12 Dec '16, 9am

#Singapore home prices down 2% from year ago: Knight Frank #propertynews

Singapore housing prices continue to fall. Home 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. In fact, 44 of the 55 countries tracked in the report recorded an increase in prices, with Turkey posting the highest growth. Housing 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. Over 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. “September marked a new high for US house prices, which have now exceeded their pr...

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

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