40% of cities see prime home prices fall or stay flat in 2014: Knight Frank

Singapore

AS various Asian cities find the prices of their prime residential properties pressured by macro-prudential measures, US cities topped the list of price growth for such units last year.

Almost 40 per cent of the 100 cities examined by Knight Frank in its Wealth Report 2015 saw the value of their prime homes either fall or remain static last year. These properties refer to the most expensive and desirable residential properties that make up the top 5 per cent of each market by value.