27 Jan '14, 1am

[PropertyGuruSG] S'pore drops in prime rental survey: Prime property rents around the world rose by 6.4 percen...

Prime property rents around the world rose by 6.4 percent in the year to September, the index’s strongest annual performance since Q2 2008 in Knight Frank’s survey of the top 5 percent of the residential property market is 17 global cities. Prime property rents in Singapore were ranked in 12th place of the 17 cities with a recorded year-on-year increase of 2.4 percent as at the end of September. London, surprisingly, was bottom and recorded a 2.5 percent decline over the same 12-month period. The latest results from Knight Frank showed Nairobi topped the annual rankings for the second consecutive quarter. Prime rents in the Kenyan capital rose by 25.8 percent in the year to September 2013. Recent security concerns mean demand for secure accommodation – be it apartments or gated compounds – is strong and supply is limited. New York rose up the rankings in the third quarter ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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