PHOTO: Singapore’s property market
- Singapore’s luxury market shot to No 1 globally after prices rose 13.1 per cent during the third quarter on year
- Vancouver luxury property deflates 11.2 per cent during the third quarter, ranking worst market of 43 cities tracked
Hong Kong’s luxury home prices rose 5.5 per cent in the September-ended quarter on year, to rank 14th among 43 cities tracked by the Knight Frank’s quarterly Prime Global Cities Index.
Singapore’s luxury market ranked No 1 after prices rose 13.1 per cent for the quarter on year, outpacing Edinburgh and Madrid where prices rose 10.6 per cent and 10.1 per cent respectively.
Vancouver’s luxury segment ranked last among the 43 cities tracked, with quarterly price depreciation of 11.2 per cent on year, trailing Istanbul where quarterly prices were down 6.2 per cent from 12 months earlier.
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