Staff Reporter
,
Singapore
Image by Jason Goh from Pixabay
Knight Frank attributed the price declines to stamp duties on foreign buyers.
Prime residential prices in Singapore continued to decline in 3Q23, further falling by 2.6% QoQ.
Year-on-year, prices have declined by 0.8%.
In its Prime Global Cities Index, Knight Frank attributed the decline in prime residential prices to the impact of higher stamp duties on foreign buyers.
Globally, Singapore ranked 33rd in the list of cities with the highest annual price growth for prime residential properties.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!