{"id":91147,"date":"2018-06-11T12:36:18","date_gmt":"2018-06-11T05:36:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-the-second-highest-in-asia\/"},"modified":"2018-06-11T13:03:08","modified_gmt":"2018-06-11T06:03:08","slug":"singapore-home-prices-the-second-highest-in-asia","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-the-second-highest-in-asia\/","title":{"rendered":"Singapore home prices the second highest in Asia"},"content":{"rendered":"


\nPrivate home prices in Singapore rose by almost 4.0 percent in Q1 2018.
\nAfter increasing by only 1.0 percent in Q4 2017, private home prices in Singapore rose by almost 4.0 percent in Q1 2018, making it the second highest in Asia next to Hong Kong, reported Singapore Business Review citing S&P Global Ratings.
\n\u201cPrivate housing in Singapore is showing price increases as global economic performance improves (private housing tends to be sensitive to foreign demand),\u201d said S&P Global Asia-Pacific economist Vishrut Rana.
\nMore: Queenstown HDB Flat Sold For $1.1m, Setting New Record For 5-Room Flats Outside Pinnacle @ Duxton
\nMeanwhile, public housing in Singapore is still witnessing slight price falls. \u201cResident households in the private market might substitute into public housing if private prices continue rising,\u201d Rana said.
\nS&P Global Ratings noted that the city-state is bucking the trend of home price slowdowns in Asia. Housing prices showed signs of slowing down across tier-1 cities in China as well as in Australia, particularly in Sydney.
\nHome prices in Hong Kong, on the other hand, continued its rapid growth, with homes smaller than 100 sq m (1,076 sq ft) registering the highest price hike in Q1.
\nCan you afford a HDB flat or private condo in Singapore? Check your\u00a0affordability\u00a0now.\u00a0
\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 home prices the second highest in Asia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Private home prices in Singapore rose by almost 4.0 percent in Q1 2018. After increasing...<\/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-91147","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-nI7","jetpack-related-posts":[{"id":105993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-still-worlds-2nd-most-expensive-housing-market\/","url_meta":{"origin":91147,"position":0},"title":"Singapore still world\u2019s 2nd most expensive housing market","date":"April 12, 2019","format":false,"excerpt":"\r This comes despite the government\u2019s introduction of new cooling measures last year which saw property price growth drop a little. Singapore 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\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":91147,"position":1},"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":115830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-down-1-in-q1-2020\/","url_meta":{"origin":91147,"position":2},"title":"Private home prices down 1% in Q1 2020","date":"April 24, 2020","format":false,"excerpt":"\r Property sales were generally muted as well with lockdowns imposed around the world and stricter safe distancing measures. 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