{"id":25431,"date":"2016-09-08T09:00:35","date_gmt":"2016-09-08T02:00:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-home-prices-down-2-4-in-q2\/"},"modified":"2016-09-08T10:04:22","modified_gmt":"2016-09-08T03:04:22","slug":"spore-home-prices-down-2-4-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-home-prices-down-2-4-in-q2\/","title":{"rendered":"S\u2019pore home prices down 2.4% in Q2"},"content":{"rendered":"


\nWeak economic growth, stringent property cooling measures and the strong US dollar continue to hamper property markets in Asia, said a Knight Frank report.\u00a0
\nSingapore saw house prices fall by 2.4 percent year-on-year in Q2 2016, effectively placing it among the worst performers, along with Hong Kong and Taiwan, revealed Knight Frank\u2019s Global House Price Index.
\nThis comes as weak economic growth, stringent property cooling measures and the strong US dollar continue to hamper home sales in these Asian markets, said Knight Frank.
\nTurkey leads the rankings with an annual house price growth of 13.9 percent, followed by New Zealand (11.2 percent).
\nCanada took the third spot while Chile and Sweden settled in fourth and fifth places respectively. Rounding up the top ten positions are Malta, Austria, Iceland, Mexico and Germany.
\nKnight Frank\u2019s overall aggregate index has consistently recorded an annual growth of four percent, or thereabouts, for the past two years.
\nA closer inspection of the index, however, revealed that the extremes are moderating as the percentage points separating the strongest and weakest performing housing markets narrowed from 33 points in the third quarter of 2015 to 23 last quarter, said Knight Frank.
\n\u201cOf our top five performing countries, Turkey and Sweden are the only two markets where price growth has slowed compared with last quarter, down from 19 percent to 14 percent and from 13 percent to nine percent respectively.\u201d
\nKnight Frank revealed that the index tracked nominal price growth, but if real price growth is considered, where inflation is stripped out, New Zealand tops the list with 11 percent annual growth, while Turkey \u2013 with inflation in excess of seven percent \u2013 is pushed down to 13th position.
\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…S\u2019pore home prices down 2.4% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Weak economic growth, stringent property cooling measures and the strong US dollar continue to hamper...<\/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-25431","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\/p75ss1-6Cb","jetpack-related-posts":[{"id":97982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-9th-largest-growth-in-home-prices-globally\/","url_meta":{"origin":25431,"position":0},"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":25431,"position":1},"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. According to the property consultancy, prime property corresponds to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/08\/Prime-price-performance-Q2-2016.jpg?fit=560%2C559&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":104757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-7th-in-global-luxury-property-rankings\/","url_meta":{"origin":25431,"position":2},"title":"Singapore is 7th in global luxury property rankings","date":"March 7, 2019","format":false,"excerpt":"\r Luxury home prices in the city-state rose by over nine percent in 2018 \u2013 which marked the peak of its current market cycle. Singapore has emerged seventh in Knight Frank\u2019s Prime International Residential Index (PIRI 100), even after going through over 15 property cooling measures since 2010. This comes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118605,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-48th-in-the-world-in-q2-2020-global-house-price-index-knight-frank\/","url_meta":{"origin":25431,"position":3},"title":"Singapore ranked 48th in the world in Q2 2020 global house price index, Knight Frank","date":"September 14, 2020","format":false,"excerpt":"\r The report\u00a0tracks the movement in mainstream\u00a0residential prices across more than 50 countries and territories\u00a0worldwide using official statistics.\u00a0 Singapore 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-land-prices-down-5-8-in-2015\/","url_meta":{"origin":25431,"position":4},"title":"Residential land prices down 5.8% in 2015","date":"March 4, 2016","format":false,"excerpt":"\r \u00a0A land parcel in Singapore. (Photo: Nikki De Guzman) The price of land sites in Singapore for prime residential and office projects did not change in the second half of 2015, according to Knight Frank\u2019s latest Prime Asia Development Land Index. But for the entire year, residential land prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/03\/Land-price-index-346x1024.jpg?fit=346%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":49768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-home-prices-down-2-6-in-q4-2016\/","url_meta":{"origin":25431,"position":5},"title":"S\u2019pore home prices down 2.6% in Q4 2016","date":"March 27, 2017","format":false,"excerpt":"\r The recent easing of property cooling measures in Singapore is expected to spur interest in the market, according to Knight Frank. Singapore saw house prices drop 2.6 percent in the fourth quarter of 2016 from the previous year, revealed a Knight Frank report. This places the city-state in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/GHPI-Q4-2016_Fig2-1024x841.jpg?fit=1024%2C841&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25431"}],"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=25431"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25431\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=25431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=25431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=25431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}