap-digs-for-global-billionaires-in-dubai\/","url_meta":{"origin":109674,"position":5},"title":"Cheap digs for global billionaires in Dubai","date":"May 2, 2017","format":false,"excerpt":"\r Super-luxury homes in Dubai are seven times cheaper than their luxury equivalents in Monaco, the world's most expensive real estate market.According to a new report by estate agent Savills, Dubai's most upmarket properties rank 10th on a list of the world's most expensive real estate markets.Savills found that so\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\/109674"}],"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=109674"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}