Global house prices in 2015 build on 2014 gain
Singapore ranks fifth from last in Knight Frank's list, after a 3.6% drop in non-landed private home prices
Singapore
KNIGHT Frank's Global House Price Index rose 3 per cent in 2015 - a stronger gain compared with a 2.3 per cent increase in 2014.
This year, however, the outlook is muted. Kate Everett-Allen, partner, international residential research at the property consulting group, said: "We expect the index's overall rate of growth to be weaker in 2016 than in 2015. The global economy is experiencing a potentially dangerous cocktail of low oil prices, a strong dollar and a continued slowdown in China."
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