Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Singapore fell by 15.2% y-o-y in 2Q15. The index has fallen by 7.9% since the beginning of 2015 and fell by 2.2% in 2Q15 alone.  Singapore’s y-o-y fall means that it is the worst performing of the 35 cities for which KF published data. Singapore was in fourth place in KF’s ranking of the 40 most important cities for UNHWIs worldwide in 2015, which appeared in its Global Cities survey early this year.

Source : August 2015/KF/Singapore/RES