Knight Frank launches the Prime Cities Forecast, which assesses the performance of ten prime city markets in 2016. According to the report, Sydney is set to see the strongest prime residential price growth in 2016, rising by 10% year-on-year, while Shanghai is expected to record a price growth of 4-5%.The report also predicts that three cities are expected to see a decline in prime property prices; Hong Kong (-5%), Singapore (-3.3%) and Paris (-3%) with Hong Kong overtaking Singapore as the weakest-performing luxury residential market in 2016.
