{"id":97430,"date":"2018-09-07T12:09:55","date_gmt":"2018-09-07T05:09:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-luxury-home-prices-up-11-5-percent-in-first-half-2018\/"},"modified":"2018-09-07T13:04:02","modified_gmt":"2018-09-07T06:04:02","slug":"singapore-luxury-home-prices-up-11-5-percent-in-first-half-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-luxury-home-prices-up-11-5-percent-in-first-half-2018\/","title":{"rendered":"Singapore luxury home prices up 11.5 percent in first half 2018"},"content":{"rendered":"


\nView of luxury apartments in Singapore.
\nLeading the growth in luxury home prices, Singapore, along with Tokyo, bucked the trend of falling prime prices across the world, as prices of luxury homes within the city-state rose 11.5 percent in the first half of 2018, reported Singapore Business Review citing Knight Frank research.
\n\u201cIn Singapore, recovery is a consequence of rising foreign demand and high land bids by developers, which has fed through to new-build prices,\u201d said Knight Frank international residential research head Kate Everett-Allen.
\nSee our\u00a0Step-by-Step Guide to buying a condo.
\nHowever, she noted that Singapore has implemented new property cooling measures for the residential market.
\n\u201cInvestors may rue the rise in property market regulations which, in many cases, will add to their bottom line in the form of purchase or disposal taxes.\u201d
\nIn Tokyo, luxury home prices rose 9.4 percent. Knight Frank attributed the hike to economic sentiment, the relative value of the city compared with Singapore and Hong Kong, as well as investment ahead of the 2020 Olympics.
\nSitting mid-table, Beijing and Shanghai saw luxury home prices increase 7.3 percent and 3.3 percent respectively.
\n\u201cChina\u2019s decision to pare back its housing subsidy programme will have an impact on mass market sales in smaller cities, but we expect luxury price growth in first-tier cities to persist,\u201d said Everett-Allen.
\nKnight Frank revealed that average prime price growth across the 20 cities it tracks around the world fell 4.2 percent from six percent previously.
\n\u201cWith the cost of finance set to rise in a number of markets, more stringent cooling measures being imposed, and slower growth in China\u2019s first-tier cities, lower price growth will characterise the overall results of the Index for some time to come,\u201d added Everett-Allen.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\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 luxury home prices up 11.5 percent in first half 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of luxury apartments in Singapore. Leading the growth in luxury home prices, Singapore, along...<\/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-97430","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-pls","jetpack-related-posts":[{"id":6694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-usd1-million-can-buy-you-in-singapore\/","url_meta":{"origin":97430,"position":0},"title":"What USD1 million can buy you in Singapore","date":"March 2, 2016","format":false,"excerpt":"\r Not a lot of living space Aerial view of Luxury yacht in Keppel Bay at Singapore For USD1 million, you can purchase 452 sqft of prime real estate in Singapore (or a small studio apartment), making it the world\u2019s seventh most expensive place to buy luxury property, noted findings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1-million-buys-you-452-sq-ft-in-singapore\/","url_meta":{"origin":97430,"position":1},"title":"$1 million buys you 452 sq ft in Singapore","date":"March 2, 2016","format":false,"excerpt":"\r Aerial view of luxury apartments in Keppel Bay, Singapore. For US$1 million (S$1.4 million), you can purchase 452 sq ft of prime real estate in Singapore (or a small studio apartment), making it the world\u2019s seventh most expensive place to buy luxury property, noted findings from Knight Frank\u2019s Wealth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-surpasses-hk-in-luxury-home-price-growth\/","url_meta":{"origin":97430,"position":2},"title":"Singapore surpasses HK in luxury home price growth","date":"November 1, 2018","format":false,"excerpt":"\r View of luxury apartments in Singapore. Prices of high-end residential properties in Singapore, such as luxury condos, increased by 13.1 percent on an annual basis during the third quarter of 2018 due to bullish market sentiment in the first half of the year and a limited supply of such\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/11\/Knight-Frank-Global-Residential-Cities-Index-Q3-2018.jpg?fit=846%2C556&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":97430,"position":3},"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":100743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-the-worlds-hottest-luxury-property-market-while-vancouver-ranks-worst-says-knight-frank-global-index\/","url_meta":{"origin":97430,"position":4},"title":"Singapore the world\u2019s hottest luxury property market, while Vancouver ranks worst, says Knight Frank global index","date":"October 31, 2018","format":false,"excerpt":"\r Singapore\u2019s luxury home prices have surged to become the world\u2019s fastest appreciating market globally, overtaking Hong Kong where price growth has cooled such that it no longer ranks in the top dozen cities by price momentum, according to Knight Frank LLP. Hong Kong\u2019s luxury home prices rose 5.5 per\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":97430,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97430"}],"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=97430"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97430\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}