The Philippines capital of Manila is the fastest-growing high-end real estate market in the world in Q1 2024, a Knight Frank analysis showed. The densely populated bayside city saw the largest annual price increase at 26.2%, followed by Japan’s Tokyo at 12.5% and India’s Mumbai at 11.5% and Delhi at 10.5%. Perth, at 11.1%, confirms…
Read More
The real estate market in Singapore, known for its vibrant and dynamic nature, remains an attractive investment destination and its size is estimated to grow by USD 50.74 billion from 2024-2028. This is according to Technavio’s latest report titled “Real Estate Market in Singapore 2024-2028.” Furthermore, the city-state’s property market is estimated to grow at…
Read More
ASIA-PACIFIC: Singapore private homes continue to be Asia Pacific’s least affordable housing, with a median price of $1.32 million in 2023, according to the Urban Land Institute’s 2024 ULI Asia Pacific Home Attainability Index released on Tuesday (May 21). The report, which drew on statistics from 48 cities in 11 markets in Asia-Pacific (namely, Australia, China…
Read More
Singapore’s government has decided to hike taxes for property purchases in a bid “to promote a sustainable property market.” Demand from locals purchasing homes for owner-occupation has been especially strong in the first quarter of 2023, and there has also been renewed interest from local and foreign investors in the city-state’s residential property market. “If left…
Read More
Hong Kong’s home prices have plenty further to fall amid rising borrowing costs, a recession and an exodus of residents, analysts say. Residential prices are expected to decrease by 12% next year and 2% in 2024, taking the drop from the peak in late 2021 to 25%, Natixis analysts led by Alicia García-Herrero, chief economist…
Read More
