>

Singapore house prices rise 6.1% y-o-y in 1Q2021: Knight Frank

EdgeProp Singapore |

June 4, 2021 10:49 AM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Non-landed home prices in Singapore have risen 6.1% y-o-y in 1Q2021, taking 27th place out of 56 countries worldwide, according to Knight Frank’s global house price index for the first quarter. (See: Singapore’s office market shows recovery in 1Q2021: CBRE)

Hong Kong takes 46th place, recording a 2.1% y-o-y increase in home prices for 1Q2021.

Globally, the research finds that house prices are rising at their fastest rate since 4Q2006 — Knight Frank’s global house price index registered a 7.3% increase in the year to March.

The top 10 countries comprised largely developed nations, including the US (13%), Sweden (13%), Austria (12%) and Canada (11%).

Turkey takes the top spot, with a 32% increase y-o-y in the first quarter of the year, followed by New Zealand at 22.1%.

Since January, authorities in China, New Zealand, and Ireland have intervened with a range of measures, including tighter lending rules to higher stamp duties for multiple purchases, states Knight Frank.

Canada is exploring a national vacancy tax and China is mulling over a national property tax, it adds.

However, there are also countries registering weak growth or a slide in prices. These include Italy (1.6%), India (–1.6%) and Spain (–1.8%), either due to “stringent lockdowns, economic concerns or excess supply”, it notes.

Discover also our Singapore Property Market Trend/Outlook Tool

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.