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Will Singaporean's Overseas Property Appetite Continue?

Category: Real estate, Posted:07 Jan 2015 | 06:00 am

One of this year's key Asian real estate story lines has been the surge of overseas transactions by Singaporean property buyers.
Nearby Malaysia has been a strong beneficiary of the influx of investment buyers as has the more mature market in the UK, and the overflow has even been felt here in Phuket.
While the Singapore government underwent a series of cooling off measures including higher levies and restraining onshore borrowing.
At the same time new money from overseas buyers in the Lion City propped up the marketplace.
There is chatter in the Singapore market that buyers may be waiting to reinter their home turf should pricing start to rationalize
For now overseas developers are hoping the capital drift continues this year as was seen in 2014.

Other News

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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

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Three More Thailand Sandboxes Join Phuket On Tuesday

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Choice Brand For New Phuket Hotel

Category: Hotels, Posted:30 Dec 2021 | 09:37 am The new upscale Quality Resort and Spa Patong will open in early 2022. Quality is a brand under Choice Hotels International, and the property is operated under a master-franchise agreement with a third-party management group La Vie Hotels & Resorts. La Vie currently operates a number of hotels across Asia Pacific. With 88-rooms, the Quality […]