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Singapore luxury home prices up 11.5 percent in first half 2018

Leading the growth in luxury home prices, Singapore, along with Tokyo, bucked the trend of falling prime prices across the world, as prices of luxury homes within the city-state rose 11.5 percent in the first half of 2018, reported Singapore Business Review citing Knight Frank research.

“In Singapore, recovery is a consequence of rising foreign demand and high land bids by developers, which has fed through to new-build prices,” said Knight Frank international residential research head Kate Everett-Allen.

– September 7, 2018

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