{"id":37510,"date":"2016-12-09T09:34:01","date_gmt":"2016-12-09T02:34:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-home-prices-down-2-from-year-ago-knight-frank\/"},"modified":"2016-12-09T09:44:49","modified_gmt":"2016-12-09T02:44:49","slug":"spore-home-prices-down-2-from-year-ago-knight-frank","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-home-prices-down-2-from-year-ago-knight-frank\/","title":{"rendered":"S\u2019pore home prices down 2% from year ago: Knight Frank"},"content":{"rendered":"


\nSingapore housing prices continue to fall.
\nHome prices in Singapore fell two percent year-on-year in Q3 2016, while most countries in the world registered strong price growth, revealed a Knight Frank report.
\nIn fact, 44 of the 55 countries tracked in the report recorded an increase in prices, with Turkey posting the highest growth.
\nHousing prices in Turkey increased 13.9 percent year-on-year in Q3 2016, followed closely by New Zealand and Iceland with annual growth of 13.5 percent and 12.9 percent, respectively.
\nOver in the US, the expected slowdown in home prices in the run up to the presidential election failed to materialise. The 0.8 percent month-on-month rise in September was the biggest monthly rise since August 2013, contributing to an annual increase of 5.5 percent, noted the report.
\n\u201cSeptember marked a new high for US house prices, which have now exceeded their previous peak recorded in July 2006,\u201d said Kate Everett-Allen, Partner, International Residential Research at Knight Frank.
\nUK house prices proved to be resilient following the EU referendum, underpinned by ultra-low mortgage rates and a lack of supply. Average house prices climbed 1.3 percent in the three months following the referendum, and 5.4 percent in the year to September.
\nKnight Frank also noted that resurgent home prices in China and Hong Kong have prompted new regulation and taxes to control price inflation. China\u2019s resurgent prices are most evident in its biggest cities, where price inflation has been driven by pent-up demand and a lack of supply.
\nDespite dropping 5.5 percent year-on-year, home prices in Hong Kong rose 4.8 percent between June and September. Affordability concerns forced authorities to increase the stamp duty to 15 percent for residents as well as non-residents, except for first-time buyers.
\nLooking ahead, Knight Frank expects 2017 to be a bumpy ride both economically and politically, with stimulus coming in the form of fiscal rather than monetary policy.
\n\u201cThat said, low rates are likely to persist in Europe at least, but hikes in the US will result in a stronger dollar with implications for global capital flows and emerging markets,\u201d noted the consultancy.
\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% from year ago: Knight Frank<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore housing prices continue to fall. Home prices in Singapore fell two percent year-on-year in...<\/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-37510","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\/p75ss1-9L0","jetpack-related-posts":[{"id":112002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condominium-prices-in-rcr-sees-6-3-rise-in-q3-2019\/","url_meta":{"origin":37510,"position":0},"title":"Condominium prices in RCR sees 6.3% rise in Q3 2019","date":"October 30, 2019","format":false,"excerpt":"\r The growth was partly due to the revealing of plans for the Greater Southern Waterfront at the National Day Rally.\u00a0 Condominium prices in the Rest of Central Region (RCR) grew 6.3% year-on-year (YoY) in Q3 as compared to Q3 2018, reported Singapore Business Review citing Knight Frank. 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Meanwhile, prices of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/10\/private-homes.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"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":37510,"position":2},"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":102544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-up-8-8-in-q3\/","url_meta":{"origin":37510,"position":3},"title":"Singapore home prices up 8.8% in Q3","date":"December 27, 2018","format":false,"excerpt":"\r The city-state was ranked 28th in Knight Frank\u2019s Global Residential Cities Index report. Residential property prices in Singapore rose 8.8 percent year-on-year during the third quarter of 2018, revealed a Knight Frank report. The city-state was ranked 28th in Knight Frank\u2019s Global Residential Cities Index Q3 2018, while Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103036,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-up-8-8-yoy-in-q3\/","url_meta":{"origin":37510,"position":4},"title":"Singapore home prices up 8.8% YOY in Q3","date":"December 27, 2018","format":false,"excerpt":"\r The city-state was ranked 28th in Knight Frank\u2019s Global Residential Cities Index report. Residential property prices in Singapore rose 8.8 percent year-on-year during the third quarter of 2018, revealed a Knight Frank report. The city-state was ranked 28th in Knight Frank\u2019s Global Residential Cities Index Q3 2018, while Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120021,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-123rd-out-of-150-countries-for-residential-price-growth\/","url_meta":{"origin":37510,"position":5},"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. 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