Asia is spearheading the global prime residential market recovery, accounting for four of the top five performing cities (Manila, Tokyo, Mumbai and Delhi) led by Manila according to Knight Frank’s latest edition of the Prime Global Cities Index. Manila leads the charge with a staggering 26.2% annual price growth, followed by Tokyo at 12.5%. Indian cities are also showing remarkable strength, with Mumbai's prime housing market surging 11.5% and Delhi up 10.5% year-over-year. The strong 11.1% price appreciation in Perth confirms the resilience of key Australian luxury markets.
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In Q1 2024, Mumbai led Indian cities with an 11.5% year-on-year increase in prime residential prices, placing third globally in Knight Frank's Prime Global Cities Index. Delhi followed closely with a 10.5% rise, securing fifth place. Knight Frank attributed these increases to India's strong economic growth, with GDP growing over 8% annually. The Prime Global Cities Index is a valuation-based index that tracks the movement of prime residential prices across 46 cities worldwide. #realestate #realty #housingmarket https://lnkd.in/dPYB9NRt
This Indian city sees third highest jump in prime residential property prices in the world: Report
economictimes.indiatimes.com
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Associate Director: International Residential Property - Knight Frank Malaysia
Asia is at the forefront of the global prime residential market recovery, with four of its cities ranking among the top five performers. According to Knight Frank’s latest edition of the Prime Global Cities Index, Manila, Tokyo, Mumbai, and Delhi have shown significant price growth, driven by robust demand and limited supply. Dominic Heaton-Watson, Associate Director, International Residential at Knight Frank Property Hub Malaysia, highlighted Manila’s exceptional performance: “Manila leads the global charge with a staggering 26.2% annual price growth, followed by Tokyo at 12.5%. Indian cities are also showing remarkable strength, with Mumbai’s prime housing market surging 11.5% and Delhi up 10.5% year-over-year. The strong 11.1% price appreciation in Perth confirms the resilience of key Australian luxury markets – often favoured by Malaysian investors.” READ FULL ARTCILE HERE: https://lnkd.in/g5JBmT7v For global residential property advice, do reach out for a discussion via dominic.hw@kfph.com.my +60104389169 #KnightFrank #KnightFrankMalaysia #KFPH #Residential #Property #RealEstate #Property #Global #Trends #Economy #Development #TrustedAdvisor #Research #Manila #Tokyo #Mumbai #Delhi #Perth #PricePerformance #PriceGrowth Knight Frank Knight Frank Malaysia Knight Frank Property Hub KFPH International Projects Highlight
Asia Leads the Charge in Global Prime Residential Market Recovery: Knight Frank Report
https://www.marketinginasia.com
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The Indian real estate market has witnessed a remarkable resurgence in 2023, with housing sales experiencing a substantial increase of 26% on a year-on-year basis, totalling a commendable 2.71 lakh units across the top seven cities. This robust growth, as reported by JLL, signifies the continued buoyancy of the residential real estate sector, driven by a variety of factors including tech-driven cities, strategic land acquisitions, and a favourable economic outlook. Read more: https://lnkd.in/g-6JKFmM #realestate #property #commercial #residential #luxuryhousing #luxury #luxuryhouse #gurgaon #gurugram #golfcourse #luxuryapartment #independentfloor #primelocation #luxuryvillas #luxurypanthouse #developers #luxuryhousingncr #market #demand #delhincr #economic #strategicmove
Real Estate Resurgence: Housing Sales Surge by 26%, Clocking 2.71 Lakh Units in Top Seven Cities in 2023
https://luxuryhousingncr.com
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𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 We are pleased to introduce our 𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Keep abreast of the most recent developments, market trends, and comprehensive insights into Singapore's real estate environment. 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗛𝗼𝗺𝗲𝘀: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗥𝗲𝘀𝗮𝗹𝗲, 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: Condominium resale volumes increased by 17.4%, reaching a seven-month high, while rental volumes also showed recovery with a 19.1% increase, despite ongoing high interest rates affecting prices. - 𝗛𝗗𝗕 𝗠𝗮𝗿𝗸𝗲𝘁: The HDB resale market continued its upward trend with robust demand for larger flats and increased million-dollar transactions, while the rental market demonstrated a modest recovery in volumes, yet remained below historical averages. 𝙌𝙪𝙖𝙧𝙩𝙚𝙧𝙡𝙮 𝙍𝙚𝙥𝙤𝙧𝙩: - 𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝗶𝗮𝗹: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹: Minor rent fluctuations in prime and lower-cost areas, with a sharp 95% drop in transaction volumes. The market is stable with expectations of moderate rent increases due to pent-up demand. - 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹: Industrial rents increased by 1.7%, continuing a long-term growth trend, while prices slightly declined by 0.2%. The sector faces adjustments due to high supply levels and economic uncertainties, with occupancy rates slightly decreased to 88.7%. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/4buwdYm #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience
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𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 We are pleased to introduce our 𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Keep abreast of the most recent developments, market trends, and comprehensive insights into Singapore's real estate environment. 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗛𝗼𝗺𝗲𝘀: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗥𝗲𝘀𝗮𝗹𝗲, 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: Condominium resale volumes increased by 17.4%, reaching a seven-month high, while rental volumes also showed recovery with a 19.1% increase, despite ongoing high interest rates affecting prices. - 𝗛𝗗𝗕 𝗠𝗮𝗿𝗸𝗲𝘁: The HDB resale market continued its upward trend with robust demand for larger flats and increased million-dollar transactions, while the rental market demonstrated a modest recovery in volumes, yet remained below historical averages. 𝙌𝙪𝙖𝙧𝙩𝙚𝙧𝙡𝙮 𝙍𝙚𝙥𝙤𝙧𝙩: - 𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝗶𝗮𝗹: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹: Minor rent fluctuations in prime and lower-cost areas, with a sharp 95% drop in transaction volumes. The market is stable with expectations of moderate rent increases due to pent-up demand. - 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹: Industrial rents increased by 1.7%, continuing a long-term growth trend, while prices slightly declined by 0.2%. The sector faces adjustments due to high supply levels and economic uncertainties, with occupancy rates slightly decreased to 88.7%. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/4buwdYm #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience
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𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 We are pleased to introduce our 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Keep abreast of the most recent developments, market trends, and comprehensive insights into Singapore's real estate environment. 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗛𝗼𝗺𝗲𝘀: Sales plummeted to a 15-year low, down 65.6% year-over-year to 149 units due to developer caution and softer economic conditions. This marks the weakest February since 2008. - 𝗥𝗲𝘀𝗮𝗹𝗲 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: The resale condominium market rebounded with a 0.2% price increase and a 1.2% rise in transactions. However, the condo rental market faced a 1% drop in prices and a 21% fall in volumes, contrasting with HDB rentals reaching new highs despite a volume decrease, driven by affordable housing demand. - 𝗛𝗗𝗕 𝗠𝗮𝗿𝗸𝗲𝘁 𝗮𝗻𝗱 𝗢𝗳𝗳𝗶𝗰𝗲 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: HDB resale transactions fell by 18.8% but saw a year-on-year increase, dominated by 4-room units. HDB rental prices hit a new peak. Grade A office rents in the CBD increased by 1.3% to a 15-year high, supported by heightened inquiries from professional sectors and a decrease in vacancy. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/3VOjlrG #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience
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𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 We are pleased to introduce our 𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Keep abreast of the most recent developments, market trends, and comprehensive insights into Singapore's real estate environment. 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗛𝗼𝗺𝗲𝘀: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗥𝗲𝘀𝗮𝗹𝗲, 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: Condominium resale volumes increased by 17.4%, reaching a seven-month high, while rental volumes also showed recovery with a 19.1% increase, despite ongoing high interest rates affecting prices. - 𝗛𝗗𝗕 𝗠𝗮𝗿𝗸𝗲𝘁: The HDB resale market continued its upward trend with robust demand for larger flats and increased million-dollar transactions, while the rental market demonstrated a modest recovery in volumes, yet remained below historical averages. 𝙌𝙪𝙖𝙧𝙩𝙚𝙧𝙡𝙮 𝙍𝙚𝙥𝙤𝙧𝙩: - 𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝗶𝗮𝗹: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹: Minor rent fluctuations in prime and lower-cost areas, with a sharp 95% drop in transaction volumes. The market is stable with expectations of moderate rent increases due to pent-up demand. - 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹: Industrial rents increased by 1.7%, continuing a long-term growth trend, while prices slightly declined by 0.2%. The sector faces adjustments due to high supply levels and economic uncertainties, with occupancy rates slightly decreased to 88.7%. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/4buwdYm #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience
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Key Executive Officer (KEO) | Managing Director | Data Protection Officer (DPO) | Compliance Officer
𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 We are pleased to introduce our 𝗠𝗮𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Keep abreast of the most recent developments, market trends, and comprehensive insights into Singapore's real estate environment. 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗛𝗼𝗺𝗲𝘀: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗥𝗲𝘀𝗮𝗹𝗲, 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: Condominium resale volumes increased by 17.4%, reaching a seven-month high, while rental volumes also showed recovery with a 19.1% increase, despite ongoing high interest rates affecting prices. - 𝗛𝗗𝗕 𝗠𝗮𝗿𝗸𝗲𝘁: The HDB resale market continued its upward trend with robust demand for larger flats and increased million-dollar transactions, while the rental market demonstrated a modest recovery in volumes, yet remained below historical averages. 𝙌𝙪𝙖𝙧𝙩𝙚𝙧𝙡𝙮 𝙍𝙚𝙥𝙤𝙧𝙩: - 𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝗶𝗮𝗹: March 2024 saw a significant rise in new private home sales, led by a surge in launches like Lentor Mansion and Lentoria, primarily in suburban areas, reflecting strong buyer interest in project design and functionality. - 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹: Minor rent fluctuations in prime and lower-cost areas, with a sharp 95% drop in transaction volumes. The market is stable with expectations of moderate rent increases due to pent-up demand. - 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹: Industrial rents increased by 1.7%, continuing a long-term growth trend, while prices slightly declined by 0.2%. The sector faces adjustments due to high supply levels and economic uncertainties, with occupancy rates slightly decreased to 88.7%. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/4buwdYm #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience
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Key Executive Officer (KEO) | Managing Director | Data Protection Officer (DPO) | Compliance Officer
𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 We are pleased to introduce our 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Keep abreast of the most recent developments, market trends, and comprehensive insights into Singapore's real estate environment. 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗛𝗼𝗺𝗲𝘀: Sales plummeted to a 15-year low, down 65.6% year-over-year to 149 units due to developer caution and softer economic conditions. This marks the weakest February since 2008. - 𝗥𝗲𝘀𝗮𝗹𝗲 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: The resale condominium market rebounded with a 0.2% price increase and a 1.2% rise in transactions. However, the condo rental market faced a 1% drop in prices and a 21% fall in volumes, contrasting with HDB rentals reaching new highs despite a volume decrease, driven by affordable housing demand. - 𝗛𝗗𝗕 𝗠𝗮𝗿𝗸𝗲𝘁 𝗮𝗻𝗱 𝗢𝗳𝗳𝗶𝗰𝗲 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: HDB resale transactions fell by 18.8% but saw a year-on-year increase, dominated by 4-room units. HDB rental prices hit a new peak. Grade A office rents in the CBD increased by 1.3% to a 15-year high, supported by heightened inquiries from professional sectors and a decrease in vacancy. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/3VOjlrG #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience
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𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 We are pleased to introduce our 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Keep abreast of the most recent developments, market trends, and comprehensive insights into Singapore's real estate environment. 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗛𝗼𝗺𝗲𝘀: Sales plummeted to a 15-year low, down 65.6% year-over-year to 149 units due to developer caution and softer economic conditions. This marks the weakest February since 2008. - 𝗥𝗲𝘀𝗮𝗹𝗲 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: The resale condominium market rebounded with a 0.2% price increase and a 1.2% rise in transactions. However, the condo rental market faced a 1% drop in prices and a 21% fall in volumes, contrasting with HDB rentals reaching new highs despite a volume decrease, driven by affordable housing demand. - 𝗛𝗗𝗕 𝗠𝗮𝗿𝗸𝗲𝘁 𝗮𝗻𝗱 𝗢𝗳𝗳𝗶𝗰𝗲 𝗥𝗲𝗻𝘁𝗮𝗹 𝗧𝗿𝗲𝗻𝗱𝘀: HDB resale transactions fell by 18.8% but saw a year-on-year increase, dominated by 4-room units. HDB rental prices hit a new peak. Grade A office rents in the CBD increased by 1.3% to a 15-year high, supported by heightened inquiries from professional sectors and a decrease in vacancy. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/3VOjlrG #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience
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Helps Real Estate Investors Maximize Profits via Seller Financing, Note Investing & Private Money
6moIt's fascinating to see Manila leading the charge with such impressive growth. Tokyo and Indian cities aren't far behind. The market dynamics are truly intriguing.