Cash-strapped Chinese are scrambling to sell their luxury homes in Hong Kong and some are knocking up to a fifth off the price for a quick sale as a liquidity crunch looms on the mainland. Wealthy Chinese were blamed for pushing up property prices in Hong Kong, where they accounted for 43 per cent of new luxury home purchases in the third quarter of 2012, before a tax hike on foreign buyers was...
China Buyers
The number of private homes in Singapore purchased by mainland Chinese during the first three quarters of this year plummeted by 48 percent from the same period in 2011, reported The Business Times. According to Knight Frank’s analysis of caveats data from URA Realis, China nationals bought just 1,066 units in the first nine months, an almost 50 percent drop from the 2,046 units seen during the same...
Property agents have said buyers from China make up the largest group of foreign investors in Singapore's private residential property. The number of buyers from China has doubled in the past three years. Property agents and developers said Chinese buyers are mostly interested in properties that are in prime districts and have a sea view. Agents said previously, the traditional groups of foreign buyers...
Chinese nationals have again emerged as the top non-Singaporean buyers of private homes in the second quarter, acquiring 640 homes in Q2, up 26 percent from 527 units in Q1 2011. According to a new report from DTZ, the proportion of acquisitions made by non-Singaporeans in the second quarter was similar to the 16 percent recorded in the previous quarter. “In absolute terms, foreign purchases were 1,327...
The growing percentage of cash-rich Chinese home buyers is providing Singapore property agents a wealth of opportunities. While other real estate agents are holding roadshows in China, some are taking a more aggressive approach, bringing potential buyers from China to Singapore for tours of recent property launches. While most property agencies in Singapore recognise China as a key market, emerging...
There was a record number of mainland Chinese home buyers in the last quarter of 2010, according to data from the Urban Redevelopment Authority (URA). With more drastic cooling measures implemented by the Chinese government, analysts say more Chinese will put their money in Singapore property. SINGAPORE: Mainland Chinese buyers are now the second largest group of foreigners who buy homes in Singapore,...
It has been a good year for agents selling luxury properties to foreigners in Singapore. Ms Jasmine Png, an associate director with real estate agency OrangeTee, says she has never before seen as many earnest buyers from China. What's drawing them here are "the tightening measures in China and Hong Kong, which have actually made the Singapore residential market look appealing," said Ms Png. The "relative...
More Chinese investors are entering the Singapore property market, according to property consultant DTZ. Among non-Singaporeans, mainland Chinese buyers have grown significantly in number from 2009, recording their highest ever share of 20 per cent in the third quarter this year. This puts them on par with Indonesians as the second-largest group of non-Singaporean buyers after Malaysians, who topped with...
Some Singapore real estate agencies are wooing Chinese investors to buy properties here. They are doing so by having a representative office in China and networking with private bankers to reach prospective buyers. These initiatives have benefited HSR International Realtors and ECG Property. It is not just about the property for most Chinese investors, it is the lifestyle. Property agencies said that...