The Business Times
business-time-50
SUBSCRIBERS

Luxury home prices to climb 5.7% this year: Knight Frank

In Asia-Pacific, Seoul and Sydney are both expected to see increases of 9%, and Auckland, 7%

google-preferred-sourceAdd BT as a preferred source
Nisha Ramchandani

Nisha Ramchandani

Published Tue, Mar 1, 2022 · 09:50 PM
    Prime movers

    Singapore

    PRICES of luxury homes are expected to rise 5.7 per cent in 2022 across 28 prime residential markets, according to a forecast by real estate consultancy Knight Frank - a "subdued" performance after 2021's blistering pace.

    Cities such as Dubai, Miami and Zurich are expected to lead the pack, with prices poised to jump 10 per cent to 12 per cent this year.

    Knight FrankSingapore propertyProperty investment

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    The revisions follow a review by the government given growing concerns over rising prices and "flipping" of ECs for substantial gains on resale.

    New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers

    The Court of Appeal found the seller's conduct serious enough to justify a much higher award than the High Court had granted.

    Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case

    The opening of Tim Ho Wan's 10th outlet at Mikiki Mall in Kowloon, Hong Kong in February. The chain has more than doubled its network of stores in the city in the past year.

    Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More