27 Mar '17, 11am

S’pore home prices down 2.6% in Q4 2016 https://t.co/KZMdsDmkQN

S’pore home prices down 2.6% in Q4 2016 https://t.co/KZMdsDmkQN

The recent easing of property cooling measures in Singapore is expected to spur interest in the market, said Knight Frank. Singapore saw house prices drop 2.6 percent in the fourth quarter of 2016 from the previous year, revealed a Knight Frank report. This places the city-state in the bottom three on Knight Frank’s Global House Price Index rankings list along with Taiwan and Ukraine, which saw house prices fall 6.5 percent and 10.2 percent, respectively. The index showed that global housing prices rose six percent in Q4 2016, up from 4.1 percent in Q4 2015. Topping the list is Iceland, with house price growth of 14.7 percent, followed by New Zealand and Malta with growth rates of 12.7 percent and 12.4 percent, respectively. Rounding up the top five list are Canada and Turkey. “The overall picture is one of stable or rising prices, despite the global landscape of political...

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

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