{"id":118605,"date":"2020-09-14T12:13:23","date_gmt":"2020-09-14T05:13:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-48th-in-the-world-in-q2-2020-global-house-price-index-knight-frank\/"},"modified":"2020-09-14T13:03:55","modified_gmt":"2020-09-14T06:03:55","slug":"singapore-ranked-48th-in-the-world-in-q2-2020-global-house-price-index-knight-frank","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-48th-in-the-world-in-q2-2020-global-house-price-index-knight-frank\/","title":{"rendered":"Singapore ranked 48th in the world in Q2 2020 global house price index, Knight Frank"},"content":{"rendered":"


\nThe report\u00a0tracks the movement in mainstream\u00a0residential prices across more than 50 countries and territories\u00a0worldwide using official statistics.\u00a0
\nSingapore is placed 48th in the world for house price growth as the city-state saw home prices inch up by only 0.4% year-on-year during the second quarter of 2020, revealed Knight Frank\u2019s Global House Price Index Q2 2020 report. Private residential prices in Singapore fell by 0.6% from Q4 2019 to Q2 2020, before it increased by 0.4% in Q2 2020 from the first quarter of 2020.\u00a0
\nThe report\u00a0tracks the movement in mainstream residential prices across more than 50 countries and territories worldwide using official statistics.\u00a0
\nEuropean countries snagged eight of the top 10 rankings, with Turkey taking the top spot as house prices there rose 25.7% year-on-year in Q2 2020 and 11.2% in last three months (Q1 2020 to Q2 2020).\u00a0
\nIt is followed by Luxembourg, Lithuania, Estonia and Poland, which saw private residential prices increase by 13.9%, 12.4%, 11.5% and 11.3% respectively. Others in the top 10 include Slovakia (11.2%), Ukraine (11.2%), Czech Republic (9.5%), Latvia (9.1%) and Croatia (9.1%).\u00a0
\nThe report showed that New Zealand, South Korea and Germany \u2013 three countries that were initially thought to have dealt with the COVID-19 pandemic most effectively posted mixed results.
\n\u201cGermany has yet to report Q2 figures, New Zealand slumped from second to 11th place in the rankings between March and June \u2013 although it still recorded 9% annual price growth \u2013 and South Korea, where price growth was anaemic at 0.1% in Q1 has seen annual price growth pick up to 1.3%,\u201d said the report.
\nIn fact, 29 of the 56 countries and territories tracked by Knight Frank \u201care yet to report their figures for Q2 2020\u201d as a direct result of the pandemic and operational challenges.
\nRecommended article:\u00a0What Does Property Annual Value Mean And How Do You Check Yours?
\nDespite the delay in reporting, Knight Frank said the data \u201cstill offers a glimpse into the impact of COVID-19 with the number of countries and territories seeing a decline in prices on the rise again\u201d.
\nThe trends indicate that the impact of the COVID-19 pandemic on global housing markets is \u201clikely to be inconsistent and irregular\u201d, it said.
\n\u201cMuch will depend on the state of the housing market prior to the pandemic, the length and severity of the lockdown and each country or territory\u2019s reliance on international demand which has dried up in recent months due to travel restrictions,\u201d added Knight Frank.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore ranked 48th in the world in Q2 2020 global house price index, Knight Frank<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The report\u00a0tracks the movement in mainstream\u00a0residential prices across more than 50 countries and territories\u00a0worldwide using...<\/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-118605","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-uQZ","jetpack-related-posts":[{"id":120021,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-123rd-out-of-150-countries-for-residential-price-growth\/","url_meta":{"origin":118605,"position":0},"title":"Singapore ranked 123rd, out of 150 countries for residential price growth","date":"January 14, 2021","format":false,"excerpt":"\r Residential property prices in Singapore climbed by just 0.7% year-on-year in the third quarter of 2020. The Philippines topped the ranking, with its capital, Manila, posting a 34.9% year-on-year increase in residential property prices. Singapore has been ranked 123rd out of 150 countries as residential property prices in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Residential-apartments-in-Singapore-v2-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":117472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-drop-1-1-in-q2\/","url_meta":{"origin":118605,"position":1},"title":"Singapore private home prices drop 1.1% in Q2","date":"July 1, 2020","format":false,"excerpt":"\r Flash estimate\u00a0from the Urban Redevelopment Authority (URA) showed that the private residential property index fell 1.1% in Q2 2020.\u00a0 The COVID-19 pandemic has continued to affect the Singapore housing market as private home prices fell for a second consecutive quarter. Flash estimate from the Urban Redevelopment Authority (URA) showed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-muted-in-q2-2020-but-buying-activity-to-increase-edmund-tie\/","url_meta":{"origin":118605,"position":2},"title":"Residential investment sales muted in Q2 2020, but buying activity to increase : Edmund Tie","date":"July 30, 2020","format":false,"excerpt":"\r Despite a muted market, the real estate consulting firm expects buying activity to increase, with new projects launching in the second half of 2020. The resale market is also expected to see stronger sales as viewings resume.\u00a0 Residential investment sales in Singapore were muted during the second quarter of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-up-0-3-in-q2-2020\/","url_meta":{"origin":118605,"position":3},"title":"Singapore private home prices up 0.3% in Q2 2020","date":"July 24, 2020","format":false,"excerpt":"\r Private home prices in Singapore rebounded 0.3% quarter-on-quarter in the second quarter of 2020.\u00a0 Private home prices in Singapore rebounded 0.3% quarter-on-quarter in the second quarter of 2020, following a 1% decline in the previous quarter, revealed the latest report from the Urban Redevelopment Authority (URA). The report noted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-9th-largest-growth-in-home-prices-globally\/","url_meta":{"origin":118605,"position":4},"title":"Singapore posts 9th largest growth in home prices globally","date":"September 17, 2018","format":false,"excerpt":"\r Despite several rounds of property cooling measures, home prices in Singapore are still rising fast, according to a Knight Frank report.\u00a0 Prices of private non-landed homes in Singapore grew by 9.3 percent on an annual basis, representing the ninth highest growth in the world during Q2 2018, according to\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":118605,"position":5},"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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