Annual price growth and forecastPrices of Singapore luxury homes are expected to fall this year by 3.3% compared to 3.5% estimated drop last 2015.

Singapore is expected to fare better, compared to Hong Kong with predicted 5 percent price fall and 1.5 percent estimated growth in 2015.

According to Knight Frank’s Research Head for Asia Pacific, Nicholas Holt, many of the prime residential markets in Asia-Pacific will encounter new and existing headwinds in year 2016, with predicts shows that the price performances range is quite, including the negative price increase in Singapore as well as Hong Kong.

Meanwhile, the highest price growth of 10% in 2016 is expected to see in Sydney, followed by New York and Monaco with a predicted price growth of 5% each.

Some of the most awaited and iconic Singapore property in 2016 includes Lake Grande and Neem Tree @ Balestier.