{"id":97982,"date":"2018-09-17T10:09:41","date_gmt":"2018-09-17T03:09:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-9th-largest-growth-in-home-prices-globally\/"},"modified":"2018-09-17T11:02:55","modified_gmt":"2018-09-17T04:02:55","slug":"singapore-posts-9th-largest-growth-in-home-prices-globally","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-9th-largest-growth-in-home-prices-globally\/","title":{"rendered":"Singapore posts 9th largest growth in home prices globally"},"content":{"rendered":"


\nDespite several rounds of property cooling measures, home prices in Singapore are still rising fast, according to a Knight Frank report.\u00a0
\nPrices 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 Knight Frank\u2019s Global House Price Index.
\nThe city-state and Hong Kong were also the only cities in Asia that made it to the top 10, with the latter recording a 15.9 percent year-on-year jump in private home prices in the second quarter.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\nHowever, the consultancy noted that the governments of Singapore and Hong Kong recently introduced property cooling measures that negatively impacted prices.
\n\u201cAll eyes are on Hong Kong, Singapore and New Zealand where new property regulations have been introduced in the last three months,\u201d said Kate Everett-Allen, head of international residential research at Knight Frank.
\nOn 6 July 2018, the Singapore authorities reduced the Loan-to-Value (LTV) ratio for residential mortgages and increased the Additional Buyer\u2019s Stamp Duty (ABSD) in a bid to control the growth in private condo prices.
\nMeanwhile, Knight Frank\u2019s Global House Price Index edged up by 4.7 percent year-on-year during the second quarter. Only seven of the 57 countries tracked by the consultancy saw declining prices over the 12 months to June 2018. Notably, Central and Eastern European nations performed strongly.
\nThe three markets that posted the highest growth in private residential prices were Latvia (13.7 percent), Hong Kong (15.9 percent) and Malta (16.9 percent), which topped the index for the first time.
\n\u201cOur analysis shows that whilst fewer markets are seeing a decline in house prices, where prices are rising, they are rising at a more moderate pace,\u201d noted Everett-Allen.
\nRead our\u00a0Step-by-Step Guide\u00a0to buying a condo
\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 posts 9th largest growth in home prices globally<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite several rounds of property cooling measures, home prices in Singapore are still rising fast,...<\/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-97982","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-pum","jetpack-related-posts":[{"id":97430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-luxury-home-prices-up-11-5-percent-in-first-half-2018\/","url_meta":{"origin":97982,"position":0},"title":"Singapore luxury home prices up 11.5 percent in first half 2018","date":"September 7, 2018","format":false,"excerpt":"\r View of luxury apartments in Singapore. Leading 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\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":97982,"position":1},"title":"Singapore surpasses HK in luxury home price growth","date":"November 1, 2018","format":false,"excerpt":"\r View of luxury apartments in Singapore. 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By Duncan Forgan It would be fair to say that Singapore\u2019s famously stringent cooling measures haven\u2019t always made those inside the country\u2019s real estate sector feel warm and fuzzy.\u00a0 But\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/04\/cool-run-ins-singapore-compressor.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":105993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-still-worlds-2nd-most-expensive-housing-market\/","url_meta":{"origin":97982,"position":3},"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":41248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-to-benefit-from-hong-kong-tax-hike\/","url_meta":{"origin":97982,"position":4},"title":"Singapore to benefit from Hong Kong tax hike","date":"January 20, 2017","format":false,"excerpt":"\r Lower stamp duties in Singapore has made the city-state more attractive for Chinese investors. \u00a0 Singapore may benefit from Hong Kong\u2019s recent increase in stamp duty for overseas property buyers, reported Bloomberg. 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