Non-landed home costs in Singapore have actually increased 6.1% y-o-y…

Non-landed home costs in Singapore have actually increased 6.1% y-o-y in 1Q2021, taking 27th place out of 56 nations worldwide, according to Knight Frank’s global house consumer price index for the first quarter.

Hong Kong takes 46th location, taping a 2.1% y-o-y boost in house costs for 1Q2021.

Internationally, the research study locates that residence prices are climbing at their fastest rate since 4Q2006– Knight Frank’s international home consumer price index signed up a 7.3% boost in the year to March.

The top 10 nations consisted of mainly established nations, consisting of the US (13%), Sweden (13%), Austria (12%) and Canada (11%).

Turkey takes the top area, with a 32% rise y-o-y in the very first quarter of the year, complied with by New Zealand at 22.1%.

Given that January, authorities in China, New Zealand, as well as Ireland have actually stepped in with a variety of steps, including tighter …