24 Mar '16, 4am

#singapore #property Singapore is world’s 5th most important property market: Savills: ...

Singapore homes have recorded capital growth of 105% over the past 10 years. Singapore has been ranked as the fifth most powerful and important property market globally, according to Savills’ 12 Cities report for the first half of 2016. The report noted that the rankings are based on a city’s global connectedness, economic performance, power and competitiveness. “We have combined (their study results) that seem to best capture the features that make cities powerful and important real estate markets for both occupiers and investors,” said Savills. Globally, the top spot was clinched by London, followed by New York, Paris and Tokyo. Hong Kong took sixth place, followed by Sydney and Los Angeles. Completing the top ten are Chicago and Dubai. “Our city ranking analysis highlights two things: first, that rent levels and growth are dependent on cities achieving – and then mainta...

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

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